This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Exact Sciences “Goes Live” With SAP® Business

Answerthink, a division of The Hackett Group, Inc. (NASDAQ:HCKT) focused on providing and supporting SAP ® solutions, today announced that while leveraging SAP's fast-start implementation approach, it has delivered a successful go-live implementation of EzLifeSciences™, a qualified SAP Business All-in-One partner solution for the life sciences industry, at Exact Sciences Corporation.

Exact Sciences, headquartered in Madison, Wisconsin, is a molecular diagnostics company focused on the early detection of colorectal cancer. The company is developing a non-invasive, molecular screening test which is designed to detect both colorectal cancer and pre-cancer. Stool-based DNA (sDNA) technology is included in the colorectal cancer screening guidelines of the American Cancer Society and the U.S. Multi-Society Task Force on Colorectal Cancer.

Exact Sciences wanted to simplify its business processes through the use of an integrated solution that would provide functionality including the automation of routine or repetitive tasks and the reduction of duplicate, manual and paper-based processes. In addition, it wanted to standardize its data and processes while aligning functional activities with overall corporate strategic goals. Lastly, Exact Sciences wanted timely consolidation of financials with the ability to use a single database across the enterprise for business analytics and performance measurements.

The implementation of the SAP solution was completed in 11 weeks, and included base functionality in the following areas:

  • Finance - general ledger, account payables and product costing
  • Materials Management - purchasing (including PR release strategy), approved vendors through source lists and inventory management
  • Production Planning - from forecasting material requirement planning to manufacturing
  • Quality Management - product release
  • Sales & Distribution - limited sales order management (FOC) and returns processing

Exact Sciences Corporation went live with an FDA-validated solution on-time and on-budget.

“As a small company with very limited ERP experience and limited business processes, implementation of an enterprise application can be seen as challenging,” said Jay Schiestle, senior director of Operations, Exact Sciences Corporation. “Our Answerthink partners had not only the SAP solution expertise, but also deep business experience that benefited us tremendously during implementation. Answerthink’s flexibility and willingness to tailor its approach to our needs was critical in helping us achieve a very challenging implementation timeline.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs