Why Acumatica for Pharmaceuticals?
Acumatica is a versatile cloud-based ERP platform that offers dynamic and customized features to benefit pharmaceutical companies. The latest cutting-edge technology backing the system allows it to leverage the immense benefits of cloud computing infrastructure.
The platform offers unparalleled agility, flexibility, and scalability which ensures smooth business processes for pharmaceutical companies. Acumatica provides efficient asset and inventory management, procurement and customer management features, making the management of pharmaceutical products easier. It also facilitates human resource management, ensuring that staff is adequately taken care of.
Additionally, Acumatica comes with robust security features that protect sensitive pharmaceutical data from unauthorized access and cyber threats. With Acumatica, pharmaceutical companies can optimize their efficiency, productivity, and profitability while delivering quality products to the public.
Acumatica for Pharmaceuticals
Pharmaceutical companies that are looking for an ERP solution tailored to their needs should consider Acumatica. Its core components offer unparalleled functionality and help companies streamline their operations and increase efficiency.
Centralize various business processes, including supply chain management, inventory control, manufacturing, sales, and finance. By providing a unified platform, it streamlines operations, eliminates data silos, and improves overall efficiency.
Provide real-time visibility into inventory levels to avoid stockouts or excess inventory, track batch numbers and expiration dates, and automate reorder points, ensuring optimal stock levels and reducing the risk of product wastage.
Manage compliance with regulations such as Good Manufacturing Practices (GMP), FDA guidelines, and serialization requirements. It can assist with documentation, traceability, and quality control processes, ensuring adherence to regulatory standards.
Collaboration & Communication
Coordinate multiple teams involved in research and development, manufacturing, sales, and distribution. A cloud ERP system facilitates seamless information sharing, task assignment, and progress tracking, promoting better teamwork and faster decision-making.
Security & Disaster Recovery
Employ robust security measures, including encryption, user access controls, and regular backups, to protect sensitive pharmaceutical data. Cloud providers often have advanced data centers with redundant systems, ensuring data availability and disaster recovery capabilities.
Provide comprehensive financial modules, including accounts payable, accounts receivable, general ledger, and financial reporting. It enables accurate tracking of financial transactions, automates invoicing and payment processes, and generates real-time financial reports for better financial analysis and decision-making.
Features for Pharmaceuticals
Lot and Serial Number Tracking
Track and manage products using lot and serial numbers. This feature enables accurate tracking of products throughout the supply chain, facilitates traceability, and helps in managing recalls or product quality issues.
Formulation and Recipe Management
Acumatica's formulation and recipe management features are valuable for pharmaceutical companies involved in manufacturing processes. It allows for the creation and management of formulas or recipes for drug compounds, ensuring consistency and accuracy in production.
Demand Planning and Forecasting
Optimize inventory levels and production. Acumatica utilizes historical data, market trends, and other factors to generate accurate demand forecasts, enabling better inventory management and resource allocation.
Acumatica provides robust financial management features, including accounts payable, accounts receivable, general ledger, and financial reporting. These functionalities help pharmaceutical companies manage their financial transactions, track expenses, generate accurate financial statements, and comply with accounting standards.
Expiration Date Tracking
Track expiration dates of pharmaceutical products. This helps companies ensure that products are used or sold before their expiry, minimizing the risk of stock obsolescence and product wastage.
Quality Control and Compliance Management:
Maintain quality control and comply with industry regulations. Acumatica includes features for managing quality control processes, performing inspections and tests, recording results, and documenting compliance with regulatory standards.
Procurement and Supplier Management
Acumatica enables efficient procurement and supplier management. Manage vendor relationships, automate purchase orders, track supplier performance, and ensure timely and cost-effective procurement of raw materials and components.
Mobile Access and Remote Collaboration
Acumatica offers mobile access and remote collaboration capabilities, allowing pharmaceutical professionals to access the system and collaborate from anywhere. This feature facilitates real-time information sharing, improves communication among team members, and enables remote decision-making.