JEDOX SUCCESS STORY · PHARMA & HEALTHCARE
Streamlined, collaborative budget prep and reporting enables timely decisions for İLKO Pharmaceuticals
İLKO Pharmaceuticals is a Turkish pharmaceutical company with more than 50 years in the industry, producing generics and consumer healthcare products with a strong biotech focus. It replaced manual spreadsheet budgeting with Jedox FP&A software, creating a single source of truth for planning and reporting across Finance, Operations and the C-suite.
47
export countries supported with unified financial planning
50+
years in the pharmaceutical industry
About İLKO Pharmaceuticals
İLKO Pharmaceuticals is a Turkish pharmaceutical company with more than 50 years of industry experience. It produces generics and consumer healthcare products with a strong focus on biotechnology, and operates production sites in Konya and Çerkezköy and two R&D centres, one dedicated to biotechnology. The company exports to more than 40 countries.
Challenge
Siloed data, outdated assumptions
Financial planning relied on manual spreadsheets, large Excel budget files and heavy email exchange between Finance and the wider business. Data sat in silos and planning assumptions were often out of date.
The Finance team could not run multiple budgeting or scenario models, which led to errors, slow decision-making and inconsistent results.
Solution
One FP&A platform, integrated data
İLKO adopted Jedox FP&A software to digitise its financial environment and integrate data from HR, Sales and SAP ERP.
Finance now produces streamlined monthly reporting, including income statements and balance sheets, and can analyse profitability by product and customer, ranking business areas, products and customers by profitability. Other departments contribute sales, cost and expense inputs directly, so Finance collaborates with them at a far greater level of detail than before.
“By aligning sales planning across various channels, İLKO can instantly calculate production plans”
Özkan Atila
Group Chief Financial Officer
Outcome
Unified planning for 47 export countries
Errors have fallen and planning cycles are shorter. Operational data is consolidated into a single source of truth with real-time updates shared across Finance, Operations and the C-suite, supporting unified financial planning for 47 export countries.
Finance can run scenario simulations and deliver reports quickly across the enterprise. Stakeholders view department-specific reports such as cost centre information and purchasing amounts, while access to unit costs and the ability to split data by material and product have strengthened FP&A. The platform is positioned to scale as İLKO launches new products and enters new markets.
The organization can quickly and easily compare projected and actual profits as well as track investments
Özkan Atila, Group Chief Financial Officer
Jedox in use at İLKO Pharmaceuticals
- FP&A / Planning
- Reporting
- Scenario simulation
- Profitability analysis
- SAP ERP integration
- HR and Sales data integration
Read more Jedox success stories, or find out about Jedox implementation in the UK & Ireland.
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