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Here we are taking about use of cloud based procurement software in Biotech and life science provided by Prendio.
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FIVE Key Benefits Of Using Lab Procurement Software in Biotech Industry
Timely and efficient ordering of lab supplies is critical to the success of research carried out in biotech companies. Now you can streamline processes, save money and increase efficiency with state-of-the-art lab procurement software. Here’s how automated lab procurement services can help scientists, financial teams, venture capitalists and suppliers.
Greater Efficiency and Productivity Lab procure to pay services have radically altered the way in which biotech companies conduct their research activities. Along with streamlined automated processes and improved efficiency, it is now possible for organizations to completely control and view the entire lifecycle of a transaction.
Benefit to Scientists Lab Procurement Software is a boon for scientists, even those working in critical research environments. Various components such as an easy-to-use shopping cart and a catalog of previous orders as well as visibility of goods sourced by peers help scientists quickly find the right products for the best price.
Benefit to Finance Team Lab procure to pay services makes lives easier for finance teams of biotech companies. Various features such as secure cloud storage, convenient web browser interface and paper scanning ensure ease-of-use with minimal training requirements. Even part-time staff, remote buyers and those with shared AP resources can utilize software for lab purchasing purposes. Efficient approvals, seamless integration.
Venture Capitalists and Suppliers Automated lab purchasing helps start-ups and venture capitalists involved in the biotech arena bring products faster into the market and increase their ROI. Thanks to software, scientists can spend more time in the lab and less time on administrative work and a start-up can also reduce its back-office head count.
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