Process Intelligence for life science and pharmaceutical industries

Improve time and efficiency across the board, from procurement to clinical trial initiation

• Reduce manual rework Resolve root causes such as outdated master data to increase labor productivity

• Leverage automation Use a data-driven assessment to spot automation opportunities, enabling continuous process improvements

• Speed up cycle times Create touchless invoices, POs and SOs

Accelerate cash flow to fuel R&D reinvestment

• Accelerate slow moving inventory Identify and resolve where inventory is getting stuck, increasing customer satisfaction

• Reduce excess inventory Update safety stocks based on actual consumption and replenishment trends

• Improve Days Payable Outstanding Prevent early payments, and payment term mismatches to make sure you pay on time, every time

• Optimize Days Sales Outstanding Accelerate collections through touchless invoicing, automated dunning notices and by prioritizing customers by their likelihood to pay

Protect and grow your business and its ability to drive positive patient and staff outcomes

• Improve on-time, in-full delivery Prioritize and action credit and delivery blocks for key customers making sure inventory keeps moving as expected 

• Reduce bad debt Use real-time, data-driven credit limits to assess credit risk

• Invoice every order Automatically surface and analyze old unbilled orders to accelerate invoicing and ensure on-time future orders

• Prevent underpayments Ensure customers always pay full invoice amounts and prevent customers from taking cash discounts too late

• Increase contract usage Decrease Procurement spend and ensure high spend under management