Home » Case Studies » Merz Pharma UK Ltd

Merz Pharma UK Ltd

merz-pharma-header

Locations:

Applications:

Industries:

Merz is an independent German pharmaceutical company with its own research and development, focused on drugs for the treatment of illnesses in the fields of neurology and psychiatry.

Merz Pharma UK Ltd. is a part of Merz Pharmaceuticals specialising in neuroscience and aesthetic medicine.

Challenges faced with expense management

With an expanding product range supported by active research and development, Merz Pharma UK Ltd. has a passion for pushing the boundaries of scientific knowledge and is fast becoming a leading name in movement disorders, schizophrenia and aesthetic medicine.

Based in Elstree, North London, Merz Pharma UK Ltd has 44 employees and a turnover of £10 million per year.

“We didn’t need to justify Webexpenses, it was an obvious choice”

The finance department at Merz was processing around 40 claims per month using paper-based expense processes that require staff to complete expenses forms and get physical sign off. The finance team then manually inputted the data from all forms into their financial records.

Simon Mannings, Head of Finance at Merz comments:

“The time and resource needed to complete this were excessive. The system worked but was an exhaustive process. It took up a lot of time for what is, in reality, a small part of the finance department’s role. We knew as the company grew and took on more staff that the burden would continue to grow.

We knew we wanted to automate our expense process and looked at a selection of suppliers. Webexpenses appealed straight away. We saw the efficiency benefits and immediately began to make plans to implement – it wasn’t a difficult analysis.”

How Webexpenses helped

The benefits of Webexpenses have been considerable for the finance team and the overall management of the expense process. Simon comments:

“The main benefit has been the streamlining of the expense process. Thanks to Webexpenses there are fewer headaches, less staff time put into filling out expense forms and less repetition of data from finance staff re-entering data into the system.

In processing time alone we have saved an entire day per month, the equivalent of around £1000-£2000 per year. In less tangible terms, I would estimate the time saved across our 44 staff in filling in, following up and querying expense claims would be on average around 30 minutes per month, meaning overall savings of up to £10,000 per year.

Webexpenses has also surpassed our expectations in other areas, it adds robustness from a system point of view, enforcing better compliance, approval and authorisations processes than our paper-based systems. It has enabled us to track and manage expenses in real time, at any time, really improving our analysis capabilities.”

Browse Other Case Studies

All
  • All
  • Area | Americas
  • Area | APAC
  • Area | EMEA
  • Area | Global
  • Consulting & Services
  • Consumer Goods & Entertainment
  • Education
  • Finance & Insurance
  • Food & Hospitality
  • Manufacturing & Equipment
  • Medical & Bioscience
  • Natural Resources & Environment
  • Non-Profit
  • Supply Chain & Logistics
  • Technology & Software

USAlliance Financial case study

Serving over 90,000 members worldwide, including the employees of American Express, PepsiCo, and IBM, USALLIANCE Financial is a multi-faceted $1+...

Read More

Scottish Swimming

Scottish Swimming, a national body for the sport, felt it was time to migrate their manual expenses operations towards a...

Read More

Swissport

Swissport is a global aviation company providing airport ground and cargo handling services worldwide.

Read More

Swiss Post

In line with its desire to be a highly sustainable company, Swiss Post Solutions Ltd. in the UK made the...

Read More

Museum of London

The Museum of London, which tells the story of London from 450,000 BC to the present day, has recently adopted...

Read More

VTCT case study

VTCT are a Government-approved awarding organisation, with a focus on the advancement of education.

Read More

Procure4 case study

Procure4 is a team of supply chain management specialists working across Europe, USA and UAE to deliver cost base reduction...

Read More

Smart Training and Recruitment

Read More

Mountain Warehouse

Webexpenses explores the main expense-related issues the business was having prior to using Webexpenses for their expense management solution, with...

Read More

Nextira One

The company’s sizeable field-based implementation and maintenance support team previously submitted expenses using an excel spreadsheet that was then printed...

Read More

Woolmark

Woolmark was founded in Australia in 1937, and has since grown to become a truly global organisation.

Read More

Miele

Read More

Healthcare at Home

Healthcare at Home is the UK’s largest provider of home healthcare services with around 1,500 employees and caring for more...

Read More

Alzheimer’s Research UK

Prior to using Webexpenses, Alzheimer’s Research UK were using a highly manual process that wasn’t able to keep up with...

Read More

Global Action Plan

Global Action Plan is the UK’s leading environmental change charity and, since 1993, has helped businesses, schools and communities reduce...

Read More

Underground Coffee Roasters

New Zealand based coffee company, Underground Coffee Roasters provide cafés, shops and barista training – they have a passion for...

Read More

Coronation Fund Managers

London-based Coronation Fund Managers is an independent, specialist fund manager founded in 1996 providing sophisticated investment solutions to institutional clients.

Read More

Henry Schein

The UK based arm of Henry Schein is split into four divisions and approximately 400 employees make expense claims on...

Read More

Gamma Solutions

Read More

Allpress Espresso

Allpress Espresso is a coffee roaster and ‘espresso specialist’ business founded by Michael Allpress in New Zealand during the year...

Read More

Probrand

IT service provider and value added reseller Probrand has built its reputation on a track record of helping businesses to...

Read More

Otsuka Pharmaceuticals

Peter Blott, finance manager at Otsuka, knew the existing way of handling expenses would not cope as additional products were...

Read More

TransMedia Dynamics case study

Media asset management company TransMedia Dynamics are a worldwide organisation, they have offices in the UK, US, Australia and Malaysia.

Read More

Munster Rugby

Founded in 1879, Munster Rugby is one of the most successful and best supported rugby clubs in the world with...

Read More

Inspirations Paint

The paint supply specialist introduced Webexpenses in 2017 and immediately saw improvements in the managing of their expenses.

Read More

Pets at Home

Pets at Home is the UK’s leading pet care specialist, providing pet owners with everything they need.

Read More

Arrow Business Communications

Arrow Business Communications have offices across the UK, Managing expenses efficiently is important to them with many approving managers working...

Read More

CIPP Case Study

The Chartered Institute of Payroll Professionals (CIPP) was established as an official industry body in 1985 when the Institute of...

Read More

Admiral Insurance

Admiral Insurance are a worldwide organisation, they have branches in Europe, Canada and the USA.

Read More

Adecco Group

The Adecco Group is the world’s leading provider of HR solutions.

Read More