Practical tips for procurement and finance
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
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
Do you worry a lot about making timely payments to your vendors, reducing your business risk of fraud, and improving your cash flow? You need to streamline your accounts payable process to achieve all of these. This blog will uncover what it means to have a streamlined accounts payable process for your business and how… Continue reading Master the Accounts Payable Process: Strategies for Effective Financial Management
Procurement compliance can be a challenge for both leaders and controllers of organizations, regardless of their size. If you ask a procurement professional, procurement compliance is a process by which they measure if the purchases happen as per defined corporate Spend or the purchasing policy. Procurement compliance is measured as Spending under management with preferred… Continue reading Procurement Compliance For Controllers And CFO’s
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
Are you confused between invoices and purchase orders? In the business world, these official documents help bring your business smooth operations and financial clarity. Although, it’s a common scenario for people to confuse themselves with both of these documents. While these terms might seem interchangeable at first glance, they play distinct roles in the procurement… Continue reading Purchase Order vs. Invoice: Understanding the Key Differences
Do you spend hours daily processing your invoices, chasing down supplier payments, and reconciling accounts? If so, you’re not alone. Accounts Payable can be one of any modern business’s most time-consuming and error-prone tasks that decreases your operational efficiencies. There’s no doubt that Netsuite Accounts Payable Software offers some relief to it as it can… Continue reading Simplifying AP with ProcureDesk: A Netsuite Automation Solution
Managing your accounts payable KPIs is the only thing keeping you from successfully managing your accounts payable (AP) department vs drowning in numbers and spreadsheets. The financial health of your organization is critical. From handling vendor invoices to managing invoice approval workflows to ensuring timely payments, your AP department plays a crucial role in maintaining… Continue reading Mastering Accounts Payable KPIs: A Complete Guide
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