{"id":22578,"date":"2020-10-20T16:56:44","date_gmt":"2020-10-20T14:56:44","guid":{"rendered":"https:\/\/www.regestaitalia.eu\/how-to-minimize-the-risk-of-deviations-from-the-budget\/"},"modified":"2025-06-03T15:33:39","modified_gmt":"2025-06-03T13:33:39","slug":"how-to-minimize-the-risk-of-deviations-from-the-budget","status":"publish","type":"post","link":"https:\/\/www.regestaitalia.eu\/en\/how-to-minimize-the-risk-of-deviations-from-the-budget\/","title":{"rendered":"How to minimize the risk of deviations from the budget?"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-right:0px;--awb-padding-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1497.6px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-color:#ef5826;--awb-bg-color-hover:#ef5826;--awb-bg-size:cover;--awb-border-color:#ef5826;--awb-border-top:10px;--awb-border-right:10px;--awb-border-bottom:10px;--awb-border-left:10px;--awb-border-style:solid;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:33.333333333333%;--awb-order-medium:0;--awb-spacing-right-medium:5.76%;--awb-spacing-left-medium:5.76%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><img decoding=\"async\" width=\"300\" height=\"139\" title=\"Ferring\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27150%27%20height%3D%2770%27%20viewBox%3D%270%200%20150%2070%27%3E%3Crect%20width%3D%27150%27%20height%3D%2770%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/www.regestaitalia.eu\/wp-content\/uploads\/2020\/10\/Ferring-300x139.png\" alt class=\"lazyload img-responsive wp-image-21018\"\/><\/span><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:40px;width:100%;\"><\/div><div class=\"fusion-text fusion-text-1\"><p><span style=\"color: #ffffff;\"><span style=\"font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"><b>The group<\/b><br \/><\/span><span style=\"font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Industry: <\/span><span style=\"font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"><b>Pharma<\/b><br \/><\/span><span style=\"font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Headquarters:<\/span> <span style=\"font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><span style=\"font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"><b>Switzerland<\/b><br \/><\/span><\/span><span style=\"font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Employees group:  <\/span><span style=\"font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><span style=\"font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"><b>over  <\/b><\/span><\/span><span style=\"font-family: var(--body_typography-font-family); font-size: var(--body_typography-font-size); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><span style=\"font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"><b>5,000 employees<\/b><br \/><\/span><\/span><span style=\"font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Founding year:  <\/span><span style=\"font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"><b>1950<\/b><\/span><\/span><\/p>\n<p><span style=\"color: #ffffff;\"><span style=\"font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"><b>The Italian office<\/b><br \/><\/span><span style=\"font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Turnover: <\/span><span style=\"font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"><b>65 million \u20ac <\/b><\/span><span style=\"font-family: 'Titillium Web'; font-size: 20px; font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\"><b>(2019)<\/b><br \/><\/span> <span style=\"font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Employees:<\/span><span style=\"font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> <b>85<br \/><\/b><\/span><span style=\"font-style: var(--body_typography-font-style,normal); font-weight: var(--body_typography-font-weight); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Headquarters: <\/span><span style=\"font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing); font-size: 20px; font-family: 'Titillium Web';\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"><b>Via Carlo Imbonati, 18 20159 Milan<\/b><\/span><\/span><\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_2_3 2_3 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-color:rgba(239,88,38,0);--awb-bg-color-hover:rgba(239,88,38,0);--awb-bg-size:cover;--awb-border-color:#ef5826;--awb-border-style:solid;--awb-width-large:66.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.88%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.88%;--awb-width-medium:66.666666666667%;--awb-order-medium:0;--awb-spacing-right-medium:2.88%;--awb-spacing-left-medium:2.88%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-2\"><p><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Ferring is a pharmaceutical company engaged in research and development for the identification, creation and commercialization of <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">innovative products<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> for<\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">infertility<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">, l&#8217;<\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">urology<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> and <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">gastroenterology<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">.<\/span><\/p>\n<p><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Ferring activities and products have the common <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">goal<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> to provide physicians with the <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">effective drugs<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> for the treatment of patients with major diseases.<\/span><\/p>\n<p style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Ferring, with its headquarters in Saint-Prex, Switzerland, operates in 60 countries employing more than 5,000 people for the purpose of ensuring the availability of its medicines in 110 countries.<\/p>\n<p><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">This expansion has enabled Ferring to maintain a <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">significant annual growth rate<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">  over the past two decades. Ferring has production facilities in several European countries and in South America, Israel and China. The company is also building new facilities in the United States and India.  <\/span><\/p>\n<\/div><div ><a class=\"fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.regestaitalia.eu\/wp-content\/uploads\/2020\/10\/SuccessStory_Ferring_RegestaLAB-1.pdf\"><span class=\"fusion-button-text awb-button__text awb-button__text--default\">Download ferring success story<\/span><\/a><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-right:0px;--awb-padding-left:0px;--awb-background-color:rgba(132,132,132,0);--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1497.6px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-3\"><h2 class=\"fusion-responsive-typography-calculated\" style=\"--fontsize: 30; line-height: 1.5;\" data-fontsize=\"30\" data-lineheight=\"45px\"><span style=\"color: #ef5826; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">The challenges<\/span><\/h2>\n<p style=\"font-family: 'Titillium Web'; font-weight: 300; color: #ffffff; font-size: 20px;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Ferring needed to increase control over investment costs, especially commercial, and to increase the preciseness of quarterly forecasts. To overcome these challenges, the commercial organization adopted a project-based approach to investment control: \u201cManagement by Project.\u201d <\/p>\n<p style=\"font-family: 'Titillium Web'; font-weight: 300; color: #ffffff; font-size: 20px;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Other challenges were:<\/p>\n<ul>\n<li><span style=\"font-family: 'Titillium Web'; font-weight: 300; color: #ffffff; font-size: 20px;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Develop a <\/span><strong style=\"font-family: 'Titillium Web'; font-weight: 300; color: #ffffff; font-size: 20px;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">solution to integrate data<\/strong><span style=\"font-family: 'Titillium Web'; font-weight: 300; color: #ffffff; font-size: 20px;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> from <\/span><strong style=\"font-family: 'Titillium Web'; font-weight: 300; color: #ffffff; font-size: 20px;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">from different sources <\/strong> <\/li>\n<li><span style=\"font-family: 'Titillium Web'; font-weight: 300; color: #ffffff; font-size: 20px;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Tracking the <\/span><strong style=\"font-family: 'Titillium Web'; font-weight: 300; color: #ffffff; font-size: 20px;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">investment projects for multiple dimensions<\/strong><span style=\"font-family: 'Titillium Web'; font-weight: 300; color: #ffffff; font-size: 20px;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">  (nature, time, product, and cost center) so as to assess the deviation of each individual project from the budget. Also through project tracking, optimize time spent on business analysis, rather than spending time integrating and reorganizing data for analysis <\/span><\/li>\n<li><strong style=\"font-family: 'Titillium Web'; font-weight: 300; color: #ffffff; font-size: 20px;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Plan and control personnel costs  <\/strong><\/li>\n<li><strong><strong><span style=\"font-family: 'Titillium Web'; font-weight: 300; color: #ffffff; font-size: 20px;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">  Automate the process for budget preparation<\/span><\/strong><\/strong><\/li>\n<\/ul>\n<h2 class=\"fusion-responsive-typography-calculated\" style=\"--fontsize: 30; line-height: 1.5;\" data-fontsize=\"30\" data-lineheight=\"45px\"><span style=\"color: #ffffff; font-family: Titillium Web;\"><span style=\"font-size: 30px; font-family: 'Titillium Web'; font-weight: 300; color: #ef5826;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">The solution<\/span><\/span><\/h2>\n<\/div><div class=\"fusion-text fusion-text-4\"><p style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"><span style=\"background-color: rgba(132, 132, 132, 0); font-style: var(--body_typography-font-style,normal); letter-spacing: var(--body_typography-letter-spacing);\">The dimensions for timely investment control considered in developing the solution are:<\/span><\/p>\n<p><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">&#8211; <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">the Business Units (BUs):<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> in turn divided by cost centers, the basis of the business organization<\/span><\/p>\n<p><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">&#8211; <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">products:<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> basic element on which business investment is allocated<\/span><\/p>\n<p><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">&#8211;<\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> i<\/strong> <strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">projects<\/strong><\/p>\n<p><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">The project was implemented in 4 phases:  <\/strong><\/p>\n<ol>\n<li><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 400;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"400\">Integration of ERP data with those processed in the model, to check actual cost data against actual costs, purchase order book data with forecast costs<\/span><\/li>\n<li><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 400;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"400\">Cost control and the P&amp;L, analysis to check results by product and by projects according to the relevant BU<\/span><\/li>\n<li><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 400;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"400\">Development of Human Resources model, to plan personnel costs for each individual resource<\/span><\/li>\n<li><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 400;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"400\">Process automation development for annual budget preparation to eliminate manual compilation time done by the user<\/span><\/li>\n<\/ol>\n<\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-padding-right:0px;--awb-padding-left:0px;--awb-background-color:rgba(132,132,132,0);--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1497.6px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_2_3 2_3 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:66.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.88%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:2.88%;--awb-width-medium:66.666666666667%;--awb-order-medium:0;--awb-spacing-right-medium:2.88%;--awb-spacing-left-medium:2.88%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-5\"><h1 class=\"fusion-responsive-typography-calculated\" style=\"text-align: justify; line-height: normal; margin: 20pt -44.7pt 6pt 14.2pt; --fontsize: 34;\" data-fontsize=\"34\" data-lineheight=\"normal\"><span lang=\"it\" style=\"font-family: 'Titillium Web'; color: #ef5826; font-size: 30px; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">The benefits obtained<\/span><\/h1>\n<ul>\n<li><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Complete<\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> integration<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> between the <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">applications<\/strong><\/li>\n<li><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">The Controller can <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">quickly<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> have at its <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">available<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> i <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">planned data for forecast consolidation<\/strong><\/li>\n<li><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">It is now possible to <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">manage and analyze different What-If and Forecast scenarios<\/strong><\/li>\n<li><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Accuracy<\/strong> <strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">of the Forecast increased<\/strong><\/li>\n<li><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">I <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">problems<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> on deviations emerge more quickly<\/span><\/li>\n<li><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">A complete <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">integration<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> between the <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">departmental modules<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> (sales, cost per project, personnel) with the result of the <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">P&amp;L<\/strong><\/li>\n<li><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">The <\/span><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">development of the HR budget<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> and especially the management of infra annual forecasts ensured speed and data quality<\/span><\/li>\n<li><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Reliable structure<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> for data quality<\/span><\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_3 1_3 fusion-flex-column fusion-flex-align-self-flex-start\" style=\"--awb-bg-color:rgba(223,88,38,0);--awb-bg-color-hover:rgba(223,88,38,0);--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:40px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:5.76%;--awb-width-medium:33.333333333333%;--awb-order-medium:0;--awb-spacing-right-medium:5.76%;--awb-spacing-left-medium:5.76%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-image-element \" style=\"--awb-margin-top:80px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none\"><img decoding=\"async\" width=\"300\" height=\"292\" title=\"Ferring4\" src=\"https:\/\/www.regestaitalia.eu\/wp-content\/uploads\/2020\/10\/Ferring4.png\" data-orig-src=\"https:\/\/www.regestaitalia.eu\/wp-content\/uploads\/2020\/10\/Ferring4-300x292.png\" alt class=\"lazyload img-responsive wp-image-21023\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27688%27%20height%3D%27669%27%20viewBox%3D%270%200%20688%20669%27%3E%3Crect%20width%3D%27688%27%20height%3D%27669%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/www.regestaitalia.eu\/wp-content\/uploads\/2020\/10\/Ferring4-200x194.png 200w, https:\/\/www.regestaitalia.eu\/wp-content\/uploads\/2020\/10\/Ferring4-400x389.png 400w, https:\/\/www.regestaitalia.eu\/wp-content\/uploads\/2020\/10\/Ferring4-600x583.png 600w, https:\/\/www.regestaitalia.eu\/wp-content\/uploads\/2020\/10\/Ferring4.png 688w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 640px) 100vw, 600px\" \/><\/span><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-6\"><ul>\n<li><strong style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Recovery of man time and quality<\/strong><span style=\"color: #ffffff; font-size: 20px; font-family: 'Titillium Web'; font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> in control activities <\/span> <\/li>\n<li><strong style=\"color: #ffffff; font-family: 'Titillium Web'; font-size: 20px; letter-spacing: var(--h2_typography-letter-spacing); background-color: rgba(132, 132, 132, 0); font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Speed of implementation<\/strong><span style=\"color: #ffffff; font-family: 'Titillium Web'; font-size: 20px; font-weight: 300; letter-spacing: var(--h2_typography-letter-spacing); background-color: rgba(132, 132, 132, 0);\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> e <\/span><strong style=\"color: #ffffff; font-family: 'Titillium Web'; font-size: 20px; letter-spacing: var(--h2_typography-letter-spacing); background-color: rgba(132, 132, 132, 0); font-weight: 300;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">adherence to the project budget<\/strong><span style=\"color: #ffffff; font-family: 'Titillium Web'; font-size: 20px; font-weight: 300; letter-spacing: var(--h2_typography-letter-spacing); background-color: rgba(132, 132, 132, 0);\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\"> by the supplier<\/span><\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-center fusion-content-layout-column\"><div class=\"fusion-text fusion-text-7\"><blockquote>\n<p style=\"font-size: 20px; font-family: 'Titillium Web'; font-weight: 300; color: #ffffff;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">\u201cIn my experience, the fastest way to increase cost control, forecast accuracy and speed of information generation in the company lies in the ability to speak the same language by different business functions that are both the source and the users. Prevero&#8217;s suite, has played a key role in enabling the creation of a streamlined and flexible infrastructure from a\u201d Management by Project \u201cperspective, in which the needs of operations (Marketing, Sales, Medical department) as well as Finance coexist. This is to the benefit of the quality of corporate reporting to the parent company as well.\u201d <\/p>\n<p style=\"font-size: 20px; font-family: 'Titillium Web'; font-weight: 300; color: #ffffff;\" data-fusion-font=\"true\" data-fusion-google-font=\"Titillium Web\" data-fusion-google-variant=\"300\">Massimo Dammacco, Senior Financial Analyst &#8211; Ferring Spa<\/p>\n<\/blockquote>\n<\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to increase control over investment costs and the accuracy of quarterly forecasts: the Ferring Spa case<\/p>\n","protected":false},"author":1,"featured_media":21022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[145],"tags":[],"class_list":["post-22578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-success-story"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - 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