Putting customers at the center of their go-to-market strategy
乐鱼(Leyu)体育官网 and Gr眉nenthal use data and measurement to redefine the customer experience
乐鱼(Leyu)体育官网 and Gr眉nenthal use data and measurement to redefine the customer experience
Client
Gr眉nenthal GmbH
Industry
Healthcare and life sciences
Primary goal
Help a pharmaceutical company plan for a customer-centric strategy
When an acquisition doubles your revenue in your largest market, there are some big numbers at play鈥攅specially when you鈥檙e a $48 billion CPG company. And the bigger the numbers, the bigger the impact of every strategic and tactical decision you make. You can鈥檛 afford to have your visibility clouded and your decision-making hampered by having two disparate financial operations functions each with its own systems, software, and people. So, when a global CPG company found itself in this situation, it called on 乐鱼(Leyu)体育官网 to drive fast, smooth, cost-efficient integration of financial operations.
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and global alignment between cross-functional teams
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聽into consolidated spend driving meaningful insights and more proactive decisions
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the monthly close cycle
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revenue and sales forecasting
After 70 years, German pharmaceutical manufacturer Gr眉nenthal realized it was time for a new approach to sales and marketing. Instead of the product-centric model traditionally favored by the industry, the company wanted to refocus on customers鈥攆rom doctors and nurses to the patients they serve. Executing this transformation wouldn鈥檛 be easy. But guidance from 乐鱼(Leyu)体育官网 Customer Advisory helped make the difference, allowing Gr眉nenthal to apply insights from real users to transform the customer experience (CX) and drive cross-functional changes in sales, marketing, and customer service. In a post-COVID-19 environment where misinformation is all too common, this change allows healthcare providers to deliver more accurate, relevant data and treat patients more effectively.
Client transformation journey
Acquiring a large organic food and beverage business helped a global CPG company expand its operations and nearly double its revenue in the U.S. However, as with most mergers, the integration posed some challenges. Two disparate IT environments with different accounting and reporting models, separate enterprise resource planning (ERP) systems, and multiple business intelligence (BI) tools required extensive manual intervention and offline data manipulation, preventing uniform reporting and analysis. Data was trapped in silos. Visibility was insufficient. A new CFO and the finance and accounting teams lacked the insight to support effective forecasting and both strategic and tactical decision-making. In a sector as competitive and fast-changing as food products, this company needed to increase visibility quickly.
Acquiring a large organic food and beverage business helped a global CPG company expand its operations and nearly double its revenue in the U.S. However, as with most mergers, the integration posed some challenges. Two disparate IT environments with different accounting and reporting models, separate enterprise resource planning (ERP) systems, and multiple business intelligence (BI) tools required extensive manual intervention and offline data manipulation, preventing uniform reporting and analysis. Data was trapped in silos. Visibility was insufficient. A new CFO and the finance and accounting teams lacked the insight to support effective forecasting and both strategic and tactical decision-making. In a sector as competitive and fast-changing as food products, this company needed to increase visibility quickly.
While this CPG company鈥檚 business is spread across two continents (and originates from a number of acquired companies), its financial operations are now centralized and unified. A cloud-based platform extracts and loads data from numerous global sources, then configures and stores it in a central location. Accounting staff across multiple back offices work within a single governance structure and with a single set of streamlined processes, enabling effective reporting and supporting a swift, accurate close. Across the enterprise, visibility is excellent, and insights are at the ready, because analysts can perform real-time calculations and drill down swiftly to the meaning behind the numbers. Unified financial operations helps this $48 billion player predict accurately, plan effectively, and act swiftly鈥攁ll crucial in a sector where windows of opportunity close as suddenly as they open.
While this CPG company鈥檚 business is spread across two continents (and originates from a number of acquired companies), its financial operations are now centralized and unified. A cloud-based platform extracts and loads data from numerous global sources, then configures and stores it in a central location. Accounting staff across multiple back offices work within a single governance structure and with a single set of streamlined processes, enabling effective reporting and supporting a swift, accurate close. Across the enterprise, visibility is excellent, and insights are at the ready, because analysts can perform real-time calculations and drill down swiftly to the meaning behind the numbers. Unified financial operations helps this $48 billion player predict accurately, plan effectively, and act swiftly鈥攁ll crucial in a sector where windows of opportunity close as suddenly as they open.
There will be more acquisition targets in the company鈥檚 future. And with a cloud-based platform, governance framework, and standardized processes in place, integrating financial operations will be a swift, sure process. A successful integration inspired the CFO and global finance team to consider other areas for transformation. From evolving multiple layers of the target operating model within Finance, to jump-starting transformation across other functional areas, a powerful ripple effect began and continues across the enterprise. Having the right tools and processes to support a grander vision driven by meaningful insights will continue to empower positive change.
There will be more acquisition targets in the company鈥檚 future. And with a cloud-based platform, governance framework, and standardized processes in place, integrating financial operations will be a swift, sure process. A successful integration inspired the CFO and global finance team to consider other areas for transformation. From evolving multiple layers of the target operating model within Finance, to jump-starting transformation across other functional areas, a powerful ripple effect began and continues across the enterprise. Having the right tools and processes to support a grander vision driven by meaningful insights will continue to empower positive change.
Acquiring a large organic food and beverage business helped a global CPG company expand its operations and nearly double its revenue in the U.S. However, as with most mergers, the integration posed some challenges. Two disparate IT environments with different accounting and reporting models, separate enterprise resource planning (ERP) systems, and multiple business intelligence (BI) tools required extensive manual intervention and offline data manipulation, preventing uniform reporting and analysis. Data was trapped in silos. Visibility was insufficient. A new CFO and the finance and accounting teams lacked the insight to support effective forecasting and both strategic and tactical decision-making. In a sector as competitive and fast-changing as food products, this company needed to increase visibility quickly.
While this CPG company鈥檚 business is spread across two continents (and originates from a number of acquired companies), its financial operations are now centralized and unified. A cloud-based platform extracts and loads data from numerous global sources, then configures and stores it in a central location. Accounting staff across multiple back offices work within a single governance structure and with a single set of streamlined processes, enabling effective reporting and supporting a swift, accurate close. Across the enterprise, visibility is excellent, and insights are at the ready, because analysts can perform real-time calculations and drill down swiftly to the meaning behind the numbers. Unified financial operations helps this $48 billion player predict accurately, plan effectively, and act swiftly鈥攁ll crucial in a sector where windows of opportunity close as suddenly as they open.
There will be more acquisition targets in the company鈥檚 future. And with a cloud-based platform, governance framework, and standardized processes in place, integrating financial operations will be a swift, sure process. A successful integration inspired the CFO and global finance team to consider other areas for transformation. From evolving multiple layers of the target operating model within Finance, to jump-starting transformation across other functional areas, a powerful ripple effect began and continues across the enterprise. Having the right tools and processes to support a grander vision driven by meaningful insights will continue to empower positive change.
Poor visibility threatened business objectives.
Acquiring a large organic food and beverage business helped a global CPG company expand its operations and nearly double its revenue in the U.S. However, as with most mergers, the integration posed some challenges. Two disparate IT environments with different accounting and reporting models, separate enterprise resource planning (ERP) systems, and multiple business intelligence (BI) tools required extensive manual intervention and offline data manipulation, preventing uniform reporting and analysis. Data was trapped in silos. Visibility was insufficient. A new CFO and the finance and accounting teams lacked the insight to support effective forecasting and both strategic and tactical decision-making. In a sector as competitive and fast-changing as food products, this company needed to increase visibility quickly.The preconfigured assets and technology accelerators delivered by 乐鱼(Leyu)体育官网 Powered Enterprise let ambitious leadership teams take advantage of embedded leading practices to speed up the decision-making process while instilling confidence.
Unified financial operations support global success.
While this CPG company鈥檚 business is spread across two continents (and originates from a number of acquired companies), its financial operations are now centralized and unified. A cloud-based platform extracts and loads data from numerous global sources, then configures and stores it in a central location. Accounting staff across multiple back offices work within a single governance structure and with a single set of streamlined processes, enabling effective reporting and supporting a swift, accurate close. Across the enterprise, visibility is excellent, and insights are at the ready, because analysts can perform real-time calculations and drill down swiftly to the meaning behind the numbers. Unified financial operations helps this $48 billion player predict accurately, plan effectively, and act swiftly鈥攁ll crucial in a sector where windows of opportunity close as suddenly as they open.
A strong foundation that can keep pace with continued growth.
There will be more acquisition targets in the company鈥檚 future. And with a cloud-based platform, governance framework, and standardized processes in place, integrating financial operations will be a swift, sure process. A successful integration inspired the CFO and global finance team to consider other areas for transformation. From evolving multiple layers of the target operating model within Finance, to jump-starting transformation across other functional areas, a powerful ripple effect began and continues across the enterprise. Having the right tools and processes to support a grander vision driven by meaningful insights will continue to empower positive change.
Combining our expertise with 乐鱼(Leyu)体育官网鈥檚 helped us really understand the transition to intentional customer experiences, starting with gathering customer feedback. 乐鱼(Leyu)体育官网 supported us in aligning initiatives across the business and across functions. Pilot testing showed what an end-to-end CX transformation would look like, and how to measure impact and demonstrate value. Evaluating CX initiatives over the long term helps build a business case for further investment. We already had a vision for more intentional, purposeful CX, but 乐鱼(Leyu)体育官网 helped us envision how all these functions can work together.
Telea Herpin
Vice President and Global Asset Lead (former Head of Customer Experience)
What we already know鈥攁nd what we don鈥檛
Our goal for the first phase of the project was to gain a full understanding of the existing customer experience offered by Gr眉nenthal and define what steps would be needed to optimize it. This meant gathering data to identify key issues for customers and defining how to achieve greater customer satisfaction based on lessons learned from other companies and industries.
Our activities included:
Data for this assessment was gathered via surveys, interviews, and meetings in Germany, France, and Spain. These included:
Where are we going and how do we get there?
This phase began by aligning Gr眉nenthal stakeholders on an overall CX vision, or target operating model, for the future. With this in mind, next steps included defining guiding principles and using insights from the first phase to identify strategic enablers for applying the new customer-centric model to sales and marketing and other front-office functions. Others included:
Preparing pilot programs to test, learn, and measure
The pilot programs designed by 乐鱼(Leyu)体育官网 were used to create a 鈥渢est and learn鈥� environment that would reduce risk, costs, and time spent before being applied to sales and marketing teams and the broader organization. The execution phase of these programs included key steps for collecting information for measurement, such as:
More broadly, we also defined plans for embedding an intentional customer experience into Gr眉nenthal鈥檚 overall operating model and developed organizational blueprints and governance model options aligned with roles and responsibilities for successful adoption.
Applying what we鈥檝e learned and planning for the future
The project鈥檚 last phase included steps for measuring results from the pilot programs in order to show improvements in the customer experience based on our planned enhancements. These included:
Looking ahead, we defined activities and processes to continuously capture and measure data on customer engagement, messaging, interactions, and overall satisfaction. Insights from this feedback can also be used to project the return on investment (ROI) that the new customer-centric model will deliver.
Key initiatives included:
At the conclusion of the project, 乐鱼(Leyu)体育官网 developed a detailed step-by-step CX playbook that walks through the project phases to enable easy replication as the organization continues to transform its approach to customers via sales, marketing, and service across other markets and products.聽聽
For most businesses, embracing a customer-focused strategy requires a wider transformation of sales, marketing, service, and other front-office functions. 乐鱼(Leyu)体育官网 Customer Advisory can show you how to enhance your front office by adopting new processes, policies, capabilities, and skills.聽