Independence, in name and fact
乐鱼（Leyu）体育官网 helped a spun-off pharmaceutical company establish 140 processes for finance, IT, operations and human resources, enabling them with new ERP and HCM systems.
Client
A global pharmaceutical company
Sector
Life sciences
Project
M&A/Operations carve-out
Client challenge
The leadership of a new, marquee pharma manufacturer company approached 乐鱼（Leyu）体育官网 with a paradox: It was certainly marquee, but not new. As the highly publicized spin-off of a global health services conglomerate, the company began life with $18 billion in annual revenues, an established product pipeline and instant membership in the S&P 100. Reliant on the back-office functions of its former parent, it needed to quickly acquire the operational sinews of a truly standalone company.
During an intensive three-year engagement, 乐鱼（Leyu）体育官网 designed and put into place new core processes for finance, operations, and human resources, all of聽which was enabled by new ERP and HCM systems. The multidisciplinary assignment eventually touched the lives of every one of the company鈥檚 21,000聽employees, in 170 countries. And as 乐鱼（Leyu）体育官网 delivered tangible results, something intangible emerged鈥攁 new company culture, independent in name, spirit and operational fact.
乐鱼（Leyu）体育官网's 3-year multidisciplinary assignment touched the lives of every one of this client's 21,000 employees, in 170 countries.
Approach
Working together with client leadership, 乐鱼（Leyu）体育官网 developed a foundation target operating model鈥攂ased upon standardized processes, automation, globally integrated reporting, and shared services delivery鈥攖o continuously inform 80 specific assignments within the master engagement. 乐鱼（Leyu）体育官网:
1
Replaced 36 legacy systems and multiple applications with a single, global SAP enterprise resource聽planning platform.
2
For the Finance, HR and IT functions, developed model workflows, built role specification and skills profiles, and hired and trained all new employees.
3
Designed, built, tested, and deployed more than 140 new operating procedures.
4
Supervised the structuring of outsourcing contracts, the selection of a global shared-services partner, and the launch of a global network of shared-service delivery centers.
Benefits to client
乐鱼（Leyu）体育官网 worked with client leadership to forge, from scratch, an operational 鈥渟pine鈥� precisely tailored for a new single-purpose business mission. The work synergized 乐鱼（Leyu）体育官网 expertise in process, technology, people and change management. Benefits include:
1
Leading-practice models for operations, outsourcing contract structures, automation, shared services, process design and centers of excellence now聽established.
2
As a foundation for future activity, deep functional understanding of end-to-end process design and training embedded within the client organization.
3
Centralized reporting, based upon a single, global enterprise resource planning platform that includes specifications to meet requirements at the local, manufacturing-plant level.
乐鱼（Leyu）体育官网 insights
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We understand the predictable鈥攁nd unpredictable鈥攕tages of spin-offs
While M&A spinoffs are typically singular events for leadership in newly-independent entity, they typically unfold in foreseeable stages. 乐鱼（Leyu）体育官网 insight gleaned from similar assignments can help clients anticipate and navigate developments as they move towards their goals.
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Global carve-outs require extraordinary partnership
As the strategic pendulum swings towards corporate dis-aggregation, clients set upon divestiture need partners that can combine global scale, breadth of specialty offerings, and ability to execute at speed.
Meet our team
Charles Arnold
U.S. Lead, Procurement and Business Services, 乐鱼（Leyu）体育官网 US
Charles Arnold
U.S. Lead, Procurement and Business Services, 乐鱼（Leyu）体育官网 US