How Virbac’s IT department optimizes budget management (and more) with Triskell
Discover how the CIO Office of the world’s 6th largest animal health company transformed the management of IT activities (especially its budget arbitration process) by integrating operational capacity planning.
Project summary
Virbac implemented Triskell to centralize and standardize project and budget management on a global scale. This solution has provided greater visibility across the entire project portfolio, making it easier to drive strategic decisions and align initiatives with corporate objectives.
- Over 300 active projects are tracked simultaneously in Triskell.
- Around 200 users across several continents use the platform daily.
- Reporting time has been reduced by 40%, allowing teams to focus more on project execution.
About Virbac
Virbac is a French animal health company and the 6th largest veterinary pharmaceutical group worldwide, with a turnover of USD 1.36 billion in 2023.
With 5,500 employees and subsidiaries in 35 countries, the company continues to innovate and optimize its internal processes to better serve its customers.
The IT department includes 100 in-house staff members, supported by external service providers.
Context
With the ambition of strengthening its position in the animal health industry, Virbac faced complex challenges in managing and prioritizing its project portfolio.
Armed with a complex Google Sheet for tracking project requests and portfolio management, the CIO Office lacked precise and up-to-date visibility into the real operational capacity of its teams. As a result, investment decisions for the coming year were based primarily on the annual budget envelope defined by executive management.
The outcome? Some projects were planned for the following year according to the allocated budget but couldn’t be executed due to a lack of available human resources.
Why Triskell?
In August 2023, Virbac chose Triskell Software from among three vendors that had completed a Proof of Concept (POC). Triskell stood out to the entire team involved in the decision-making process thanks to:
- Comprehensive functionality within an all-in-one platform for portfolio management, Phase-Gate methodology, demand management, budget management, resource management, operational project management using the Phase-Gate approach, and time tracking.
- Seamless integration with the IT ecosystem: BI tools, authentication systems, G Suite, and DevOps.
- Multi-language capability.
- A competitive and reasonable total cost of ownership, which was also a key differentiator.
Implemented solution
With support from the consulting firm Easis, Virbac successfully deployed Triskell to manage and steer its IT activities more effectively. Today, Virbac benefits from:
- Project portfolio management: monitoring and prioritizing projects based on the company’s strategic objectives.
- Resource planning: efficient allocation of human and material resources according to project needs.
- Budget tracking: monitoring costs and budgets associated with each project.
- Reporting and dashboards: generating customized reports and dashboards to enhance visibility and decision-making.
- Risk management: identifying, assessing, and tracking potential project-related risks.
Benefits – Data centralization
Improved visibility and strategic decision-making
Optimized resource management
40% reduction in reporting time
Stronger alignment with strategic objectives
Thanks to Triskell, we have transformed our project management into a structured and transparent discipline, aligned with our strategic objectives, while significantly improving our operational efficiency.
Muriel PORTALS – Head of CIO Office, VIRBAC
Company Overview
Industry
Animal Health and Veterinary Pharmaceuticals
Type
Public
Established
1968
Region
France – Global
Solution
IT Portfolio Management
Budget Management
Resource Management
Highlights
Business challenges
Lack of visibility into organization’s capacity.
Unreliable data from spreadsheets.
Misaligned budget planning.
Benefits
Improved visibility.
Optimized resource utilization.
40% reduction in reporting time.
Better strategic alignment.
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