Global Business Solutions
MSD’s representation in Prague includes a sizable part of its Global Business Solutions (GBS) organization. This group provides the enterprise with services and transactional support in various Finance and Procurement processes. It also offers effective and tech-savvy process ownership as well as leadership in operational excellence.
Global Business Solutions
Global Business Solutions (GBS) is an organization that provides high quality services to MSD entities around the globe. As an internal service provider, GBS offers its stakeholders an unwavering focus on quality, customer centricity and compliance.
Account to Report
Account to Report deliver high quality and compliant accounting services to the Local Markets. The Account to Report team is primarily focused on reviewing Balance Sheet reconciliations, supporting month-end activities, and driving high-quality financial statement review and certification.
Financial Planning & Analysis
The team provides sharp-minded analysis of sales, expenses, and operational results. For all MSD divisions, these are turned into highly accurate Profit and Loss (P&L) reports, budgets, and forecasts.
Source to Settle
Source to Settle consists of requisitioning, purchasing, book-keeping and payment of vendor service/goods invoices. The cycle starts with purchase order creation, continues with receiving goods/services, and ends with proceeding payment of invoices. Throughout the entire process there can be touchpoints with Vendor Master Data Management, which also resides within our function.
Order to Cash
Order to Cash, refers to the set of business processes for receiving and processing customer sales orders for goods and services, create billing documents such as invoices and credit notes, monitoring customers’ payment behavior and evaluating potential risk for the company, collecting the payments from customers and clearing these with customers’ invoices.
Card Admin, Meeting and Expense Management
The CME team manages expenses, corporate cards, and meetings. We ensure compliance with policies and sanctions screening. We handle transactions for events and support transparency reporting. Our team is essential to MSD’s data accuracy and compliance.
Other GBS Functions
In addition to operational teams that directly serve our stakeholders and customers, GBS also features various supporting functions that focus on organizational management and technology development.
