Cloud-Based Solutions for Biotech & Pharma
Applying Technology Towards Business Growth
It’s difficult to predict the success rate of a Biotech company in today’s competitive market. Technology has been paving the way for innovators in the industry who are ready to evolve their infrastructure for better results. The implementation of Netsuite’s cloud ERP solutions allows your business to easily navigate the path of company growth with benefits like:
- Faster financial statement close.
- Real-time management of spend.
- Streamlined financial consolidation.
- Helping you to reach compliance standards (HIPAA).
- A 360-degree view of all operations.
- Robust internal controls and SOX compliance.
- Customizable platforms for your unique business needs.
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In recent years, IT spending in the Biotech industry is seeing a massive spike in numbers – which Gardner predicts will reach $54 billion by 2019 at a rate of 5 percent / year. Startups are growing at an alarming rate and need to be prepared for the road ahead, whether they decide to continue as a private company, go the route of IPO, or engage in a merger. Many Biotech companies are struggling to ensure stability as their growth requires constant updates and improvements to their management software. When you have the right partner in NetSuite and ERP implementation, they can ensure that your company’s business processes move along at the higher speed required to succeed in a thriving business.