Business Insights

The Microsoft Cloud for Biotech and Pharma Manufacturers Just Got Better

by | Jul 16, 2021 | , , , , ,

Merit for Life Science just became more powerful because Microsoft today announced a new level of integration coming between Dynamics 365 (D365) and Teams. This includes Teams integration with Dynamics 365 sales, marketing, customer service, and field service workloads with operations to follow. Microsoft is essentially saying, “Use Teams as your front-end app for work, with everything else operating as a context-intelligent side pane within Teams.”  Merit for Life Science advances Microsoft's base business and productivity apps to fit the unique needs of pharma and biotech, so this announcement is especially powerful for our industry and our customers.  Multi-step Processes Get Mainstreamed Why?  In biotech, our customer acquisition process tends to be multi-step,...

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Top Five Features to Look for in an ERP for Life Sciences

by | Feb 21, 2020 |

This industry is broad and unique in many ways, mainly because it “develops” as companies go through the life cycle from pre-clinical phases to the approval or market phase. There are distinct requirements at each phase of the life cycle. Here are the top five features to look for in an ERP solution for Life Sciences. 1. Serial and Lot Number Traceability You hope the day never comes where your product has quality issues that trigger recall activities. But recalls happens, and when they do, fast and accurate trace and track capabilities are key because, when it comes to saving lives, every minute matters. Your ERP must have the ability to identify the location of every component whether it’s in stock, in finished goods or at a customer’s site. It also makes business sense to understand...

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Three Ways Regulated Organizations Can Improve Consumer Safety

by | Jan 25, 2020 |

FDA-regulated organizations have a lot of challenges that can and should be turned into opportunities. Have you ever asked yourself if you have the necessary IT infrastructure that allows your business to identify opportunities for growth? Today, for organizations serving the Life Science industry, which includes highly competitive biotech, pharmaceutical, medical device, and other regulated industries, remaining compliant while optimizing your manufacturing process to meet the demand is a tough challenge. This article takes a look at three ways regulated organizations can improve consumer safety. Investing in the right people, processes and technology can enable you to effectively sidestep some of the challenges while keeping you focused on the long-term goal. So how can FDA regulated...

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Achieving Digital Transformation with D365 and Merit for Life Science

by | Aug 16, 2018 |

The world of business is catching up to these changes and enterprises are now utilizing new technologies to remain agile, cut costs and better target growth opportunities. Knowing when to act, what decision to make, and how to handle your customers and employees becomes much easier if you have an intelligent, self-evolving system at your disposal. Microsoft Dynamics 365 is more than a set of solutions that lets you effectively run your operations – it’s a gateway to digital transformation and a system designed to handle unknown challenges as they come. Here are some of the technologies D365 leverages to ensure organizations across industries retain their competitive edge on any market: The Cloud Moving your operations to a cloud-based platform has countless benefits. A digitalized...

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How do You Know if Your Accounting Software is Outdated?

by | Jul 20, 2018 |

Maintaining long-term growth isn't simply about keeping things the same way as they were before you got to this point. Taking your business to the next level requires you to constantly evaluate the limitations of your organization so that you can recognize the right time to implement changes. Usually accounting and business management systems are the first ones to become outdated. Here are signs that signal you have outgrown the current system: Simply adding headcount no longer effectively resolves the issues you're experiencing with timely invoicing, nor does it substantially reduce the number of manual data entry errors You find yourself in need of increasingly frequent and complex reports while still experiencing data gaps Sales and customer satisfaction suffer due to incomplete...

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CapEx Vs OpEx: Cloud Computing

by | Apr 18, 2018 | ,

Traditionally, IT expenses have been considered a Capital Expenditure (CapEx). Today, with the move to the cloud and the pay-as-you-go model, organizations have the ability to stretch their budgets and are shifting their IT CapEx costs to Operating Expenditures (OpEx) instead. This flexibility, in accounting terms, is now an option due to the “as-a-Service” model of purchasing software, cloud storage and other IT-related resources. Cloud computing made simple When it comes to cloud computing, organizations now treat IT services as a utility like water: products or services supplied by a vendor that is paid for as you consume it. And while you and I may not know how to build or manage water treatment plants or distribution systems, we assume our vendor is providing us water that is safe...

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