Skip to content

Gain Enhanced Financial Clarity with Sage Intacct for Biotech Industry and Pharmaceutical Companies

Set new operational benchmarks with the AI-based Sage Intacct ERP for biotech industry and pharmaceutical companies, an AICPA-endorsed accounting solution.

Automate your processes from lab to market, consolidate multi-entity and global operations within minutes and gain a complete view of your finances with real-time data.

Book a Demo 
Insights

Smart Financial Reporting For Sharper Insights

Get accurate, instant financial insights with the automation of operational workflows while maintaining data integrity, be it for clinical trials, regulatory compliance or quality control and distribution.

  • Explore data using interactive, visual dashboards with predictive analytic insights. Dimension reporting gives you the flexibility to categorize or add transactions as per your company’s requirements.
  • From inventory management to monitoring funds utilization for your research program, Sage Intacct ERP software for biotech industry enables you to do so seamlessly.
  • Compare profitability scenarios for your biosimilars and other drugs based on regulatory approvals, strategic partnerships or any other driving factor.

Automate Repetitive And Manual Tasks

Make your finance team much more productive by automating routine accounting tasks, saving time and resources to focus on strategic financial management and data analysis.

  • Find out how Sage Intacct ERP for biotech industry increases the operational efficiency of your company.
  • Eliminate the need for unnecessary data entry by customizing transactions and automating approval mechanisms.
  • Enable automatic routing and tracking with digital approval signoffs on transactions.
  • Automate not just billing workflows, but your funds, grants and revenue.
  • No matter how many entities you have, consolidate all of them within minutes.
  • Automated audit trails and smart revenue recognitions ensure you are always in compliance with regulations and accounting standards.
Automate-Repetitive-And-Manual-Tasks
Technology-1

Technology that Smoothly Connects With Other Systems

Build your technology stack with Sage Intacct as your core financial management system that promotes team collaboration and empowers your team to make data-driven decisions.

Integrate with hundreds of top-notch business applications using Sage Intacct’s open AI platform. Choose the right software suitable for your company and connect it with Sage Intacct.

Enhanced Visibility and Control for your Project Management Team

From investors to CXOs, everybody needs the numbers to measure the success of the projects. With project data all over the place, it becomes complicated to track costs and plan ahead.

With Sage Intacct cloud-based ERP and accounting solution for biotech and pharma companies, give your project managers complete control and visibility into project costs, timelines and resource allocation.

Project-Management-Team-1

Innovative Biotech Meets Financial Excellence with AI-enabled Sage Intacct ERP for Biotech Industry

Book Your Demo
Biotech1

What is ERP Software for Biotech Industry?

An ERP system for biotechnology companies is an end-to-end business management system that can easily handle complex workflows and transactions throughout the organization. Whether it is tracking funds for your R&D program, monitoring the cost of raw materials or gaining deep financial insights into your project performance, ERP in pharmaceutical industry and biotech sector offers 360-degree business control and visibility.

Why Do You Need An Efficient Biotech ERP Software?

In the highly competitive landscape of the biotechnology industry, it is necessary for manufacturers to ensure compliance with complex regulations while controlling costs and maintaining product safety and quality. With biotech ERP software, pharma manufacturers can monitor costs of R&D and clinical trials, automate billing processes, track revenue, and perform “what-if” scenario planning to drive strategic decisions, among others. Let’s take a look at the key benefits of using this software.

1. Financial Insights

Closely monitor cash flow and make sure your expenses stay within corporate budgets. Get an in-depth view of your company’s financial performance. Generate custom financial reports to track KPIs that matter most to you. In short, biotech ERP is your complete financial management solution.

2. Billing and Payment Automation

AP and AR automation enables you to process payments faster while minimizing billing errors, allowing your team to focus more on core activities. Faster, error-free payments and more accurate invoices improve supplier and customer relationships.

3. Inventory Control

For a biotech company, inventory purchase and stocking requirements can significantly vary depending on whether you are buying equipment and APIs for R&D, clinical trials or manufacturing. Biotech ERP software aligns exactly with your inventory management needs.

4. Project Management

Only a program manager knows how complicated it can get to monitor project costs, deadlines and regulatory approvals, especially when there are hundreds of products and raw material involved. No matter the complexity of your projects, ERP software for biotech industry simplifies it for you.

5. Regulatory Compliance

A biotech company in India must adhere to various regulations, whether it is CDSCO guidelines for safety and efficacy or DBT regulations for R&D. Biotech and life sciences ERP software ensures compliance with legal, accounting, operational and environmental standards.

6. Supply Chain Management

For a smooth supply chain, biotech and pharmaceutical companies must align their operations, taking into account the market demand, raw material purchase, production capacity, inventory and distribution, all of which is only possible with an ERP in biotech that supports seamless coordination.

Empowering Your Business with Industry-Focused Solutions

Whichever industry you operate in, your business has its own distinct requirements. Why then go with standard solutions? Sage Intacct is designed to meet the specific needs of your industry.

Financial Services

CA Firms

Software-as-a-Service

Professional Services

Hospitality

Biotech & Life Sciences

Wholesale Distribution

Franchise

Non-profit Organizations

Healthcare

Frequently Asked Questions

Sage Intacct is an all-inclusive financial and project management suite with custom features for biotech and pharma companies. From simple cost monitoring to complex billing and cost allocation, Sage Intacct ERP for biotech industry efficiently manages everything. Get rich financial insights and dimension-level tracking for all your transactions from a centralized, cloud-based ERP software. This means that you can analyze business performance from multiple perspectives. Whether you are a biotech startup or a publicly listed organization, whether you are a contract research organization (CRO), a large contract development and manufacturing organization (CDMO) or a contract manufacturing organization (CMO), Sage Intacct biotech and pharma ERP software has the right capabilities to ensure your success at every level of your business.
Sage Intacct fits in well with both. Most importantly, Sage Intacct is built to scale with your business volume. No matter what stage you are at in your growth journey, Sage Intacct provides you with all the right tools to make your journey smooth. Get comprehensive audit trails for your investors and auditors, and make financial decisions with confidence.
With the use of AI, Sage Intelligent Time gives each team member a time assistant that suggests time input cards based on their calendar, emails, and other activities. Through machine learning, the time assistant becomes increasingly intelligent and consistently enhances the speed and precision of your team’s timesheet. This smart feature improves accountability and productivity.
Accuracy, automation and customisation are essential components of a successful financial reporting solution, all three are areas in which Sage Intacct financial reporting shines. Reports can be grouped and sorted in almost any way by utilizing the general ledger’s dimensions. When done correctly, financial reporting can give your financial staff the information they need to shift from being overburdened with administrative duties to concentrating on strategic planning. Sage Intacct can manage your needs, whether you’re automating project reports for your project managers or generating numerous profit and loss reports.

Schedule Product Tour

"*" indicates required fields

This field is for validation purposes and should be left unchanged.