Kourion Therapeutics AG, a start-up company in the biotechnology sector, started business operations in the year 2000 in Langenfeld near Düsseldorf. Their main focus is developing cell therapies out of human cord blood stem cells. Kourion Therapeutics AG has developed proprietary processes to expand stem cells from cord blood manyfold. These cells will be used as ready-to-go transplants to restore damaged tissues in therapies of myocardial infarction, bone and cartilage defects as well as neurological disorders to restore the original
functionalities. In Germany alone 280,000 people suffer from myocardial infarction annually and, similarly, large numbers of orthopedic patients demonstrate a profound need for regenerative medicine products.
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Initial situation
Strategic company planning was required to prepare the enterprise’s conversion into a public limited company and subsequent merger negotiations. Up to that point, the profit & loss planning had been done in Excel and this formed the basis for the strategic company planning. This profit & loss planning could not be used for reliable financial planning or balance sheet planning. The project objective was to subdivide the profit & loss planning into individual company modules and to use them automatically in financial planning and balance sheet planning. The chosen solution also needed to be able to generate various simulations quickly and easily, as well as to depict expenses and income automatically. Further requirements were the simple handling and speedy implementation of the program, as time was pressing. Professional Planner fulfilled all the requirements in the selection process; the consulting partner, avantum consult GmbH & Co KG, assisted in the implementation.
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The Project
Despite extreme time pressure and limited resources on the part of the client, Professional Planner could be implemented within approx. 6 weeks as a tool for integrated financial planning and balance sheet planning. After two days of Professional Planner basic training, the company structure was created in Professional Planner together with the Kourion Therapeutics AG employees. The past values were imported from DATEV. These formed the basis for a detailed profit & loss planning and were also automatically transferred to the integrated financial planning and balance sheet planning as had been required. For the forthcoming presentation to the investors sound reports were compiled. Thanks to the integrated planning long-term financial planning could be created and presented. The accurate and reliable planning impressed investors and as a result they guaranteed financial support for the next few years.
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Professional Planner benefits:
integrate profit & loss planning, financial planning and balance sheet planning
immediately usable
flexible structure
easily connectable to Excel
integrated planning according to the Cost of Sales Method
detailed planning in Excel that is automatically imported into PP
focus on qualitative work in as regards planning, not on creating the plans themselves
planning depth raised considerably
liquidity planning on long-term scale
improved negotiation position with investors and banks
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