Are your lab managers constantly complaining about critical research delays because supplies didn’t arrive on time? As a biotech CFO or controller, you’ve likely witnessed how a single missing reagent can derail weeks of research, costing thousands in lost productivity and pushing back critical milestones. For growing biotech companies scaling from 50 to 250 employees,… Continue reading Biotech Procurement Automation: 7 Ways to Streamline Lab Supply Management
Biotech CFOs and procurement managers are losing sleep over the same nightmare: a compliance audit that uncovers serious procurement violations leading to costly penalties, compromised research integrity, or worse, patient safety issues. While your scientists focus on groundbreaking breakthroughs, your procurement team or lab managers are quietly battling a complex web of regulatory requirements that… Continue reading Biotech Procurement Compliance: How to Build Audit-Ready Processes Without Slowing Down Research
As a lab manager, you’re likely all too familiar with the frustration of tracking down missing reagents, discovering duplicate orders, or dealing with unexpected stockouts that delay critical research. If your lab is still relying on spreadsheets to manage supplies, you’re not alone, but your lab operations are also not operating at peak efficiency. Why… Continue reading Lab Supply Procurement Software: A Lab Manager’s Guide to Ditching Spreadsheets
As research budgets tighten and investor scrutiny intensifies, biotech CFOs can no longer afford to have financial blind spots. Biotech companies face unique financial challenges with their R&D-intensive operations, long development lifecycles, and complex regulatory requirements. Without proper spend visibility, these organizations risk misallocated resources, compliance issues, and cash flow problems that can derail promising… Continue reading The CFO’s Blueprint: Mastering Biotech Spend Visibility with ProcureDesk
“I Need This Reagent Yesterday” – The Real Cost of Manual Procurement in Biotech For scientists and lab managers, the wait for critical reagents isn’t just frustrating—it directly impacts research timelines and burn rate management. Yet many biotech companies still navigate procurement with spreadsheets and emails, creating daily headaches: The reality? Your scientists are doing… Continue reading 7 Ways eProcurement Software for Biotech Transforms Your Lab Operations in 2025
Biotech companies waste up to 15 hours per week on manual invoice processing. For growing life sciences organizations, this inefficiency isn’t just frustrating—it’s draining valuable resources that could be directed toward research advancement and extending cash runway. The problem? Standard AP automation solutions weren’t built with biotech’s unique challenges in mind. Lab supply invoices have… Continue reading Biotech AP Automation: Streamline Invoice Processing without adding headcount
If you’re a lab manager or finance leader at a life sciences company, you know the challenges of managing purchase orders without a streamlined system. Juggling POs across multiple tools—or worse, spreadsheets—can feel chaotic and unproductive. A tailored PO system for life science companies can eliminate the frustration, allowing scientists to focus on groundbreaking research… Continue reading PO System For Life Sciences Companies
A life science or Biotech company deals with many struggles, including long drug development life cycles. An inefficient life science procurement process shouldn’t be one of them. Whether you are a lab manager frustrated with tracking purchase orders in Spreadsheets or a financial controller struggling with poor cash flow visibility, the answer to these problems… Continue reading Improving The Life Science Procurement Process
Our post answers FAQs about lab procurement processes to help optimize workflows. We also review five popular lab ordering software for readers to compare.
In recent years, the biotech industry has seen significant growth and innovation. With this growth comes the need for efficient and streamlined processes, including the processing of invoices. Manual invoice processing can be time-consuming, prone to errors, and costly. This is where automation comes in. By automating the invoice processing workflow, biotech companies can improve… Continue reading Automating Invoice Processing in Biotech: A Step-by-Step Guide
Purchasing software for Biotech is a crowded market. Search for “Purchasing Software” on the G2 marketplace and find 185 listings. So, rather than spending endless hours searching the internet for the top purchasing software for biotech, we compiled a list of vendors to consider. We also provide a quick checklist you can use to compare… Continue reading Best 8 Purchasing Software For Biotech Companies
Suppose you are a lab manager dealing with purchasing or an AP manager dealing with delays in supplier payments. In that case, you need Biotech Procurement Software to automate the purchasing and invoice-matching. Do you struggle with any of the following: Dealing with multiple websites to place vendor purchase orders. Tracking purchasing orders in spreadsheets… Continue reading Biotech Procurement Software – Navigating Biotech Procurement Challenges
Is your team still using Spreadsheets for creating and tracking purchasing orders? Most Biotech or Pharma companies start their purchasing process with emails and spreadsheets. In the beginning, there are only a few scientists, and then the lab grows, and you need to purchase more lab supplies and capital equipment to run the experiments. At… Continue reading How To Order Lab Supplies: Without Spreadsheets And Emails
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