Mike Zingg, CFO, SVP Takeda Global Manufacturing, Supply and Quality, attended the session: “Our objective was to move transactional finance activities out of sites and global functions, and to focus on forward-looking, value-adding, strategic finance business partnering,” says Zingg.
In September 2019, the finance and TBS leadership teams attended an EY-hosted “CFO Space” workshop in Frankfurt to look at “the art of the possible” in finance. The outcome was surprising.Īssessing the landscape and issues at hand He used a considered balance of top-down classic approach, implementing and embedding the latest technologies and a less traditional bottom-up approach, socializing and democratizing technology throughout the organization. And rather than follow the industry trend of outsourcing, the solution was developed leveraging in-house capabilities.Įmbarking on that value creation journey, Patel chose an unconventional approach to leapfrog the digital journey. This emerging focus on data and being digital-first culminated in an award-winning application – CFOInUrpocket™, a global finance reporting and analytics platform that gives every relevant employee direct access to data and analytical tools via their laptop, smartphone or tablet. To realize this vision, TBS partnered with IT to build an innovation hub to introduce digital solutions, artificial intelligence, robotics, automation and analytics. TBS does so with a clear focus on creating exceptional people experiences where its stakeholders feel supported and confident in its solutions.Ĭosta Saroukos and the newly appointed Senior VP & Global Head of TBS, Sanjay Patel, shared a vision of fostering a culture of digital literacy and citizen-driven innovation that would enable Takeda to deliver on its commitments. The value TBS creates is freeing up time, so employees can focus on operations that better serve patients.
It provides simplified and innovative solutions across finance, procurement and human resources. Takeda Business Solutions (TBS) is a key business partner and enabler of Takeda’s finance vision. This is a focus that is reflected in its Corporate Philosophy, in which a key imperative is “unleashing the power of data and digital.” Takeda’s global CFO, Costa Saroukos, shaped the vision for finance in which employees “deliver insights and drive value for patients.” He described the priorities as “partnering with the business to reallocate resources so we can deliver on our financial commitments and drive efficiencies across the organization through data and automation.”įollowing its sizeable acquisition of, and subsequent integration with, Shire Pharmaceuticals in 2018, Takeda needed to rapidly accelerate its digital transformation. Takeda, headquartered in Japan, is a leading global biopharmaceutical company, one of the largest in Asia and among the top 15 globally by revenue.
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