Merz Pharma is a pharmaceutical company based in Frankfurt with affiliates across the world. The company is active in the research, development and distribution of products in the areas of aesthetic medicine and neurologically induced movement disorders. Today, Merz’s global businesses are focused on the areas of medical aesthetics and neurotoxin therapy. Directum RX has been implemented at one of the Merz Pharma units.
Merz Pharma cooperates with a great number of partners. Company leaders have decided to change the current system that became inefficient in terms of document management to Directum RX. Key factors while choosing were flexible customization tools and traceability of objects’ life cycle.
The project team has set three key goals:
The system automatically checks contracts and financial documents for compliance with the company’s contract policy:
If a document does not meet requirements, the system sends notifications. All sums, terms and purchase information are controlled automatically.
A report on the average approval period is useful for effective contractual work. The head manager can see which stages take longer and can act accordingly.
Reference guides «Tender limits», «Contracting sums»
Creation and approval of payment documents are optimized. That helped to quickly notify accountants about discrepancies:
All routine operations are optimized – Directum RX registers payment and its date, and the accounting department can quickly upload payroll for calculation.
Thanks to digitalization, checking partners’ due diligence became easier:
«The system has completely met our expectations. We plan to expand Directum RX on other processes to increase productivity»
project manager in Merz Pharma
counterparties verified through the system
contracts and financial documents created via Directum RX
users working in the system
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