Transform Your Business with BDO & NetSuite
Life Sciences companies experience rapid growth as they progress from pre-clinical startup through to commercialization. Picking the right solution to run their business efficiently at every stage is critical.
BDO delivers a platform, built on Oracle NetSuite and designed specifically for life sciences customers, as a key focus within our Oracle NetSuite ERP practice. Organizations can start with financials, adding functionality to manage purchasing, contract or in-house manufacturing and sales and distribution through 3PLs. GMP compliance is a focus across our NetSuite offerings for life sciences organizations — in fact, BDO offers the only 21 CFR Part 11 GMP compliant solution built for NetSuite.
The BDO NetSuite team serves as a strategic advisor with deep insights into the needs of life sciences companies. With decades of experience implementing and supporting ERP systems for companies in the life sciences industry, our team understands what is required at every phase, from product development to clinical trials to manufacturing. Our approach significantly reduces the strain on your resources by providing knowledgeable consultants, life-sciences-specific functionality, industry-standard best practices, efficient business processes, and the comprehensive training clients need to ensure ongoing success. And for life sciences organizations seeking a fully managed option, we also support NetSuite ERP as a managed service.
How BDO Can Help
BDO offers NetSuite ERP services to help your organization achieve its goals.
Plan Sustainable Growth
NetSuite ERP offers scalability for life sciences organizations, adapting as your business evolves. We support your long-term needs with successful deployments and ongoing assistance.
Leverage Market Understanding
We work with life sciences organizations at every stage, designing and deploying NetSuite ERP solutions tailored to their growth and needs, including pharmaceutical and biotech.
Implement Life Sciences ERP
We use the NetSuite ERP platform as a foundation for life sciences organizations, adding functionality to support regulatory needs, GMP manufacturing, contracts, and financial reporting.
Integrated GMP Compliance
A system that prioritizes Good Manufacturing Practice (GMP) compliance is essential for consistent production according to quality standards and legal regulations. Not only are BDO’s custom NetSuite solutions GMP-compliant, they also help your organization simplify meeting all regulatory and compliance requirements.
By enhancing basic NetSuite software with solutions specific to pharmaceutical, biotech, and related industries solutions, BDO has created a scalable platform that has all the tools necessary for a GMP-compliant process.
Maintain stronger relationships with suppliers by providing a cloud-based vendor portal for collaboration, communication, and connection. Vendor scorecards track and analyze every transaction so you can monitor performance and change vendors if needed.
NetSuite’s system limits inventory movement by status, enabling automated lot inspection and reporting via custom dashboards and alerts.
A centralized repository lets you view and manage all sample and batch data from one location, so you can more efficiently coordinate sourcing, storage, shipment, and product release.
All the documentation needed for validation is already written, and upon delivery of your system, our team will help your organization complete and record the system testing.
From APIs to secondary packaging, new equipment, and miscellaneous lab equipment, all purchases are automatically logged by their class, associated trial, and candidate. Easily run reports and maintain complete control over every department’s purchasing.
BDO provides everything an organization might need in its facility, plus an integrated WMS system, from labels to handheld devices and printers.
Every lot of raw materials received or product produced for GMP manufacturing requires a review. BDO’s system captures all relevant data and documentation and adheres to 21 CFR Part 11/Annex 11 requirements in the lot release process.
The FDA’s 21 CFR Part 11 requires companies to validate their electronic systems and documents for quality and compliance. Automated solutions are most effective for this, and BDO provides automatic 21 CFR Part 11 compliance, personnel training, and auto-generated audit trails for any captured document and data.
All the important information you need is at your fingertips, and everything else is within arm’s reach. Built-in system dashboards for each role give a 10,000-foot view, with the ability to drill down to any level of detail required for operation, automatically generate reports, and receive alerts.
BDO NetSuite Capabilities for Life Sciences
NetSuite solutions enhanced for life sciences organizations include key capabilities that apply across sub-segments, bringing key business intelligence and process support including approvals and controls, supply chain management, accounting for clinical trials, and more.
BDO Digital’s custom NetSuite solutions offer built-in approval workflows and audit controls that allow you to proactively manage important business transactions and help protect your bottom line. You can set how reports move through your approval workflows and define elevation thresholds for automation.
Enhanced Approval Workflows
BDO Digital approval workflows allow users to define approval rules in which multiple approvals from various departments or entities are required before transactions impact the general ledger or cash flow.
Key Features
Authority matrix
Setting up an authority matrix clarifies roles and responsibilities within your organization so everyone knows who has the authority to make specific decisions.
Approval notes
Leaving approval notes let authorized decision-makers explain the rationale behind their choices so everyone stays on the same page.
Separation of duties
Prevent fraud and error from negatively affecting your business by setting internal controls on all funds, including payroll distribution, deposit slips and more.
Audit support
A centralized cloud database facilitates quick and easy access to historical records, reducing audit time and enhancing reporting and analysis.
Routing and approval
The approval routing pages allows you to establish and select the process expense reports that go through your approval workflows. Set thresholds for elevation, and easily onboard new employees.
Scalability
As the number of purchase orders, contracts, and invoices increases, you’ll have peace of mind that our system will always meet your demands.
The COVID-19 pandemic wreaked havoc on global supply chains across almost every industry, disrupting order fulfillment and resulting in lost revenue. While global supply chains are projected to return to pre-pandemic trajectories, building a resilient supply chain is critical for navigating similar large-scale emergencies.
To do so, you need visibility into your products and requirements — without the extraneous information that so often bogs companies down. BDO Digital’s custom NetSuite offerings provide intelligent supply chain solutions that work to achieve this goal in all phases of product development and order fulfillment.
With a robust cloud-based material requirements planning (MRP) system, NetSuite helps improve overall cost-efficiency by estimating raw material quantities, delivery schedules and use-by dates. Receipts management capabilities help simplify financials and accounting, and work order tracking and lot control let you monitor where orders are in the fulfillment process.
Key Features
Purchasing and procurement
We identify organizations that supply the products you need, aid in the purchasing process and procure the products to be sent out.
Material requirements planning (MRP)
Our robust cloud-based inventory management system improves productivity by estimating quantities of raw materials with a schedule of their deliveries, and by constantly parsing raw data such as the shelf life of stored materials and bills of lading.
Receipts management
For every purchase completed, we record receipts of inventory at both outsourced and in-house facilities. This makes financials and accounting easier for your company.
Transfer orders and pricing
We provide automated tracking inventory movements between subsidiaries with correct eliminations and inter-company profit calculations.
Vendor and materials onboarding
Our CMO supply-chain solutions make it simple to onboard new vendors or materials. The process is intuitive, so you don’t waste time when adding new information to the system.
Work orders and assemblies
Easily track all work orders and assemblies, or implement new ones as needed—all in one place.
Lot control and traceability
Track which supplier lots are used for finished products and where the products end up. This feature allows for full look-back and look-forward through all products.
When you work with us, we help create custom NetSuite solutions that offer an effective platform for sourcing, purchasing and receiving inventory — so your organization can grow sustainably.
Efficiency and Effectiveness, Right Away
Innovative procurement can deliver a competitive advantage, providing sustainable efficiency gains sooner within your organization’s growth. Our system is built around the most effective way to source, purchase and receive inventory.
Key Features
Punch out
NetSuite's integrated system allows you to purchase materials and supplies directly from suppliers' websites without leaving your internal applications.
Purchase requisitions
Jumpstart the purchasing process directly within the NetSuite system using the integrated purchase requisition tools.
ACH and e-banking
Automated banking functionality helps ensure on-time payments, refunds and billing through electronic funds transfer (EFT).
Contract management
Say goodbye to manual accruals! Automate your contracts and accruals with BDO Digital’s contract management solutions.
Procure to pay
BDO Digital’s procure-to-pay capabilities provide a superior user experience, allowing organizations to make intelligent purchases—buying at the right time, at the right cost—with an intuitive, simplified workflow and user interface.
Life Sciences companies executing complex clinical trials need a platform to understand, control, and strategize their R&D spend. BDO has partnered with Condor to provide an audit-ready solution for automating accruals, reconcile invoices and provide accurate forecasts that integrates into NetSuite and other ERP and accounting systems.
Key Features
Budgeting and Financial Forecasting
- Get detailed planning, allocation, and tracking of budgets across trials and phases.
- Increase forecast accuracy -- predict costs based on changes in trial scope, timelines, or enrollment rates.
Site and Vendor Payment Management
- When integrated with NetSuite, companies can automate payments to clinical trial sites, vendors, and other partners based on completed milestones, patient visits, or invoices.
- Sophisticated reconciliation capabilities matches payments with contracts to reduce manual errors.\
Manage Contracts and Invoicing
- Supports management of contracts, amendments, and payment terms to align with trial requirements.
- Integration with invoicing workflows to ensure payments match approved budgets and trial progress.
Regulatory Compliance and Audit Trail
- Maintains a comprehensive audit trail to ensure transparency and compliance with regulations like SOX, FDA, or GDPR.
- Provides tools for generating reports required for financial and regulatory audits.
Advanced Reporting and Analytics
- Real-time dashboards and analytics for tracking trial financials, variances, and KPIs.
- Insights to optimize resource allocation and identify cost-saving opportunities across trials.
Gain complete visibility over all supply chain connections on demand with NetSuite's advanced reporting capabilities. The professionals at BDO Digital are dedicated to helping you optimize the reporting software for your specific industry and business model so you can focus on enhancing efficiency.
Industry-Specific Solutions, Optimized for Pharma
BDO Digital understands that outdated, one-size-fits-all accounting systems can’t adequately address pharma-specific needs and lack Tier 1 solutions for many companies, especially those researching rare and orphan diseases. By enhancing the base NetSuite platform with industry-specific solutions, we help you meet your global financials needs.
Key Features
Multi-entity and multi-currency reporting
Global companies can automate reporting for consolidations and eliminations across all their entities and currencies, simplifying international business growth.
Contract management
Our contract expense accrual management module automates labor-intensive accrual methodologies, allows for direct input, directs connection into contract lifecycle management, and syncs solutions right into deliverables.
SOX compliance
Sarbanes-Oxley (SOX) compliance is standard for every financial deployment we offer. We can segregate duties and offer delegation of authority/authority matrix, audit support, integrated controls, and more to make compliance maintenance easier than ever.
Procure to pay
Boost operational efficiency by integrating purchasing and accounts payable systems into one streamlined workflow.
Approval modules
Our approval modules offer access to transactions, entity records, new vendors, general ledger accounts, and more. You’ll easily see which approvals are outstanding, overdue, or completed—without having to search for the information.
Advanced reporting
Our advanced reporting system is specifically optimized for pharma, meaning all your information is neatly collated and contained in one place. You can review your financial reports in a variety of ways, including by class, department, candidate, indication, lab, and more.
BDO Digital’s custom NetSuite solutions offer built-in approval workflows and audit controls that allow you to proactively manage important business transactions and help protect your bottom line. You can set how reports move through your approval workflows and define elevation thresholds for automation.
Enhanced Approval Workflows
BDO Digital approval workflows allow users to define approval rules in which multiple approvals from various departments or entities are required before transactions impact the general ledger or cash flow.
Key Features
Authority matrix
Setting up an authority matrix clarifies roles and responsibilities within your organization so everyone knows who has the authority to make specific decisions.
Approval notes
Leaving approval notes let authorized decision-makers explain the rationale behind their choices so everyone stays on the same page.
Separation of duties
Prevent fraud and error from negatively affecting your business by setting internal controls on all funds, including payroll distribution, deposit slips and more.
Audit support
A centralized cloud database facilitates quick and easy access to historical records, reducing audit time and enhancing reporting and analysis.
Routing and approval
The approval routing pages allows you to establish and select the process expense reports that go through your approval workflows. Set thresholds for elevation, and easily onboard new employees.
Scalability
As the number of purchase orders, contracts, and invoices increases, you’ll have peace of mind that our system will always meet your demands.
The COVID-19 pandemic wreaked havoc on global supply chains across almost every industry, disrupting order fulfillment and resulting in lost revenue. While global supply chains are projected to return to pre-pandemic trajectories, building a resilient supply chain is critical for navigating similar large-scale emergencies.
To do so, you need visibility into your products and requirements — without the extraneous information that so often bogs companies down. BDO Digital’s custom NetSuite offerings provide intelligent supply chain solutions that work to achieve this goal in all phases of product development and order fulfillment.
With a robust cloud-based material requirements planning (MRP) system, NetSuite helps improve overall cost-efficiency by estimating raw material quantities, delivery schedules and use-by dates. Receipts management capabilities help simplify financials and accounting, and work order tracking and lot control let you monitor where orders are in the fulfillment process.
Key Features
Purchasing and procurement
We identify organizations that supply the products you need, aid in the purchasing process and procure the products to be sent out.
Material requirements planning (MRP)
Our robust cloud-based inventory management system improves productivity by estimating quantities of raw materials with a schedule of their deliveries, and by constantly parsing raw data such as the shelf life of stored materials and bills of lading.
Receipts management
For every purchase completed, we record receipts of inventory at both outsourced and in-house facilities. This makes financials and accounting easier for your company.
Transfer orders and pricing
We provide automated tracking inventory movements between subsidiaries with correct eliminations and inter-company profit calculations.
Vendor and materials onboarding
Our CMO supply-chain solutions make it simple to onboard new vendors or materials. The process is intuitive, so you don’t waste time when adding new information to the system.
Work orders and assemblies
Easily track all work orders and assemblies, or implement new ones as needed—all in one place.
Lot control and traceability
Track which supplier lots are used for finished products and where the products end up. This feature allows for full look-back and look-forward through all products.
When you work with us, we help create custom NetSuite solutions that offer an effective platform for sourcing, purchasing and receiving inventory — so your organization can grow sustainably.
Efficiency and Effectiveness, Right Away
Innovative procurement can deliver a competitive advantage, providing sustainable efficiency gains sooner within your organization’s growth. Our system is built around the most effective way to source, purchase and receive inventory.
Key Features
Punch out
NetSuite's integrated system allows you to purchase materials and supplies directly from suppliers' websites without leaving your internal applications.
Purchase requisitions
Jumpstart the purchasing process directly within the NetSuite system using the integrated purchase requisition tools.
ACH and e-banking
Automated banking functionality helps ensure on-time payments, refunds and billing through electronic funds transfer (EFT).
Contract management
Say goodbye to manual accruals! Automate your contracts and accruals with BDO Digital’s contract management solutions.
Procure to pay
BDO Digital’s procure-to-pay capabilities provide a superior user experience, allowing organizations to make intelligent purchases—buying at the right time, at the right cost—with an intuitive, simplified workflow and user interface.
Life Sciences companies executing complex clinical trials need a platform to understand, control, and strategize their R&D spend. BDO has partnered with Condor to provide an audit-ready solution for automating accruals, reconcile invoices and provide accurate forecasts that integrates into NetSuite and other ERP and accounting systems.
Key Features
Budgeting and Financial Forecasting
- Get detailed planning, allocation, and tracking of budgets across trials and phases.
- Increase forecast accuracy -- predict costs based on changes in trial scope, timelines, or enrollment rates.
Site and Vendor Payment Management
- When integrated with NetSuite, companies can automate payments to clinical trial sites, vendors, and other partners based on completed milestones, patient visits, or invoices.
- Sophisticated reconciliation capabilities matches payments with contracts to reduce manual errors.\
Manage Contracts and Invoicing
- Supports management of contracts, amendments, and payment terms to align with trial requirements.
- Integration with invoicing workflows to ensure payments match approved budgets and trial progress.
Regulatory Compliance and Audit Trail
- Maintains a comprehensive audit trail to ensure transparency and compliance with regulations like SOX, FDA, or GDPR.
- Provides tools for generating reports required for financial and regulatory audits.
Advanced Reporting and Analytics
- Real-time dashboards and analytics for tracking trial financials, variances, and KPIs.
- Insights to optimize resource allocation and identify cost-saving opportunities across trials.
Gain complete visibility over all supply chain connections on demand with NetSuite's advanced reporting capabilities. The professionals at BDO Digital are dedicated to helping you optimize the reporting software for your specific industry and business model so you can focus on enhancing efficiency.
Industry-Specific Solutions, Optimized for Pharma
BDO Digital understands that outdated, one-size-fits-all accounting systems can’t adequately address pharma-specific needs and lack Tier 1 solutions for many companies, especially those researching rare and orphan diseases. By enhancing the base NetSuite platform with industry-specific solutions, we help you meet your global financials needs.
Key Features
Multi-entity and multi-currency reporting
Global companies can automate reporting for consolidations and eliminations across all their entities and currencies, simplifying international business growth.
Contract management
Our contract expense accrual management module automates labor-intensive accrual methodologies, allows for direct input, directs connection into contract lifecycle management, and syncs solutions right into deliverables.
SOX compliance
Sarbanes-Oxley (SOX) compliance is standard for every financial deployment we offer. We can segregate duties and offer delegation of authority/authority matrix, audit support, integrated controls, and more to make compliance maintenance easier than ever.
Procure to pay
Boost operational efficiency by integrating purchasing and accounts payable systems into one streamlined workflow.
Approval modules
Our approval modules offer access to transactions, entity records, new vendors, general ledger accounts, and more. You’ll easily see which approvals are outstanding, overdue, or completed—without having to search for the information.
Advanced reporting
Our advanced reporting system is specifically optimized for pharma, meaning all your information is neatly collated and contained in one place. You can review your financial reports in a variety of ways, including by class, department, candidate, indication, lab, and more.
Our Focus Segments
BDO has long experience supporting NetSuite implementation and deployment for organizations in multiple life sciences sectors — each with its particular operational, regulatory, and market-specific needs.
Pharmaceutical
From heavily outsourced pre-revenue organizations to international multi-entity operations with hundreds or thousands of employees, BDO develops and delivers NetSuite systems that support and help enable growth — along with deep insights into best practices for pharmaceutical operations and processes.
Biotechnology
Organizations with a focus on drug discoveries, pharmacogenomics, diagnostics, medical devices, and more require an ERP system that’s built for scalability. Our NetSuite implementations are designed for aggressive growth trajectories, and they integrate regulatory compliance capabilities and support for in-house and outsourced manufacturing models.
Gene Therapy
BDO supports organizations in the rapidly growing gene therapy industry with NetSuite ERP solutions that rival enterprise ERP solutions at a fraction of the cost. We support in-house GMP manufacturing solutions with methods such as somatic cell, germline, and viral- and non-viral vectors, and we can implement a QuickStart GMP manufacturing system in as few as six months.
Cell Therapy
Organizations focused on cell therapeutics such as allogeneic, autologous, and xenogeneic cell therapies benefit from the same NetSuite functionality and advancements BDO has provided to in-house manufacturing companies around the world — including scalable in-house GMP production.
Combination Products
Medical advancements aimed at reducing pill burden and the growing market for fixed-dose combination drugs are supported by BDO NetSuite solutions. Where the addition of more active ingredients necessitates additional outsourced contracts, we can simplify contract management with systematic automation, and we deliver added flexibility for companies manufacturing partial or entire elements of their candidates.
Contract Development and Manufacturing Organizations (CDMO)
BDO NetSuite ERP solutions support contract manufacturers as well as organizations that develop and manufacture their own products while offering contract manufacturing services for others. For these CDMOs, our ERP deployments combine features and functionality of both our in-house and CMO-based manufacturing solutions.
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