Your requested resource is on it's way >>
For CFO's and Controllers of Small and Medium Sized Companies
Cerebral Case Study: Improved cash flow visibility without adding headcounts
Cerebral Therapeutics is a clinical-stage, venture-backed startup in the life sciences space, aiming to be the first company to bring a direct-to-brain delivered epilepsy drug to market. As with many start-up companies, Cerebral Therapeutics is developing a lot of its processes from the ground up, and evolving these as the company grows.
Focussing on multiple industries including hospitality, member-based associations, schools and municipalities, TxtSquad is leveraging artificial intelligence to create meaning and value through SMS.
When we started with Guy, the company had implemented manual spending processes, from POs generated on Microsoft Word to Excel sheets for tracking expenses. With the growth, the manual processes were no longer sustainable.
After implementing ProcureDesk, Cerebral was able to eliminate manual purchasing and invoicing processes. The company saw significant financial savings by reducing the time and personnel dedicated to these tasks.
Cerebral now has complete spend visibility into their commitments and cash flow needs.
For life sciences companies like Cerebral Therapeutics, it’s essential for management to know the cost of various stages of drug or device development and the overall cost of bringing a treatment to the clinical trial phase. This allows for planning, forecasting, and budgeting for the next drug, device, or indication.
Enhanced Spend Visibility with no additional headcount.
“If you’re a startup or a small company without a fully integrated ERP, ProcureDesk is just such an obvious choice, because otherwise you’re keeping manual systems and hoping that they won’t kill you from an efficiency or accuracy point of view.”