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...
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