Within a year, a pre-revenue pharmaceutical company can experience tremendous growth as they enter phase 2b and phase 3 clinical trials, going from six employees to 60. This growth accelerates further as they add hundreds of employees and exit phase 3 clinical trials toward commercialization.
At the same time, they’re dealing with a dizzying mix of requirements around possible IPO, expansion, being acquired or acquiring someone else, commercialization, and globalization. All these things have the potential to take their attention away from the life-changing drugs or therapies they’re working to deliver.
Picking the right tools to guide the business through such monumental change is one of the most important decisions a pharmaceutical company will make. They need a partner who intimately understands the unique needs of pre-revenue pharmaceutical companies. One who understands how to extend far beyond process efficiencies and ensure compliance.
AdaptaLogix is a boutique ERP implementation and consulting firm devoted exclusively to clinical stage, pre-revenue pharmaceutical companies. With decades of experience in systems implementation and consulting in the pharmaceutical industry, the team understands what companies in this stage of growth need— often better than the companies themselves.
The first thing pre-revenue pharmaceutical companies need in an ERP system is robust financial functionality that will scale as the business grows. The company will need to automate month-end close, implement the reporting and controls needed to ease and ensure SOX compliance, supplier management, contract management, financial consolidation and planning functionality.
With SuiteSuccess for Pharma, AdaptaLogix implements this base financial functionality in as little as 90 days. The software and services are specifically tailored to meet the needs of pre-revenue pharmaceutical companies based on their current clinical trial phase, and to position the business with the sound financial automation and controls, as well as access to data for analysis, that will set them up strongly for the next stage of growth.
AdaptaLogix has also built out an Approvals module, which gives users portal-based access to view and approve transactions, applicable to both in-house and outsourced manufacturers.
Company: AdaptaLogix Industry: Pharma ERP implementation and consulting firm devoted exclusively to clinical stage, pre-revenue pharmaceutical companies Offices: Columbus, OH, New York, NY, Philadelphia, PA Solution: SuiteSuccess for Pharma Other Solutions: FP&A for Pharma, Supply Chain 1, and Supply Chain 2 |
Bundle | Functionality for Pharma |
Vendor Contract Management |
|
Approval Management |
|
GL String Validation |
|
Schedule an introduction today to learn when to prepare and what to prepare for.
Stay Informed
Sign up for our monthly newsletter.