With headquarters in Wilmington, NC and operations in, Marietta, GA, Buenos Aries, Argentina, and Budapest, Hungary, Osmotica Pharmaceutical implements Microsoft Dynamics AX to manage their global operations, specifically for FDA compliance and consolidated financial reporting.
Microsoft Dynamics AX2012 has proven invaluable from a consolidation and reporting perspective for Osmotica. With operations in 4 different countries, Osmotica previously accounted for the operations in each country individually, doing an offline currency conversion and consolidation in spreadsheets in order to arrive at the monthly corporate financial statements. Now, with all the entities' data and associated elimination transactions located in Dynamics AX, Osmotica uses AX and the accompanying Management Reporter financial reporting tool to instantly produce consolidated financial statements.
The improved accuracy and efficiency allow the corporate finance team to focus more on value added strategic processes within the organization where previously their time had been consumed by manually producing consolidated financial statements. Watch the video below as Vice President Finance and Treasurer, Michael Gesser, describes his experience working with RSM and Microsoft Dynamics AX.
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