NetSuite for Life Sciences Companies
NetSuite ERP is the go-to choice for small & medium pharmaceutical and life science companies. It caters to integrated financials, fund management, supply chain, inventory, quality control and manufacturing in a SaaS cloud-ERP package, eliminating countless spreadsheets and deficiencies of QuickBooks or other on-premise options.
NetSuite ERP enables life sciences, biotech and pharmaceutical businesses to spend less time on activities like inventory management or the month-end close and more time on revenue generating activities.
NetSuite provides an integrated view of core business operations, comprehensive financial management, robust real-time reporting and analytics, unprecedented integration capabilities, and more via a single fully-integrated cloud-based system.
Powering over 36,000+ organizations, NetSuite enables life sciences, pharmaceuticals, and biopharma firms to scale their business performance, gain transparency into their business in real time and reduce complex processes.
Considered as the top pharmaceutical ERP software in the market, NetSuite standardizes lot control and compliance, enables multiple entity management and consolidation, gives real-time, accurate visibility into inventory, assembly, and supply chain management.
NetSuite allows pharmaceutical organizations to streamline the production process and maintain regulatory compliance, while getting on the right track for future acquisitions and IPOs.
Why NetSuite for Life Sciences?
Decrease manual efforts by automating key business processes and repetitive tasks within NetSuite. Quickly close the books, automate financial controls, and streamline operations so you can focus on generating revenue.
An effective life science ERP system needs to adapt to life cycle phases such as going from R&D to having a marketable product to undergoing an IPO. NetSuite scales and adapts every step of the way.
Grants & Funding
NetSuite is preferred by grantors due to its audit capabilities, and is attractive to Private Equity investors. Life science firms running NetSuite have a better change of securing funding and investor interest.
With NetSuite, life science businesses can enjoy customized and role-specific dashboards, reports, saved searches and more to help you track KPIs, manage projects, and attract investors.
NetSuite is a true-cloud ERP system making it accessible anytime, anywhere. It’s the perfect solution for businesses with complex operations or intentions to expand globally.
Get real-time visibility into supply chain, inventory, and assembly while enjoying robust lot control, streamlined procurement, and customizable workflow routing.
ScaleNorth’s NetSuite Implementation Process
We’ll work with your team to identify the current state of your data, the ideal state for going live on NetSuite, and how we’ll get from A to Z. This phase of the NetSuite implementation will involve discovery, scoping, and solutions architecture.
Based on the agreed upon requirements and vision, ScaleNorth’s team of NetSuite implementation specialists with setup, configure, and optimize NetSuite.
Whether you’re migrating off of spreadsheets, QuickBooks, or any other collection of systems, we’ll take a secure and low-risk approach to migrating your data to NetSuite. We’ll preserve historical data and adhere to strict security standards.
To ensure a successful go-live, we’ll work with your team to ensure that all key aspects of the NetSuite implementation are set up and working properly including dashboards, workflows, integrations, logic and more.
Getting used to a new system can be daunting for some employees. We’ll make sure staff members know what they need to do and how they need to do it so you can hit the ground running with your new ERP.
The time has come! We’ll get your business live on NetSuite while ensuring a seamless transition from the old system.
Post go-live, your team might identify areas for improvement or optimization that were not identified in the project planning phase. Our NetSuite consultants can provide any post-implementation support to get you exactly where you need to be.
Used by more than 34,000 customers, NetSuite helps life sciences organizations to improve visibility and remain agile while enjoying superior manufacturing resource planning and better supply chain management.
Features of NetSuite for Life Sciences:
Advanced Finance & Accounting
Human Capital Management
Batch & Lot Tracking
Regulatory Compliance Management
Supply Chain Management
Shop Floor Control
Planning & Scheduling
How long does it take to implement NetSuite ERP?
NetSuite implementations can vary drastically in timelines and scope. However, many NetSuite customers see an average of three months for a successful NetSuite implementation, which is much shorter than the ERP industry standard of a year and a half.
Factors such as the requirements of your business, the existing software you need to integrate, your internal employee availability, and how much customization is needed will all affect the timeline and scope.
83% reduction in implementation time
compared to the ERP industry standard.
Signs your business is ready for a NetSuite implementation
- Aggressive revenue targets
- Industry specific operational and accounting requirements
- PE funding or liquidity event
- Outgrowing existing tech stack
- International operations, franchises, or other complex structures
- QuickBooks not cutting it
ScaleNorth is a premier NetSuite Solution Provider that provides NetSuite sales, implementations, customizations and more. We’ve helped a number of pharmaceutical and biotech companies decrease overhead, simplify manufacturing operations, optimize the back office and fortify their bottom line by adopting NetSuite.
Consult a NetSuite Life Sciences Implementation Partner Today