6 reasons why pharmaceutical companies need NetSuite
Pharmaceutical companies are in need of a robust, scalable and efficient ERP platform to manage their day-to-day operations. The lackadaisical approach toward managing patient records with multiple tools only leads them to more complications than before.
ERPs offer an integrated solution for all types of administrative tasks including finance monitoring which is crucial when it comes down to how much money can be made by each employee within your organization.
To meet all these demands, Oracle NetSuite has created an ERP solution based on ‘True cloud’ which offers all essential features for today's modern hospitals at any scale with unmatched scalability in mind!
A brief about NetSuite
Back in 2016, Oracle Corporation had acquired Netsuite for around $109 per share or a total value of $9.3 billion. It was one of the biggest acquisitions in Oracle’s history. It was (and is) also something that runs synonymous with cloud technologies. It is a cloud-based ERP software that manages an entire business operation and runs it across various departments like accounting, finance, customer relationship management (CRM), eCommerce, inventory management etc.
It’s a complete business management software suite that helps organizations automate and streamline their business processes. It offers a wide range of features and functionality, making it an ideal choice for businesses of all sizes. The ERP system is easy to use and can be customized to meet the specific needs of your business. It is also scalable, so you can grow your business without having to upgrade your software.
One of the key features of NetSuite is its focus on stock management and expiry dates. This is a critical aspect of the pharmaceutical industry, where expired drugs can pose a serious health risk. With NetSuite, you can easily track and manage your inventory, ensuring that you always have the right products in stock.
This is only one of the many benefits that Oracle’s ERP system offers to businesses. Let's look at how it helps other businesses thrive.
How Netsuite is benefiting businesses all over
Today, businesses need to assess whether their existing operations for accounting, sales, service and other functions are effectively supporting the growth of their business. If not, they need to find a way to quickly change course. This is where NetSuite comes in.
It provides businesses with the agility they need to quickly respond to changes in the market. It offers a suite of cloud-based applications that can be easily integrated, so businesses can run their operations more efficiently and effectively.
The ERP system also offers businesses the ability to customize their applications to meet their specific needs. This means that businesses can tailor their operations to match their unique processes and workflows. As a result, they can improve their efficiency and productivity, while reducing costs.
The ERP system also provides businesses with real-time visibility into all aspects of their operations. This enables businesses to make better decisions, faster. As a result, they can improve their customer service and drive more sales.
All of these benefits add up to one thing: NetSuite is helping businesses all over the world thrive. If you're looking for a way to improve your business operations, Oracle NetSuite is a great place to start.
Well, with this we cover how NetSuite is helping businesses all over to connect their resources. But, it's time we zoom in and take a deep look at specifics of how it is empowering pharma companies.
Benefits of Netsuite to pharma companies
The pharmaceutical industry is no stranger to stringent regulations. In fact, it's one of the most heavily regulated industries in the world. This means that companies must have systems in place to ensure compliance with all applicable laws and regulations.
With NetSuite in place, they can be confident that their business operations are compliant with all relevant regulations. This includes the FDA's Good Manufacturing Practices (GMPs) and the European Union's Good Distribution Practices (GDPs).
The ERP system also helps pharmaceutical companies to manage their inventory more effectively. Here are some key advantages of integrating NetSuite in pharmaceutical companies:
1. It's an all-in-one flexible solution
NetSuite is a complete business management software suite that can be easily customized to meet the specific needs of your business. This means that you can tailor your operations to match your unique processes and workflows. As a result, you can improve your efficiency and productivity, while reducing costs.
In addition, it provides businesses with real-time visibility into all aspects of their operations. This enables businesses to make better decisions, faster. As a result, they can improve their customer service and drive more sales.
2. Offers diverse features and capabilities
Oracle NetSuite offers a wide range of features and capabilities that are not available in other software programs. This includes the ability to manage everything from sales and marketing to manufacturing and distribution.
With Oracle’s ERP system, you can easily track and manage your inventory, ensuring that you always have the right products in stock. This is especially important in pharmaceutical companies where expiration dates are a critical concern.
3. Can be customized to specific needs
NetSuite is the perfect solution for pharma companies of all sizes. It can be customized to meet your unique needs. This means you'll have an easier time improving efficiency and productivity while reducing costs!
Healthcare businesses also get real-time visibility into their operations. This allows them to make better decisions faster so they're able to serve customers better and drive more sales without any hassle at all.
4. Scale your business without any hassle
NetSuite helps you scale your business model by giving you the ability to manage an ever-growing customer base and product catalogues. With Oracle’s ERP system in place, there’s no need to worry about complex integrations or managing different software programs. All of your business data is consolidated into one system, so you can make decisions within a snap of your fingers.
It also offers a wide range of features and capabilities that are not available in other software programs. For example, its “Advanced Shipping module” gives you the ability to manage your shipping processes from start to finish. With this module, you can create custom shipping labels, track shipments, and generate reports.
The software is designed to be user-friendly, so you and your team can get up and running quickly. And if you need any help, its customer support team is always available to answer your questions.
5. A service like no other!
NetSuite's customer support team is available 24/7 to answer any questions you may have. They are also committed to helping you get the most out of your investment by providing training and guidance when needed. Also, they offer a wide range of resources, such as user guides, videos, and online help forums.
If you’re looking for a complete business management solution that can help you streamline your operations and improve your bottom line, then Oracle NetSuite is the right choice for you.
6. Streamlined Stock Management system
In the pharmaceutical industry, it is crucial to keep track of inventory and expiration dates. NetSuite's inventory management system is designed to help businesses do just that. Pharma companies can easily track and manage their inventory, ensuring that they always have the right products in stock. This is especially important in the pharmaceutical industry, where expiration dates play a crucial role.
Additionally, its Advanced Shipping module comes a valuable tool for pharmaceutical companies that need to ship products safely and efficiently. With this, companies can create custom shipping labels as well track shipments on their account - all while generating reports about what has been sent out or received so far with any changes made!
In closing
With its all-in-one approach, customizable interface, and wide range of features, NetSuite has everything you need to take your business to the next level. If you are in the market looking to implement a personalized ERP system for your business, then look no further!
AGsuite has got you covered. We offer comprehensive NetSuite systems for pharmaceutical companies that are developed while keeping your specific needs in mind. Contact us to get a scalable ERP system for your business today!
FAQ's
What is Oracle Netsuite?
It’s a complete business management software suite that helps organizations automate and streamline their business processes. It offers a wide range of features and functionality, making it an ideal choice for businesses of all sizes.
The ERP system is easy to use and can be customized to meet the specific needs of your business. It is also scalable, so you can grow your business without having to upgrade your software.
What’s the key benefit of implementing NetSuite in pharmaceutical companies?
With NetSuite in place, pharma companies can be confident that their business operations are compliant with all relevant regulations. This includes the FDA's Good Manufacturing Practices (GMPs) and the European Union's Good Distribution Practices (GDPs).
Why should pharmaceutical companies invest in NetSuite?
It offers unparalleled benefits like:
- One-stop solution for all your business needs
- Varied features that can be customized
- Scalability
- Constant customer service
- Effective stock management system
Where can I find a good NetSuite service?
AGsuite offers a comprehensive NetSuite system that’s developed while keeping your specific needs in mind. Contact us to get a scalable ERP system for your business today!
