Benefits of SAP Business ByDesign ERP for Life Sciences companies
In a rapidly evolving biotech industry, SAP Business ByDesign ERP provides a flexible and scalable solution to overcome limitations, streamline operations, and support informed decision-making with real-time data. It helps companies implement industry best practices at a competitive cost, offering clear dashboards useful for cooperation, publications, and real-time presentations. The system eliminates the need for management to spend days assembling data for presentations. In the life sciences industry, SAP ByDesign offers efficient and integrated project management with real-time dashboards to track progress and identify risks. R&D costs are captured using multiple GAAP requirements for management reporting, statutory filings, and tax books. Specific configuration by asset contributes to a clear, auditable, and real-time valuation of the asset. Leading SaaS companies in the life sciences industry, particularly in lab management and validation, have specific applications that integrate easily thanks to the “click not code” concept. SAP Business ByDesign ERP is highly valued by investors and plays a decisive role in acquisitions and mergers because of its compliance and risk management modules, making it a must-have for best practices.
