PRODUCTION & OPERATIONS
AstraZeneca ’ s Digital Transformation with Celonis AstraZeneca is transforming the face of Internal Controls , using software development company Celonis . Founded in 2011 , Celonis is headquartered in New York City and helps businesses create top business value for minimum waste . Its Process Intelligence platform uses the data from the systems and creates a living digital twin of that business ’ s end-toend processes . AstraZeneca sought out Celonis to safeguard its financial transactional systems .
“ Operating in a highly regulated industry , with ever-changing requirements , we need to prove that every financial transaction system action is correct . There ’ s a large number of manual controls that we need to operate to meet our regulatory obligations and our ambition was to automate as much of this as possible ,” Joshi asserts .
AstraZeneca decided to embark on a pilot programme with Celonis to optimise business processes , provide more accurate insights and drive better outcomes . With Celonis , AstraZeneca has revolutionised its financial controls compliance and implemented a programme designed to enable three lines of defence that safeguard the company against financial misstatement and fraud , across management , internal controls and auditors .
“ The solution has also had a positive impact on our employees , automating repetitive tasks that were previously time-consuming , removing a vast time
84 April 2024