Three Tips for Digital Transformation in Life Sciences The decision to move to a next-generation ERP solution is a particularly important one in Life Sciences.…
Clinical trials are meant to determine whether devices, medications, or other developments in the medical field are safe for public use. These developments are at the cutting edge of the field, yet frequently, the trials to test their safety don’t incorporate the latest technologies (such as mobility).
Clinical trials are long, costly, and generally a huge undertaking for companies. Mobile devices can change that – they enable patients to participate remotely, saving money and time. That being said, mobile devices present some risks. Those risks can be mitigated, though. Read on to learn the risks of using mobile devices during clinical trials and how to mitigate them.
You know that mobile technologies can help field service technicians in the life sciences industry to be more efficient and productive as well as boost the company’s bottom line. However, it’s not enough simply to purchase several smartphones, tablets, or other mobile devices, give them to your field service techs, and hope for the best. Relying on a set of best practices when implementing mobile technologies makes the process much smoother – read on to learn what some of those best practices are.
When you think about mobile technologies, what most likely comes to mind is the concept of efficiency and increased productivity. What you might not realize is that mobile solutions can also boost a company’s profits or save money. This holds true of the life sciences industry. When field service technicians use mobile technologies, they can actually improve their firms’ bottom line – read on to learn more.
Is your Life Sciences company considering new financial management systems and processes? Whether you're preparing for Series A or B funding or managing financials for…
Life sciences companies are facing increased competition and experience periods of fast growth, especially after receiving FDA approval for a new product. As if that’s not challenging enough, there is increasing regulatory oversight which can be a distraction from core business processes. Early-stage and in-market life sciences organizations need more than entry-level software, but don’t need to invest heavily in costly ERP systems. Deploy a management solution that is flexible, agile and can support unique business operations today and well into the future.
Pharmaceutical, biotech, medical device manufacturers and other organizations in the life sciences industry provide life-changing products and value to customers. High quality products are expected and there is little room for mistakes, especially when a mistake can impact patient safety or health. Traceability requires close attention to detail and speed when a recall must be initiated. A digital business management solution will strengthen inventory management and the supply chain, as well as expedite the identification of each component with a quality issue.
As indicated in “Life Sciences: 6 Ways to Thrive in a Digital Future,” an eBook, minutes matter when it comes to saving lives. For life sciences organizations, managing quality issues for every component and every device is crucial, no matter whether they are located in house or at a customer site. Strong traceability requires close collaboration with supply chain partners and the ability to capture detailed product history documentation for each product. This level of data management simply can’t be trusted to spreadsheets or specialty software. Life sciences organizations need a unified, digital management platform, like MAXLife.
Successful life sciences businesses cannot rely on disparate, specialty software for very long. Without real-time, reliable data, companies simply can’t respond fast enough to deviations in plans or take advantage of new opportunities. A centralized, integrated business management solution will provide a single source of the truth, providing the data leaders need to make decisions that improve operations, boost productivity and profitability, and drive growth.
Are you evaluating a new ERP solution for your pharmaceutical, biotech, or medical device organization? Register now and join Michael Gesser, Chief Financial Officer at…