The life sciences industry is at the threshold of a sweeping transformation with digitally engaged patients, more complex and stringent regulations, and value-based outcomes defining its expansive spectrum.
For progressive life sciences organizations, the vital need of the hour is to be cognizant of the rising quality, compliance standards, customer expectations and take an automated and cost-effective approach to attain operational excellence alongside streamlining the handling of complex documents.
Esker satisfies all the criteria pharmaceutical and life sciences companies seek in a comprehensive solution—cost efficiency, increased visibility, and document security in a unified and integrated platform. Esker’s solution: procure-to-pay and order-to-cash cycles and seamlessly integrates with multiple ERPs and helps organisations in the pharmaceutical, biotechnology, and medical device manufacturing companies achieve the following:
- Lower processing costs
- Full regulatory compliance
- Faster processing times
- Flexible deployment options
- Complete process visibility
“The end result being Esker satisfies all the criteria that pharmaceutical, biotechnology, and medical device manufacturing companies seek in a comprehensive solution—cost-efficiency, increased visibility, and document security in a unified and integrated platform,” says Bérard.
Featured in APAC CIOOutlook Magazine’s Pharma & Life Science Solution magazine, Founder & CEO, Jean-Michel Bérard shares a client interaction, where MEDRAD Inc., an affiliate of Bayer Medical Care, had to process 12,000+ orders to satisfy the demands of its 4500 strong customer base and struggled with the time-consuming manual tasks. Esker AI driven solution helped MEDRAD achieved:
- 75% faster processing times than previous manual methods
- Reduced processing time of each order from 8 minutes to 1.35 minutes
- 99.6% success in order entry through the AI recognition engine
MEDRAD is also leveraging Esker’s Accounts Payable automation solution to streamline the processing of vendor invoices and purchase requisitions.
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(the profile is on page no: 16 and the listing details is on page no: 15.)