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
Bonus: Purchase Order System Checklist When it comes to a Purchase order system and its features, it is a buyers market. Just do a quick search on Google for Purchase order software or see the listing on Capterra. You would see that there are hundreds of systems categorized under the purchasing system category. Each purchase order… Continue reading Purchase Order System – 17 must-have features
Wondering how you can automate the accounts payable process using QuickBooks Online or QuickBooks Enterprise? After helping 100’s of customers, I think we are qualified to answer this question. In this article, we will cover the core capabilities of QuickBooks and to what extent you can use those capabilities to automate the accounts payable process.… Continue reading Can QuickBooks Automate Accounts Payable?
Bonus Material: Purchase Order Software Checklist Struggling with implementing a purchase order process with QuickBooks and want to know your options? Is your team tired of manually creating purchase orders and tracking them in Spreadsheets? Then following this EXACT process and cut the time spent on purchase orders by more than 50%. This is… Continue reading Purchase Order Software QuickBooks – Options and Alternatives
Yes, both QuickBooks Online and Enterprise have a purchase order system. Here is a sample purchase order created in QuickBooks Online: The challenge is that it is very limited in scope and most of the growing companies are unable to use the purchase order module effectively. The purchase order system is designed for small companies… Continue reading Does QuickBooks have a purchase order system?
Does QuickBooks online have an approval process? The short answer is No but with a qualification! QuickBooks online Advanced has recently introduced the concept of workflows that allows you to route documents for review before they are sent out. The workflow is only limited to customer invoices at this time: You can pick and choose… Continue reading Does QuickBooks online have an approval process?
Is your accounts payable department looking for the best ways to take control of your organization’s financial health? If so, then you’re in the right place. Spend analysis is the secret to helping your organization maintain financial health, ensuring you make informed and strategic decisions to drive growth and savings. This resource aims to become… Continue reading Spend Analysis: The Complete Guide to Savings Opportunities
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