Using ERP to Accelerate Growth in the Life Sciences Market

The life sciences industry is steadily growing and attracting billions of dollars in venture capital each year as companies develop solutions to help cure diseases and improve quality of life for patients worldwide. However, whether you’re developing new drug therapies, designing innovative medical devices or creating more accurate medical diagnostic tools, life sciences organizations have complex technology needs.

For example, in the startup phase, many life sciences companies utilize manual and spreadsheet-based business processes with very minimal technology infrastructures. However, as companies grow and begin the regulatory approval process, needs quickly change, and cloud ERP solutions like NetSuite can help keep pace. With NetSuite, companies can manage common challenges while gaining real-time visibility into expenses and revenue and effectively managing financial consolidation, project reporting, cost management, internal controls and compliance. 

Read more on how cloud ERP can help growing life sciences companies achieve sustained growth and success.