Esperite

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Company

  • Expert in the storage and processing of stem cells with clients in more than 70 countries throughout the world
  • Founded in 2000 with more than 300 people on staff
  • Processing and storage facilities in Belgium, Germany, Dubai, India and South Africa

Sector

Healthcare

Revenue

€ 42 million (2011)

Website

http://www.esperite.com

Objective

  • Transparent and understandable financial reports
  • Incorporate automated financial checks & balances into financial processes, so that they remain verifiable for all responsible and involved parties within and external to the organisation.

Solution

  • SAP Business Planning & Consolidation
  • Standard CPMview consolidation implementation method

Benefits summary

  • More, faster and better reports
  • Every employee within the financial department can produce customised reports
  • Support for future expansions
  • Simple administrative integration of acquired companies

Transparent, fast and integrated financial reporting

Esperite has developed the technology required to store umbilical cord blood and umbilical cord tissue with the objective of using this rich source of stem cells for medical treatments. At the present time, more than 70 diseases can be treated, including leukaemia. The company has stored more than 225,000 samples, originating from the umbilical cord of newborn babies and is a globally recognised stem cell bank.

Esperite has branches with advanced facilities on 3 continents (Europe, Asia and Africa) and in 40 countries. With duplicate storage at 2 sites and its own research laboratories, the company offers families the opportunity of treating (future) illnesses with material from the carefully frozen stem cells of their own children.

To provide the executive board, shareholders and regulators with transparent, understandable and integrated (financial) reports, the company has installed a consolidation solution that is scalable, flexible and dynamic, using SAP Planning and Consolidation (SAP BPC). Certified SAP partner CPMview assisted Esperite with the standard SAP BPC implementation. All objectives were achieved on schedule (3 months) and within budget.

“CPMview’s consultants have acquired a great deal of experience with business processes at large and small enterprises, and understand our business requirements. CPMview’s proven approach produces synergy and understandable, reliable financial output. The result is that we now have a solution that does exactly what we expect it to do.”

– Van Gessel