Novem Advises Evotec AG On Planning, Reporting And Analysis

Consulting expertise pays / IBM Cognos TM1 increases planning safety / IBM Cognos 8 business intelligence provides maximum transparency of Hamburg, 23.02.2012 biotechnology company Evotec AG has introduced in a system for planning, reporting, and analyzing novem business applications, business intelligence and Unternehmenssteuerungs solutions provider. In a workshop, the Hamburg-based consulting company convinced the company IBM Cognos TM1 and IBM Cognos 8 business intelligence (BI). Evotec able to plan, to evaluate business data, as well as to create simulations and forecasts has the solutions. Controllers and planners are also working now at six different sites with a central data base. In addition, reports and analyses provide insights into the business development and provide responsible for Evotec with the necessary knowledge of the decision. Evotec minimizes IBM implemented by novem Cognos technology risks: the active ingredient research and development is very time consuming and expensive and only a few specimens get ready for market.

The precise planning of numerous research projects, as well as the targeted monitoring of costs, revenues, and market developments are all the more important for Evotec. The previous budgeting and reporting system was time-consuming and prone to errors due to manual data entry processes. Evotec needed a system that centrally gathers corporate data and speeds up the planning process. Also, the new solution should enable the creation of meaningful reports and in-depth analyses and forecasts. Planning: safely, quickly, and with vision thanks to IBM Cognos TM1 Evotec will benefit from a fully integrated financial planning. The solution enables the processing of large volumes of business data and centralized planning in a consolidated planning system. Planners in the Group companies, as well as controller at the Office have access to consistent business data that is aggregated into a data warehouse. Data from the ERP system are continuously loaded into the new solution so users always current work with Numbers.