Led by Finance: Greg Scanlon ACMA, CGMA, Senior Manager with Pfizer's Finance Portfolio Management and Optimisation Group, Reports on How He Led a Project to Extend the Pharmaceutical Giant's Financial Shared-Services Model into Emerging Markets

Financial Management (UK), April 2014 | Go to article overview

Led by Finance: Greg Scanlon ACMA, CGMA, Senior Manager with Pfizer's Finance Portfolio Management and Optimisation Group, Reports on How He Led a Project to Extend the Pharmaceutical Giant's Financial Shared-Services Model into Emerging Markets


THE BACKGROUND Pfizer markets medicines, vaccines and many well-known consumer healthcare products in both the developed and developing world. By 2012 we had established commercial and manufacturing finance teams in a number of emerging economies, but we realised that we needed to serve these markets, which Pfizer expects to continue growing, more effectively.

THE PLAN We decided to set up a number of global financial solutions (GFS) centres in Asia Pacific, Latin America, eastern Europe, Africa and the Middle East. The plan is for these shared-services centres to support transaction processing in 82 countries. When implemented, it should extend a consistent, GFS-supported operating model based on standard processes, while enabling financial managers to spend more time on key activities such as decision support, compliance and control.

[ILLUSTRATION OMITTED]

THE PROCESS We first conducted a feasibility study involving functions such as biopharmaceuticals finance, global supply finance, GFS, business technology and procurement. This was a success and the project was approved in November 2012. we ran a workshop to develop standard approaches to aspects such as change management, communication and organisation design. After this, we worked out our methods and set the main milestones. We established a global implementation team, hiring a head of shared services for emerging markets, who is ultimately responsible for the implementation. Regional teams are being set up as we deploy in each region. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Led by Finance: Greg Scanlon ACMA, CGMA, Senior Manager with Pfizer's Finance Portfolio Management and Optimisation Group, Reports on How He Led a Project to Extend the Pharmaceutical Giant's Financial Shared-Services Model into Emerging Markets
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.