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March 22, 2011
MIAMI, March 22, 2011 - Answerthink, a division of The Hackett Group, Inc. (NASDAQ: HCKT) and a premier developer, provider and supporter of SAP® solutions, today announced the successful go-live implementation of EzLifeScience™, a qualified SAP Business All-in-One partner solution for the life sciences industry, at Impax Laboratories, Inc.
Impax Laboratories (NASDAQ: IPXL) is a technology-based specialty pharmaceutical company utilizing controlled-release and other in-house development and formulation expertise. They have a balanced business model that consists of a successful generic business targeting high-value Abbreviated New Drug Applications (ANDA) and a brand strategy with the potential to drive higher long-term growth.
Impax's generic business strategy is focused on targeting high-margin, first-to-file or first-to-market product opportunities. They explore a broad range of therapeutic areas that have technically challenging drug delivery mechanisms or other niches which may result in lessened competition. They are also developing specialty generic products that may present one or more competitive barriers to entry. Their brand business strategy is focused on central nervous system, or CNS disorders. They are applying formulation expertise and clinical development experience to develop differentiated, modified or controlled-release versions of currently marketed drug products.
The project, which was completed in eight months, on-time and on-budget, included core functionality in the areas of finance, materials management, production planning, sales and distribution, quality management, plant maintenance, warehouse management and more including EDI processing, regulatory compliance and FDA validation.
"Phase one of the SAP implementation provides Impax with much-improved software tools, integrated business processes across the organization, and a common view of business information," said Steve Hmelar, project director, Impax. "Impax now has a solid foundation to support business growth and future initiatives to improve operational efficiency."
According to John McGrath, principal, SAP Solutions Group, Answerthink. "SAP Business All-in-One will provide Impax the needed platform to maximize manufacturing and product development processes. Our EzLifeScience solution is proving superior value to growing, innovative customers, like Impax. Many small and midsize companies are coming to the conclusion that they can take on world-class software from SAP if a preconfigured, industry-based approach is used."
EzLifeScience™ is an industry-specific SAP Business All-in-One solution from Answerthink customized for growing companies in pharmaceutical manufacturing industries. It is part of Answerthink's family of preconfigured solutions that are designed specifically to help life sciences companies achieve goals such as streamlined product development, manufacture reporting automation, and regulatory compliance, and supporting critical business processes.
Answerthink is a strategic business and technology consulting firm that enables companies to achieve world-class business performance. Qualified SAP Business All-in-One partner solutions are industry-specific software, implementation, and training solutions developed by SAP partners using SAP applications.
Answerthink (www.answerthink.com) is an SAP gold channel partner that develops and offers qualified SAP Business All-in-One partner solutions - industry-specific software, implementation and training packaged solutions. By leveraging the best practices database of The Hackett Group, Answerthink helps clients improve performance and maximize returns on investments in SAP software. Answerthink is a division of The Hackett Group and has offices in the United States, Europe and India.
The Hackett Group (NASDAQ: HCKT) is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices implementation firm to global companies. Services include business transformation, enterprise performance management, working capital management, and global business services. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement, and information technology, including its award-winning Oracle EPM and SAP practices.
The Hackett Group has completed more than 13,300 benchmarking studies with major corporations and government agencies, including 93% of the Dow Jones Industrials, 87% of the Fortune 100, 87% of the DAX 30 and 58% of the FTSE 100. These studies drive its Best Practice Intelligence Center™ which includes the firm's benchmarking metrics, best practices repository, and best practice configuration guides and process flows, which enable The Hackett Group's clients and partners to achieve world-class performance.
EzLifeSciences™ is a trademark of Answerthink.
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All other product and service names mentioned are the trademarks of their respective companies.