Why Pharma Businesses Need SAP Business One

The ever growing health crisis our world is facing has facilitated the astonishing growth of the pharma companies. Clean analytics, efficient business processes and quick decision abilities are the need of the hour for pharma businesses as it is an industry witnessing rapid changes with the blink of an eye. Possessing some unique requirements, the ERP for pharma industry is extremely flexible as it easily gets integrated into the business processes, handling the cumbersome challenges that they are experiencing.

SAP ERP is a total game changer for the healthcare industry facilitating interaction across business services. SAP Business One ERP is designed to monitor data and improve relationships between customers and management in the healthcare industry. It helps in storing data on a system giving us access to it at all times.

Through the SAP ERP implementation in the pharma industry, all required data is centralized, which eases access and interpretation of all the relevant business information. It also analyzes data from different systems and keeps it in one place for user convenience, SAP ERP for the pharma industry is a cost-effective solution that works exceptionally in streamlining the business.

Reasons to adopt SAP Business One for Pharma Companies:

• Inventory- Curating the requirements for production, setting triggers for acquisition and targets all while controlling the material used is essential for pharma companies. The ERP software for the pharma industry is super beneficial in these situations. The system can send reports quickly to decision makers. SAP Business One comes with modules focusing on inventory management and controlling the different stages.
• Managing regulatory requirements- Taking global markets into account, ERP software helps businesses to grow and achieve a competitive edge by managing all the compliance with regulatory needs. SAP Business One is designed according to the requirements of the Pharma sector. It gets integrated into the productive business model and helps the business meet the government regulations and industry norms.
• Marketing and sales- The pharmaceutical business needs a robust system that can handle the contracts and sales orders for them that is within the purview of the marketing and sales department. With SAP for pharma, businesses get to digitize marketing activities and run promotional campaigns from the click of a key. Client acquisition is paramount to any business and marketing is the key to it.
• Distribution Management- Batch and lot tracking is another core for the pharma industry. The ERP system brings ease in every stage of the production cycle right from order acquisition to in-progress quality check. SAP ERP software for the pharmaceutical industry helps the business to track their shipments.
• Formulation management- A key process in any manufacturing business and the ‘most’ important in the pharma business is formulation management. Due to the cutthroat competition, pharmaceutical businesses need to save expenses. Formulating ingredients in an effective manner is a necessity for controlling prices. SAP Business One for the pharma industry will solve this problem of cost regulation of raw ingredients.
• Documentation- In view of the legality and terms and conditions, documentation is indeed a requirement for the pharma industry. SAP Business One helps the business maintain all the compliance intact. Regular audit checks demands for historical data and SAP Business One helps get it back in a timely manner.

Choosing Your SAP Partner

Nowadays several IT companies are rushing to claim that they are SAP partners, but it is recommended that you choose the partner certified by SAP itself. After all, who better can give you advice than SAP itself? The company knows its software and carefully hand picks its partner IT companies. These IT companies are at the forefront in innovation and equipped with high-tech tools and avant garde infrastructure.

Prior to choosing your SAP Business One partner, the first most important tip is to thoroughly examine the SAP list of recommended suppliers. Amongst the sea of SAP Business One Partners, with their varying expertise and utmost capabilities, the most suitable for your pharma company can be chosen by considering the following factors-

• Experience- Having an experienced partner is highly advisable. It is always better to select a partner who is prepared beforehand for the numerous challenges faced by your company on a regular basis. It is essential for the IT company to have a team of certified developers with extensive experience working on a number of SAP projects across different industry sectors.
• Client Feedback- A client testimonial is an important aspect of any business. Their feedback is a measure of your company's success. Setting up an inquiry meeting with fellow businesses and entrepreneurs who have gone through similar processes. There are also client testimonials found online that can help you narrow down your search for the most suitable SAP Business One partner.
• Strength of Resources- Experience should not be your only focus,having sufficient technical knowledge and domain expertise is a necessity. Work with SAP Partner companies that update themselves constantly as well as conduct audits regularly. It is essential to look for companies that have enough resources to handle sizable projects.
• After-sales Service- The SAP Business One partner of your choice must offer technical assistance and maintenance services all the time. Sometimes even after having enough strength and domain expertise, a lot of them fail to provide technical support after integrating software in the client’s business system.

The Benefits of having a SAP Business One Partner for your Pharma Business:

• Reduces upper management while ensuring smooth running of business and quick resolution of issues.
• Empowers you to integrate a coherent and blanket solution
• Improves the efficiency while lowering redundancy
• Creates a robust SAP Cloud solution that helps your business stay online 24/7

The selection of the right SAP Business One partner is essential to ensure growth of a pharma business while streamlining operations and simplifying complexities. These factors will assist your Pharma Company to choose the suitable SAP Business One partner company.

SAP Business One has naturally become the choice for a lot of pharma businesses to ensure smooth sailing of their business.They provide personalised solutions helping in creating a more flexible and transparent supply and logistic networks.The implementation of SAP in pharmaceutical industry allows for efficient planning for soaring production. In the pharma industry it is advisable to follow manufacturing and production with specified quality standards so as to minimize the risks. SAP solutions eliminates the manual effort on the process of updating. SAP is the perfect solution for an industry constantly looking for cutting costs, increasing productivity while also adhering to compliance regulations.

SGen Infotech Limited UK is a leading SAP Business One partner offering all SAP solutions including SAP Business One HANA, Add-ons development, SAP Business One Cloud Solution, and SAP Business One Analytics & Reporting Services all under one roof. It is beneficial to weigh in on the benefits of SAP Business One and we can assist all the pharma businesses with all SAP solutions as a trusted partner.