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A finance director at a large niche pharmaceutical company told us: “We have a lot of manual processes and inputting and that type of stuff which I am trying to get away from. One company we spoke to–a $110M equipment leasing firm–has been looking for a way out of this Excel mess for three years.
Carrying this through to the real world, you should not be surprised to see technology and pharmaceutical companies, the two biggest spenders on R&D, report much higher accounting returns than they are actually earning on their investments.
A finance director at a large niche pharmaceutical company told us: “We have a lot of manual processes and inputting and that type of stuff which I am trying to get away from. One company we spoke to–a $110M equipment leasing firm–has been looking for a way out of this Excel hell for three years.
I was particularly, I was in, I was working in, on the East coast and, you know, any, everything from like pharmaceutical to automotive to, to what a, what a distribution network looked like. The, the, the, the financialfinancialanalysis is the same, effectively, maybe it’s even more intensive on the, on the, on the m and a side.
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