Data integration for multi-dimensional analysis

Success story TauRx Therapeutics Ltd

Focusing on both research and commercialisation, revenue and expense tracking are of utmost importance to the finance team. TauRx must provide their investors with a clear view of the company's performance with timely updates.

I would recommend LucaNet. If you want something that is quick to implement, very fast, able to integrate all your different databases and allow you to have much control over your business, go for it.

Hong Wei Hwang
Finance Director

How TauRx uses LucaNet software:

  • Automated financial consolidation
  • Business controlling

About the enterprise

TauRx is a leading research institute specialising in Alzheimer's disease research. With its research facility based in the United Kingdom, and its commercial headquarters based in Singapore, TauRx continues to pioneer a new pathway to treating Alzheimers across the globe.

Business Processes

logo taurx

Industry:

Health/Social affairs

Core Business:

Life sciences

Headquarter city:

Singapore (Singapore)

Locations:

Singapore, Scotland (Aberdeen)

Employees:

200

Website:

http://taurx.com/

The challenge

Obtaining full data transparency

With a multitude of software systems used across various departments, in the different countries, TauRx was facing a major roadblock to obtaining full data transparency. Furthermore, the team in TauRx was still relying on a slow and error-prone manual process to perform financial consolidation. It was about time for TauRx adopt an effective solution to integrate their data sources and with numbers they can trust. Hence, LucaNet was implemented.


The solution

Holistic data integration

LucaNet allowed TauRx to streamline their data into a single-source-of-truth platform with its proprietary data integration technology. TauRx is now able to integrate its multiple data sources and enable drill-down analysis within one platform. Additionally, TauRx can enjoy automated consolidation process with significant time savings.

Management reporting is now a breeze with LucaNet. LucaNet's platform provides TauRx with the flexibility to analyse and adjust numbers based on different periods be it yearly, quarterly or even monthly within a few simple clicks. TauRx is now able to complete its reports within half a day - a 75% time reduction as compared to their previous manual process. Furthermore, both the management and the finance team are able to put their trust in the reports generated. Overall, the digital transformation of TauRx's finance processes enable the team to perform granular drilldowns across the different databases for more effective controlling and flexible reporting.

How LucaNet software benefits TauRx:

  • Full data transparency
  • Automate consolidation with significant time savings
  • Flexible and quick management reporting
Monthly reporting
75 %

faster

Further references from the industry Health/Social affairs