Empowering Medicines Patent Pool with efficient budgeting and planning solutions
Transforming Global Healthcare: The Mission of Medicines Patent Pool
Medicines Patent Pool (MPP) is a United Nations-backed public health organisation working to increase access to, and facilitate the development of life-saving medicines for low- and middle-income countries. MPP was founded by Unitaid in 2010. Their mission is to increase equitable access to innovative medicines and other health technologies through public health-oriented voluntary licensing and technology transfer.
Navigating Rapid Growth with its Sets of Challenges
After two years of remarkable growth fuelled by the international response to COVID-19, MPP recognised the need to enhance its internal control, both operationally and financially, moving away from Excel to adopt sustainable processes supported by software, citing the NGO’s limited resources and tight timeline. Given these constraints, a preconfigured application was identified as the optimal solution.
A Strategic Approach
Tomorrow by TW designed an approach tailored to meet MPP’s immediate needs effectively and efficiently. The strategy included:
- Workshops for Organisational Design: Tomorrow by TW conducted comprehensive workshops to understand the client’s organisational structure and gathered all necessary information to customise the solution.
- Implementation of an EPM Tool: Recognising the need for an integrated solution, Tomorrow by TW implemented an Enterprise Performance Management (EPM) tool. This tool combines budgeting and planning functionalities, offering an intuitive user interface and seamless user experience.
- Training for Autonomy: To ensure sustainability, Tomorrow by TW provided extensive training to MPP’s team, enabling them to achieve a high level of autonomy in using the new tool.
A Solution Configured to Address NGO's Unique Needs
Understanding the unique challenges faced by MPP, Tomorrow by TW employed its Not for Profit Budgeting and Planning Solution, leveraging the CCH® Tagetik application of Wolters Kluwer. This solution, carefully crafted to address the unique challenges faced by NGOs in budget planning and reporting, offers tailored features and functionalities in a preconfigured application. This setup of the CCH® Tagetik EPM Wolters Kluwer tool allows to reduce project time and cost and to address all essential needs of NGOs and their various stakeholders.
Maximising Efficiency and Transparency
The implementation of this preconfigured solution brought significant benefits to MPP:
- Rapid Project Completion: The project timeline was reduced by 90%, allowing MPP to continue focusing on their daily operations without being overburdened.
- Cost Efficiency: The cost of the project was reduced by at least 60% compared to traditional waterfall methodology projects, making it highly affordable for the NGO.
- Process Automation: Automating financial reporting processes frees up valuable time for MPP to concentrate on high-value tasks.
- Accurate Funding Monitoring: The new system provides more precise monitoring of the funding gap per project on a monthly basis.
- Enhanced Transparency and Control: Improved transparency and control of expenses increased donor confidence, ensuring continued support and funding.
“Thanks to Tomorrow’s approach and the Wolters Kluwer CCH® Tagetik software, MPP significantly improved its financial control, enhanced the accuracy of our financial analysis, and saved valuable time. Tomorrow’s expertise and deep understanding of the complex architecture and financial controlling needs of NGOs ensured a seamless implementation of Wolters Kluwer CCH® Tagetik, perfectly aligning the software to our specific requirements.”
Towards Sustainable Growth
By leveraging this preconfigured Wolters Kluwer CCH® Tagetik solution and Tomorrow by TW’s strategic approach, MPP not only overcame their immediate challenges but also positioned themselves for sustainable growth and enhanced operational efficiency. This success story highlights Tomorrow by TW’s commitment to supporting NGOs like Medicines Patent Pool in achieving their mission through innovative and cost-effective solutions.
“For any organisation looking to enhance financial efficiency and effectiveness, I highly recommend Tomorrow and the dedicated Wolters Kluwer CCH® Tagetik software. Their dedication and expertise can drive significant improvements and deliver lasting value.”