Digital Transformation

Is Your ERP Holding You Back? Unleash Your Organization’s Innovation

by | Jan 11, 2024 | , , ,

You rely on your ERP system to support your life science business, but lately, you’re starting to question if it’s supporting you as effectively as it could. And you suspect that your ERP won’t be able support you in hypergrowth mode.   What are the warning signs that you’ve outgrown your current ERP system? As we’ve worked with biotech, pharma, and medical device manufacturing customers who are considering moving to a new ERP system, we've seen some familiar signals that affected their ability to reach the levels of growth and leadership they were seeking. Here are four signals that might be spotted in your organization, too. Four Warning Signs Your ERP is Holding You Back: Lack of flexibility Ineffective collaboration Lack of decision-making information Inaccurate data Get...

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Why ERP Implementations Fail (and How to Ensure Success)

by | Aug 8, 2023 | ,

Many of the biotech or pharma companies we work with start the relationship by asking why there is so much information out there on the high failure rate of ERP implementations? Why do we believe ERP implementation success rates are so low? Typically, the root cause of an ERP implementation failure falls into one of these categories: Point. Shoot. Aim. IT-driven Waiting room Enigma Point. Shoot. Aim. Refers to an approach in which the project charter is soft, or where the resource allocation is fluid, or where the ability to make the big decisions in a timely fashion is lacking. IT-driven. IT is a critical component of every ERP implementation, and often the IT leaders may have designed the first business solution the company used. Sometimes they’ve done so much work that the software...

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Merit Solutions helps growing life science companies make the Right Start 

by | May 2, 2022 | , , , ,

Pre-configured ERP offering provides customers an affordable point of entry without compromising on the long-term requirements of cloud, security, compliance, scalability, and industry-leading functionality.   “Ensuring customers can start with their last ERP solution first, means not having to handcuff growth because their system doesn’t keep up with their scientific success.”  Tanja Pajic, VP of Services, Merit Solutions Merit Solutions Right Start is Microsoft Dynamics 365, Merit for Life Science, and Microsoft Azure in a single deployment, natively integrated within a secure cloud platform. Merit Solutions announced today the availability of Merit for Life Science Right Start. Designed as an embed solution to Microsoft Dynamics 365, the solution includes the financial...

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Inceptor Bio selects Merit for Life Science with Microsoft Dynamics 365

by | Mar 23, 2022 | , , ,

Next-generation cell therapy developer digitally enables its operations in a cloud-first ERP solution designed specifically for Life Science. “We chose Merit because of the value their software and services will provide. Their biotech-specific software and their multi-phased implementation approach to helping new and growing organizations like us are game-changers.” Jason Lawrence, Senior Director, Finance at Inceptor Bio WHEATON, IL. MARCH 23, 2022 Merit Solutions today announced that Inceptor Bio, a company developing next-generation cell therapies for difficult-to-treat cancers, has selected Merit for Life Science with Microsoft Dynamics 365 to enable its operations digitally. This solution is deployed leveraging the security and scalability of the Microsoft Cloud to protect the...

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Five Top Reasons Digital Infrastructure Drives Biopharma Company Value

by | Nov 16, 2021 | , ,

Merit customers continually tell us that digital infrastructure is one of their major determinants of company value when they raise capital or get acquired. One Merit customer, a late clinical-stage biotech with an injectable aesthetics therapy, intimated that having Merit and Microsoft's digital infrastructure in place increased their acquisition price by $500M.  In contrast, last month, another late-stage, biotech that did not invest in necessary digital infrastructure lost $635M in enterprise value, dropping 39% in their stock price in one day. This drop came from FDA audit observations indicating a lack of control and data completeness, which caused their product not to get approved for commercial offering. (Incidentally, this was not a Merit Solutions customer.) How do you...

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Change Management and Merit Solutions: Perspectives and Practices

by | Aug 30, 2021 | , ,

You’ve been called to a meeting to kick off an ERP implementation. Executives are present, along with divisional leaders and a handful of the company’s brightest employees. The discussion kicks off with an executive who states: “Over the next 6 to 12 to 18 months, we’re going to change our current software. We’ll automate paper processes, build in protection to ensure passing FDA audits, and much more. All it will take is...” At this moment, you're not thinking about the SOPs or the warehouse handhelds. Like any great leader, you’re thinking about the impact on your people. How do you ensure that your team not only survives but thrives through the implementation of an ERP solution? Success hinges on change management as part of a well-managed project. Effective Change Management Change...

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