Life Science Software – Business Management tools for the Biotech field

As consumers and the regulatory landscape evolve, life sciences companies must adapt to remain competitive. Digital software packages can have a major impact to the growth of global life science companies in the following ways; reduce costs, increase speed to market, pursue global growth, and transform compliance.

Software for life sciences companies

A life science company who strive to succeed in the field and compete with the best will have most if not all of the following modules as part of their software package.

Life sciences companies face a complex set of business questions, including:

• Accounts Payable & Receivable
• General Ledger
• Budgeting
• Project management
• Project / job costing
• Document management
• Asset or equipment management
• Quality Control
• Inventory Control
• Materials resource planning
• Work order management
• Purchasing and supply chain management
• Payroll
• Human resources

Although, it is important to remember to build your software package in accordance with your businesses direct needs.

Benefits of Life Science ERP systems

The Life Sciences industry is unique in many ways, especially because it “evolves” as companies go through the life cycle from pre-clinical to market. Each phase of the cycle has its own unique requirements which commonly come back to the same features;

• Compliance – with regulatory standards
• Traceability – in the event of product recall or quality testing.
• Real time access to information
• Support for collaboration
• Strong quality and test management
• Cost management
• Commercialization Support