AdaptaLogix elevates approval workflows with software enhacing what NetSuite has to offer with built-in audit controls.
Enhanced Approval Workflows
AdaptaLogix approval workflows allow users to define approval rules in which multiple approvals from various departments or entities are required before transactions impact the general ledger or cash flow.
Key Features
Authority Matrix
Maintaining a proper authority matrix is crucial to small organizations that are public or will IPO soon. Set up your authority matrix with effective cost limits and proper delegation to maximize efficiency in conjunction with compliance.
Approval Notes
Contextualize approvals and streamline communication with approval notes in your workflows. Explanations for approval or denial of a request are captured and recorded to serve as a future point of reference.
Separation of Duties
Establish the necessary controls on funds to prevent fraud, error, and theft. Whether it’s approval of entries, deposit slips, payroll or vendor invoices, the separation of duties built into our system facilitates thorough internal controls.
Routing and Approval
The approval routing pages allows you to establish and select the process expense reports go through your approval workflows. Set thresholds for elevation, and easily onboard new employees.
Auditability and Audit Support
Benefit from easily accessible cloud-based data, ease of entry, increased processing time, task automation, and enhanced reporting and analysis capabilities.
Scalability
A viable drug candidate can thrust an organization into growth at breakneck speeds—and its contracts and accounting complexity are no different. As the number of purchase orders, contracts, and invoices increases, you’ll have peace of mind that our system will always meet your demands.
“Forge Biologics selected AdaptaLogix as our NetSuite implementation partner because of their deep biotech experience. The AdaptaLogix team already knows and understands the issues important to our organization and have helped us avoid problems other integrators wouldn’t have even been aware of. We didn’t have to ‘train’ AdaptaLogix on our processes—on the contrary, they helped us refine and implement best practices that make us more effective and enable us to deliver greater value and higher quality for our clients.”
Steve Goden, Senior Vice President, Forge Biologics
“James's experience and the team's experience at AdaptaLogix certainly helps. I mean, they understand the nuances of the pharmaceutical industry and our business model. They help design and tailor the system to meet our current needs, always with an eye towards what the company will need in the future, certainly as we hope to approach commercialization as a company. Really, that experience and guidance is invaluable in an ERP implementation.”
Chris Degnan, CFO, Galera Therapeutics
“I think the biggest benefit for us is the knowledge that AdaptaLogix provides. Their team has a lot of experience within the pharma industry. We really value their consulting advice, and they always have solutions to any problems that we run into. They're extremely helpful, as well, when we're deciding on any system enhancements or upgrades. Specifically, because AdaptaLogix works with a lot of clients who are similar to us, they're able to provide us with input on what has worked well for companies who are in a similar position to us.”
Lauren Piunti, Associate Director of Finance and Operations, Nabriva Therapeutics
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