The proposal of implementing a business model entailing the digitalization of the ARM system of Incepta Pharmaceuticals Limited

Abstract

This is the internship report based on the three month long internship experience that was gained upon working on a business model dedicated towards improving the Accounts Receivable Management (ARM) designated to the treasury wing of the Finance & Accounts Department of Incepta Pharmaceutical Limited. The report initially discusses the background of the pharmaceutical industry and the profound level of success gained by Incepta Pharmaceutical Limited (IPL), then the report goes into discussing the structure of the distribution and the IT system of Incepta. Then the report goes into the possible scope of implementing the SD Module of the SAP software within the depots so as to gain from the benefits of decentralization. The paper also recommends the usage of two software- BillQuick & Izitru so as to gain efficiency in the management of its new system. A systematic cost and benefit analysis is done to evaluate the effectiveness of the entire business model. Based on the findings from the cost and benefit analysis, NPV analysis is done to justify the likelihood of future benefit on behalf of the company. The report concludes giving some recommendations for the betterment of the company.