Enable better controls by leveraging NetSuite to actively manage your budget and spend as you go through clinical trials. Establish robust and trustworthy SOX controls as you prepare for an IPO. With NetSuite, your Life Sciences journey will be more efficient and secure.
Fully automated purchasing process that follows pre-determined spending limits and company approval policies. Extensive spend management controls to drive better decision-making.
Spend tracking by Project, Trial, Drug or any other parameter needed to effectively run the Biotech firm. Advanced Expense Allocations to enable maximum accuracy when producing financial statements.
Strong General Ledger controls to enable compliance in preparation for an IPO. Budget vs. Actuals reporting including the ability to schedule the delivery of reports from NetSuite.
Project Management, including timesheet entry, resource management and resource allocation. Fixed Asset management and automation for lab equipment, machinery or other capital purchases.
Preparation and launch of commercial operations. Support of commercial operations when working with Contract Manufacturing Organizations (CMO) and other third parties.
SuiteSuccess certification for all Biotech-related NetSuite SKU’s, including Advanced Financials expertise for complex scenarios such as international and multi-currency environments.
Experience with integrations between NetSuite and key systems such as Prendio or Coupa. Strong expertise integrating with Budgeting and Planning products such as PBCS, Solution 7 and Adaptive Insights.
Once it became clear that our implementation needed outside support, we selected SquareWorks because they demonstrated they understood our situation and had been there before with clients.
Kris Ward, Director of Procurement, Orchard Therapeutics