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Jonathan Corey Jonathan Corey

Often the jump from research to manufacturing is daunting. That’s why the selection of the right ERP system is so important in the life sciences industry.

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Moving to cloud-based ERP system sounds like a project for the CIO. But it is not. It actually is a company-wide project that requires buy-in and involvement from the CEO.

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Businesses depend on having the right information at the right time, ensuring that production meets demand, inventory levels are neither too high or too low, and customer expectations are met.

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Vendor invoicing approval becomes a bigger issue when there are many of these invoices to be approved each month. There is a better way: accounts payable automation through an enterprise resource planning (ERP) system.

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For finance departments that are still relying on spreadsheets and reports from various departments within a company, the added visibility from a cloud-based ERP system is a game-changer

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ERP systems are complex and marry deeply with your business processes, even cloud-based ERP solutions built as turnkey solutions. This makes ERP evaluation tricky, because you first must have a solid grasp of the needs and current situation of your business. Here’s where you should start.

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For life science firms, there’s an additional reason to consider a prepackaged ERP solution: Cutting the cost of FDA validation.

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ERP validation sounds complex, but really it is simple: Does the software perform as specified? “The definition of software validation is that it is documented evidence that the system is installed and set up as intended,”

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