NetSuite ERP for Life Sciences companies
For companies operating in cosmetics, biotechnology, pharmaceuticals, or medical technology.
NetSuite ERP helps you ensure compliancy with regulatory requirements, minimize complexity, reduce costs, and increase transparency between companies and departments. The ERP system enables complete visibility into and control over the entire business in real time. This results in increased margins and ensures that you meet your demands for profitability. We have worked with many innovative Life Sciences companies, so we understand your business and what you need.
A changing industry
Few industries have undergone as many changes as the Life Sciences industry. New regulations, advances in research, digitalization and strong demographic development are all factors that fundamentally affect the conditions for Life Sciences companies, whether it be in pharmaceuticals, medical technology, or biotechnology.
Life Sciences companies typically struggle with multiple market channels which lead to distribution and packaging complexities. Furthermore, time-consuming manual steps, complicated certification flows and working in silos lead to unwanted security risks and longer lead times.
A future-oriented reality
To adapt in this dynamic environment, organizations must have the ability to react quickly to changes in market conditions, customer demands, and government and industry regulations.
Every Life Sciences company is unique, so even though there are many "best practices", you still need to adapt and customize these practices to suit the specific situation of your company. This is why our experience is important.
We manage your regulatory requirements and enable a global expansion where you get complete insight into and control over the entire business - in real time. This leads to increased margins and that your demands for profitability are met.
NetSuite - a complete ERP system for Life Sciences companies
NetSuite’s cloud-based ERP system is used by more than 37,000 customers in 200+ countries. The system offers streamlined processes but also the opportunity to be agile, where everything can be linked and visualized in real time.
- All processes are managed on a single ERP, which minimises the cost of quality errors.
- Prescription management, audit control and document management.
- Workflows that automate the next step in the order process based on your criteria.
- Full Audit Trail, QC and QA, batch/serial number management.
- Traceability, best-before date, sell-by date and FEFO.
- Multiple packaging options and the handling of GDP.
- GMP, scheduling, capacity management and process manufacturing.
- Forecast management, SCM, quarantine, delivery/package planning, multi-warehouse management.
- Management of contract manufacturers.
- Control of allergens.
- Advanced financial forecasting.
- Global system with consolidation, group accounting and ICT.
Click to enlarge the image.
Customer stories
Staria is the leading NetSuite partner in Europe, and we have many customers that operate in Life Sciences. Two of these are Mycorena and Bonalive, which you can read about below. You can find more customer stories here.
Mycorena - Cutting-edge biotechnology using NetSuite
Mycorena is one of the fastest growing companies in FoodTech, with a vision to change the entire food industry using cutting-edge biotechnology. With a planned international expansion ahead of them, they were looking for a modern, cloud-based, user-friendly, and internationally established business solution. NetSuite became the obvious choice.
Bonalive Biomaterials – Healing bones with the help of NetSuite
Bonalive Biomaterials is a leading manufacturer of bone implants offering reliable and innovative biomaterial products. Bonalive was looking for an ERP solution that could cover their needs in financial administration, operations management, CRM, and production planning, and chose to implement NetSuite.
Regulatory compliance and cloud solution
The cost of validating regulatory compliance should not have to conflict with keeping up with the rapid pace of development in the outside world. Being able to make use of your ERP’s new functionality has historically meant time-consuming testing. With NetSuite’s "release notes" the testing process can be done with precision instead of testing everything.
Advantages of cloud solutions:
- Continuously updated with new functionality.
- Regardless of where you are, you can comply with the regulatory requirements.
- It's secure - it's easier to encrypt data, monitor network activity and add multiple layers of security.
- It's cost-effective - you can scale up as you grow and expand globally with NetSuite and Staria.
NetSuite supports GxP (Good Manufacturing/Distribution Practice) and SOX compliance.
Grow internationally
What if you only needed a single accounting partner for all the countries in which you operate?
Companies that operate internationally and have multiple local accounting offices often face communication challenges, inconsistent processes, and slow reporting with uneven quality.
Staria offers global financial services designed to solve these problems and make it easier for companies to grow internationally. With our services, a transparent real-time view of your entire company's financial status is easily available in NetSuite. Your company is assigned a Staria team that handles all day-to-day accounting in all your countries of operation and provides you with a single point of contact, a dedicated team, and a single NetSuite ERP.
Staria's services are available in countries marked in the map.
Sustainability in focus
Sustainability is not only about the lifespan of products. Today, increasingly strict demands are being made by both consumers and authorities on climate-friendly methods and sustainable operations. Being able to stand out as environmentally friendly is important for the company, but nobody wins with greenwashing.
The key to sustainability is data. With the right information and operational control, you can, for example, plan and direct operations so that waste and transports are reduced, certify suppliers on several criteria, and utilize unlimited parameters within sustainability. With a sustainability focus, you ensure that you have a cost-effective operation, which results in a sustainable operation, and everyone wins. Every step counts, and we are happy to talk sustainability with you!
Our BI and planning solution Naviloq offers a complete package of BI functions, including planning, forecasting, and optimized financial reporting, helping you get the most out of your data and easily generate reports that comply with ESG and EU requirements. The tool is fully integrated with NetSuite and stores your data securely in a built-in data warehouse.
We’d love to hear from you!
Whether you have questions about financial administration services, our products or you’d like a free demo, we’ll answer all your questions.
Reach out to our local sales teams or use the form to leave a contact request, and we’ll be in touch with you soon.