NetSuite + Coupa :
The Success Suite for the Life Science Industry
Whether you’re just getting started, evaluating an IPO, progressing through clinical trials, or preparing for commercialization, together NetSuite and Coupa help life science companies improve business spend visibility, efficiency, and compliance, so you can streamline innovation and bring new drugs to market.
As Life Science companies transition from discovery to delivery, it can be a struggle to keep up with the rapid expansion in purchases, suppliers, and invoices. As operations accelerate, managing procure-to-pay processes can be manual, inefficient, time-consuming, and prone to error without the right tools in place.
Better together
By integrating SuiteSuccess for Life Sciences, built on NetSuite, and Coupa’s leading Business Spend Management (BSM) solution, Finance and IT teams can efficiently control spending and improve visibility across the procure to pay process. Our enhanced integration between Coupa and NetSuite extends your business application investment, enabling you to unify business spend across the organization, increasing visibility, efficiency, user adoption, and control.
Why netsuite?
From streamlining SOX compliance, and audits, to managing vendor relationships, SuiteSuccess for Life Sciences offers companies the flexibility and scalability they need to grow their business. Efficiently manage compliance and financial complexities by streamlining financial reporting, providing a real-time view of your business health, and enabling the digitization of processes along each stage of your business journey.
Why Coupa?
Coupa helps Life Science companies get the most out of business spending without getting in the way of innovation. Hundreds of life sciences companies worldwide rely on Coupa’s easy-to-use platform to streamline innovation, maximize lab productivity, optimize supply chains, and record spend approvals for regulatory compliance. Designed with your employees and suppliers in mind, Coupa boasts industry-leading adoption levels, significantly reducing the number of workarounds and saving you hundreds, thousands, even millions of dollars each year.
Powering Outcomes for Life Science Organizations
PRE-APPROVED SPEND
ELECTRONIC PO PROCESSING
AP FIRST-TIME MATCH RATE
ON-CONTRACT SPEND
CONTACT LIFE SCIENCE EXPERTS
Increase Lab Productivity and Fuel R&D Innovation by Optimizing Sourcing and Purchasing
Maximize the value of every dollar you spend, from procurement to expenses, strategic sourcing, to spend. Coupa’s leading Business Spend Management (BSM) platform helps life science companies fund R&D and bring new drugs to market by reducing costs and managing complex sourcing events.
Ensure scientists have what they need, when they need it.
Simplified usability for doctors, scientists, and lab managers ensures on-contract ordering and prevents procurement delays.
- Minimize R&D downtime by getting scientists what they need quickly
- Keep projects on schedule with real-time shipment tracking
- Instantly onboard new scientists and employees to easily purchase what they need
Optimize Your Financial Health
Get the complete picture of your spending, payments, and liquidity to make smarter decisions faster.
- Automatically reconcile and easily manage all your payments to suppliers, employees, and subsidiaries, in one place.
- Optimize your cash flow with increased visibility of spend and liquidity
Optimize Supply Chain to Drive Savings
Trusted by some of the world’s largest life sciences companies to source regulated and non-regulated goods and services.
- Find the right supplier for your project by modeling scenarios that account for volume, discounts, rebates, tariffs and exchange rates
- Stay on top of ongoing price changes
- Reduce supply chain risk by diversifying your supply base with supplier insights
Measure Business Spend & Supplier Risk
Vet third parties for anti-bribery / anti-corruption and track service project milestones to keep projects on track.
- Measure CROs, KOLs, consultants, and marketing against contract value
- Monitor Nth-parties for risk, fraud, and corruption
- Get global visibility of services, goods, and management fees spend
Are you ready for these changing times?
Everything is different –your employees are working from home, they need access to all their systems, you need clear processes, and the line between work and private life is blurring. Customer demands are changing, your supply chain is being disrupted, and more. With a cloud ERP system, you can maintain operations as usual and be ready to take on the next phase in our new normal.
