Pharmaceutical, biotech, medical device and other life sciences companies are under increasing pressure to succeed in a highly competitive and regulated marketplace. There is no room for error, especially when delivering life-changing products to customers. An integrated business platform for ERP, CRM and BI can optimize operations, support all phases of growth and deliver the very data needed to succeed.
Life sciences organizations require more control over processes and data than what many standard enterprise resource planning (ERP) systems can support. In our ebook, “6 Ways to Thrive in a Digital Future,” we highlight how a life sciences digital transformation provides regulated companies with a strong foundation for growth.
In this ebook, we explore six ways early-stage companies and high growth companies will benefit from a digital transformation, including:
- Process automation: Manual processes are a time-consuming distraction from other more profit-producing tasks. Modern management solutions offer workflows, data integration and other automation that streamline and add consistency to common processes.
- Agility: Life science companies undergo big changes after product approval. Be prepared to work efficiently with global resources and remote teams with integrated, centralized information across operations.
- Compliance management: A digital platform provides a single source of information across operations and the product lifecycle. Track testing, certification and product approvals; maintain documentation from cradle to grave; and, identify serial and lot numbers by component and finished products.
- Business intelligence: A robust management system will provide built-in business intelligence and reporting features that highlight performance, operational outcomes, research and development costs and other key metrics that support data-driven decisions.
- Strong supply chain: Strong traceability is essential for audits and, more importantly, recalls. A digital management system supports regulatory compliance and provides serial and lot traceability throughout the entire supply chain, including at the customer site.
- Lower costs: Startups or growing companies need to focus on life-saving products, not staffing an IT department. A cloud-based management system provides a lower cost of ownership and supports best practices for a growing business. A reputable cloud-partner, with industry knowledge, will provide an environment that prevents tampering with electronic systems and results.
Deploy the technology that will support your growing business in a fast-paced, competitive marketplace. Download our Life Sciences Digital Transformation eBook and contact Merit Solutions for more information about MAXLife365, a comprehensive ERP solution that is extensible and scalable, validation ready, and can be rapidly deployed at the fraction of the price of other specialty systems.
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