Exiqon’s growth strategy supported through Business Intelligence Systems
“For Exiqon a listing on the NASDAQ OMX Stock Exchange led to increasing
financial reporting obligations and the means to realize an ambitious growth
strategy. We achieved our goals by empowering all managers through data access
and financial accountability enabled by a new IT platform. The strategy proved
successful when integrating a U.S. acquisition of similar size only 9 months
after the IPO. We have since expanded functionality across all parts of the
value chain to map our processes and include KPI/KRIs that allows managers to monitor
day-to-day operations in addition to financial performance. Consistent
step-by-step development of our infrastructure, has delivered professionalism
at modest cost.”
Hans Henrik Chrois Christensen, Chief Financial Officer, Exiqon A/S
Exiqon A/S is a text book example of a modern technology based company with
international operations facing the challenges that come with being a small
sized public company operating across three time zones in two business segments
and having a product offering that exceeds 60,000 product combinations for life
science research use.
Keeping operational control and track of pricing, cost, and profits across the value
chain while aiming to grow aggressively provides considerable challenges for all
aspects of the business.
Adopting an IT strategy with focus on integrated solutions and a common platform,
including SharePoint, a data warehouse and BI has allowed for online access to financial
data for all managers in the organization, process mapping to support quality
controls in manufacturing and R%D, access to operational KPI/KRIs. Executive
management has obtained easy online access to live data and can now oversee all
aspect of a complex business model.
Exiqon A/S and its IT solution provider, Infoprojekt, have jointly designed a
customized the company’s solution based on the Microsoft Office SharePoint® Server 2007 Excel Services and Microsoft SQL Server® 2005 Reporting Services.
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