Invetech’s Digital Transformation Journey

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Key Takeaways

⇨ Invetech partnered with Deloitte for a successful digital transformation, implementing SAP's S/4HANA Public Cloud to enhance operations and streamline manufacturing.

⇨ The transformation focuses not only on technology but also on empowering employees and redefining processes, fostering a culture of continuous innovation.

⇨ The project was completed in just 26 weeks, enabling Invetech to bring outsourced manufacturing in-house and synchronize its manufacturing and finance operations for improved efficiency.

Invetech partnered with Deloitte to implement SAP’s S/4HANA Public Cloud, transforming its outdated ERP system to streamline operations, facilitate in-house manufacturing, and enhance product development in healthcare innovation, completing the project on time and on budget.

Invetech chose Deloitte to deliver their transformation on time and on budget. It’s not just an investment in state-of-the-art technology; it’s an investment in people, processes and future growth of the Invetech business.

Invetech is a provider of innovation, product design, instrument development and contract manufacturing with a focus in healthcare markets in Australia and North America. With over 30 years of experience in health and life sciences, Invetech transforms ideas into market-ready diagnostic technologies and vital therapies, to accelerate healthcare advancements.

With a legacy ERP system of more than 20 years old, Invetech’s team was struggling with its upkeep, creating workarounds, and building systems external to their ERP to support the business. When the company’s strategic direction changed to include a focus on expanding its manufacturing business with the goal of innovating faster, bring manufacturing in-house, it became clear that a new approach was needed. Invetech is unique, as a professional services organisation it has invention and manufacturing as the backbone of their business, and an acute need for technology to support these functions.

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The company’s management team approached the journey by stressing the importance of being humble enough to recognise that “we don’t know what we don’t know” and also of bringing their people along the journey. SAP’s S/4HANA Public Cloud was chosen as the solution that best suited Invetech’s current and future needs, to streamline operations as the company continued to evolve and expand. The implemented SAP system now helps Invetech deliver innovative healthcare products along the entire product journey, from conceptualising medical device ideas, to building product prototypes, through to commercial manufacturing. An example of this is Invetech’s identification of much needed improvement in the innovation of cell processing, prompting the launch of Korus™, a system that has the potential to transform cell therapy industry standards.

Deloitte’s approach with Invetech was collaborative and iterative, engaging with the appropriate business stakeholders to deliver the outcomes based on a fit-to-standard process. This has enabled Invetech to bring previously outsourced manufacturing in-house, ensuring that future innovations are managed and manufactured without the need for a third party. The implementation has also enabled Invetech to integrate their manufacturing with their finance functions, ensuring a smooth running of both. Invetech’s SAP S/4HANA Public Cloud implementation, completed in just 26 weeks, has had a significant contribution to Invetech’s ability to design and build new products in an holistic, agile and innovative way.

“Business partnering with Deloitte has been at the heart of our successful SAP S/4HANA Cloud implementation. With genuine respect and outstanding collaboration between our teams, we have worked together to deliver this digital transforamtion project on-time and on-budget.”

Janet O’Meara, Chief Financial Officer, Invetech

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Published: 02/November/2020

Reading time: 8 mins

Vendors Mentioned

Key Topics Discussed

Invetech’s Digital Transformation Journey

Key Takeaways

⇨ Invetech partnered with Deloitte for a successful digital transformation, implementing SAP's S/4HANA Public Cloud to enhance operations and streamline manufacturing.

⇨ The transformation focuses not only on technology but also on empowering employees and redefining processes, fostering a culture of continuous innovation.

⇨ The project was completed in just 26 weeks, enabling Invetech to bring outsourced manufacturing in-house and synchronize its manufacturing and finance operations for improved efficiency.

Explore related questions

More Resources

Insights on migration to SAP S/4HANA in a hybrid world

SAP S/4 HANA: Automate All your Exchange Rates with Standard Functionality

How to move to SAP S/4HANA in your cloud

An Executive’s Guide to Self-funding an SAP S/4HANA Migration

Become a Member

Upcoming Events

Mastering SAP Collaborate an SAP TechEd on Tour event

Share this Article

Vendors Mentioned

Key Topics Discussed

Invetech’s Digital Transformation Journey

Key Takeaways

⇨ Invetech partnered with Deloitte for a successful digital transformation, implementing SAP's S/4HANA Public Cloud to enhance operations and streamline manufacturing.

⇨ The transformation focuses not only on technology but also on empowering employees and redefining processes, fostering a culture of continuous innovation.

⇨ The project was completed in just 26 weeks, enabling Invetech to bring outsourced manufacturing in-house and synchronize its manufacturing and finance operations for improved efficiency.

Explore related questions

More Resources

Insights on migration to SAP S/4HANA in a hybrid world

SAP S/4 HANA: Automate All your Exchange Rates with Standard Functionality

How to move to SAP S/4HANA in your cloud

An Executive’s Guide to Self-funding an SAP S/4HANA Migration

Become a Member

Upcoming Events

Mastering SAP Collaborate an SAP TechEd on Tour event