Helping Pre-revenue Life Sciences Companies Over The Finish Line

A Phased, Stairway Approach

Working with both pre-revenue and small to midsized (SMB) life sciences companies, Jade Global replaces rudimentary legacy and on-premises systems with NetSuite Cloud ERP, and a Digital Operations Platform designed specifically with the life sciences entity in mind.

A preconfigured industry solution, the Digital Operations Platform was built on the Oracle Fusion Cloud platform and is ready to scale. The platform
helps life sciences companies accelerate deployment, reduce their total cost of ownership (TCO), and leverage industry best practices to manage
business outcomes effectively.

Using a phased, stairway implementation approach, Jade Global helps companies adopt the ERP modules they need most at the specific point in their lifecycles and then supports them as they move up the stairway.

When combined with NetSuite Cloud ERP, the Digital Operations Platform provides these key functionalities:

Financials (accounting, reporting, inter-company transactions, etc.)

– Distribution and logistics (sourcing and supplier registration, global purchasing, catalog management)

Planning and manufacturing (forecasting, planning, and scheduling)

– R&D projects (planning, budgeting, and allocation)

Sales and Channel management (opportunity and pipeline management, lead capture and qualification)

Racking up the Wins

When life sciences companies decide to toss their basic accounting systems, spreadsheets, and paper in favor of NetSuite Cloud ERP + the Digital Operations Platform, the “wins” begin to surface during the implementation phase. Jade Global typically saves its customers 25% to 30% in implementation time and costs.

Once the platform is in place, the additional benefits include a more automated workflow and less reliance on internal IT staff. And because the Digital Operations Platform integrates industry-specific key performance indicators (KPIs), it serves as a plug-and-play way for life sciences firms at all stages to benchmark against industry standards (e.g., financials, procurement, supply chain, etc.).

The Digital Operations Platform can also cut companies’ supply chain operational expenses by 50%, mainly due to the streamlined communication and data-sharing methods that the solution supports. Many life sciences companies use phone and email to communicate with their supply chain partners (e.g., contract manufacturers) and third-party logistics providers. The Digital Operations Platform is available anytime, anywhere, and supports good data-sharing communications.

The solution provides tight integration with contract manufacturers and real-time visibility into their operations and inventory. Without this
connection, the planning, packaging, labelling, and logistics that go into getting products from the manufacturer to the patient can be pretty costly and time-consuming.

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