Overcome regulatory, R&D, inventory, and scaling challenges with a simplified solution built for your growth.
At Folio3, we have been serving the industry for around 20 years. Our clients are our major referrals because of the quality service we provide. We have 50+ Chartered Certified Accountants and 10+ solution architects who understand the financial and technical problems of the biotech and pharma industry. Whether you need to scale quickly or need a custom NetSuite solution to manage your operations, we’ve got you covered.
Biotech and pharma companies face unique challenges like managing research & development costs, ensuring regulatory compliance, tracking complex inventory, and scaling operations efficiently. NetSuite helps simplify these tasks by integrating financial management, compliance tracking, inventory control, and product lifecycle management into one system. This reduces errors, improves decision-making, and speeds up time-to-market for new products.
Switching to NetSuite ERP will ensure compliance with FDA, HIPAA, and GxP through built-in audit trails, validation processes, and compliance tracking. With NetSuite, your business can eliminate fragmented systems, and you can focus on global expansion with multi-subsidiary and multi-currency capabilities.
Real-time financial tracking, reporting, and auditing to streamline operations.
Optimized production and supply chain management for life sciences.
Manage global subsidiaries, currencies, and taxes from one system.
A 360-degree view of customer interactions for better service.
Integrated budgeting and planning to support strategic decisions.
HIPAA-compliant with strong encryption and access controls.
Biotech and pharma companies face challenges like managing research and development, following strict regulations, tracking clinical trials, and handling sensitive inventory. Folio3 helps biotech and pharma businesses by connecting the following modules to your existing systems, making it easier to manage finances, track inventory, stay compliant with regulations, and improve operations across the board.
With a reliable financial management system, you can gain real-time insights into the financial and operational performance of your biotech and pharmaceutical operations. Additionally, you can automate transaction processes for greater efficiency. Complying with industry regulations, establishing strong controls, and maintaining audit trails for transparency and accountability are essential for reducing risk and increasing profitability.
NetSuite allows you to centralize procurement, optimize inventory management, and streamline supply chain operations for biotech and pharmaceutical companies. With features like vendor collaboration and advanced analytics, you can make data-driven decisions, strengthen partnerships with suppliers, and gain better control over your production and distribution processes.
Manage raw materials and lab supplies inventory across multiple locations, track lot numbers and expiration dates, automate order allocation, and streamline batch handling while ensuring compliance with biotech and pharma regulations.
Connects various systems used by biotech and pharmaceutical companies to optimize supply chain management, reduce operating costs, and enhance revenue. Integrates financial reports, inventory, and pending orders with real-time data, offering better visibility into production capacity, resource utilization, and compliance with regulatory requirements.
Integrates and simplifies all aspects of customer interactions, from marketing automation and sales tracking to customer service and order management. Offers tools for contract renewals, incentive compensation planning, and accurate product configuration, pricing, and quoting (CPQ). Centralizes data, automates processes, and improves efficiency to improve sales performance, handle complex incentive plans, and ensure alignment with customer needs and team goals.
Consolidate data from NetSuite and other systems to create a unified view of your operations in the biotech and pharmaceutical industry. By simplifying data management and integrating various data sources, you can streamline your processes and ensure better accessibility to key information. With AI-driven insights, you can make faster, more informed decisions, improve efficiency, reduce costs, and enhance overall performance in areas like research, production, and distribution.
Providing visibility into inventory needs, optimizing stock levels, and refining production schedules, it ensures timely fulfillment of raw materials, reagents, and components based on demand and BOMs. With features like what-if scenario planning, a planner’s workbench, and supply allocation, it helps biotech and pharma companies reduce costs, prevent shortages, and maintain compliance. It also integrates data across the organization to streamline production, improve inventory management, and support on-time delivery of critical products at optimal costs.
If your biotech and pharma business needs ERP implementation, integration with existing applications, or ERP customization, our NetSuite-certified consultants are here to help you. Your biotech and pharma business can have a comprehensive, personalized, and industry-specific solution for all its needs and pain points.
We offer post-deployment NetSuite managed services, including module implementations, workflow customizations, and bug fixes. Our specialized team provides personalized NetSuite support for any industry.
Connect your NetSuite with any platform of your choice and increase customer retention with an integrated CRM for managing contracts, subscriptions, and renewals. For communication, use mailing system integrations to streamline and manage interactions effectively.
NetSuite helps you track research and development costs, manage data from clinical trials, and organize research efforts, making it easier to move projects forward efficiently.
NetSuite streamlines inventory control by tracking stock levels, managing lots, and improving order processing, which is crucial for managing sensitive pharmaceutical products.
NetSuite helps manage your entire supply chain, from procurement to warehouse management and demand planning, ensuring that products reach the market on time and meet quality standards.
NetSuite pricing includes an annual license fee, and the implementation cost depends on the complexity of your business needs. Our consultants can provide a quote tailored to your company.
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