Moderna Digitization Strategy

Moderna (A) we’re a technology company that happens to do biology. — Stéphane Bancel, CEO, Moderna

Moderna is a pharmaceutical and?Biotechnology Company based in?Cambridge, Massachusetts, which focuses on?RNA therapeutics, primarily?mRNA vaccines. These?vaccines?use a copy of a molecule called?messenger RNA?(mRNA) to carry instructions for proteins to produce an?immune response.

We are living in a unique time in which the world is changing faster than ever.

Moderna digital team works closely with their business counterparts, defining a digital way of operating that reduces unnecessary process complexity, uses AI to augment our analytics, and incorporating automation.

The basic of the digitalization is the cloud computing. Simply, cloud computing is the delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the internet (“the cloud”) to offer faster innovation, flexible resources, and economies of scale.

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The digital integration as Moderna includes looking for every opportunity to bring our processes and data together in a consistent manner, avoiding ‘silos of information’ and manual intervention. This flow of data between systems, internally and/or externally, enables the automation of our business processes and the real-time synchronization of our operations.

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?FOR OUR FOUNDATIONAL BUSINESS SERVICES (HR, Finance, Legal, and Infrastructure) we take advantage of the cloud and its multitude of software-as-a-service applications and infrastructure. This provides Moderna an optimized, simple-to-run and agile digital environment.

Automation of HR processes is key to our capacity to scale. We have invested in Workday, a highly capable human resources software platform.

?Moderna Implemented SAP S4 HANA as our ERP platform. This central core is tightly integrated with Workday. We also leverage external systems for expense management and automated invoicing, Host Analytics for budgeting and planning, and our own internally developed solutions. In addition to these extensive integrations, we are automating the P2P cycle with intuitive PO creation, vendor punch-outs, and mobile workflows for review and approval. Having SAP as a highly integrated system connecting finance with supply chain and manufacturing streamlines the workflows, provides time information for decision support, and allows enhanced tracking and forecasting, with a view to improve quality, efficiency, performance, productivity levels and scale.

?Benefits of Digitization

Moderna’s initial public offering (IPO) on 31st December 2018 was the largest biotech IPO in history. The company raised a hefty amount of $621 million through the sale of over 27 million shares.

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