SAP Business One – A Healthy Software Treatment for Pharma Business

Like every company has its unique set of challenges and specific needs, pharmaceutical businesses experience the same. The medical and pharma domain is the heart of all industries in today’s scenario considering the rising health and safety concerns. Even at the time of severe economic crunches, Pharma and healthcare industries go down. 

SO, if an industry that caters to almost every individual, be it the end-consumer, vendor or supplier; it should have the most sophisticated and advanced system to optimize the entire workflow and keep the business running no matter what situation comes up.

Challenges Faced by Pharma Industry Leaders

Pharma leaders including the drugs and API formulators, wholesalers and distributors, and medical devices manufacturers and suppliers face constant pressure of heavily monitored supply chains, stringent regulations, expiry drug issues, lot tracking and tracing, customer satisfaction, and multi-country standard compliance.

All these challenges over-burdened the Pharma leaders as a result they lose focus and transparency within the organization. Thus, not just simply Pharma ERP software, but an advanced Pharma ERP software like SAP Business One is required to cater to the specific needs and challenges of this industry.

Let’s take a look at the unique capabilities of SAP Business One that helps in keeping the pharma business ahead of the competition.

Benefits Offered by SAP Business One to Pharma Business

• Integration of Business Aspects and Data Handling Capabilities

SAP Business One for its unique integrating capacity, synchronizes the entire pharma business and establishes enhanced collaboration and communication among various departments within the organization. Also, it creates a central platform to store all the data generated by the business to render the users collated and insightful information related to the organization.

• Compliance to the Regulation

SAP business One is a robust platform that is well updated with the latest regulations and standards of the drugs and pharmaceutical industry, helping the leaders to stay well compliant to all necessary regulations. Not just for the country where drugs are being manufactured, this global platform can help achieve multi-country compliance and open more growth opportunities for your business.

• Optimized Supply Chain Networks and Transactions

SAP Business can streamline communication between the vendors and suppliers for the raw materials and the dispatch of final products. The smart alerts and auto-refill stock information can help manufacturers update the inventory and stock information while maintaining timely deliveries to suppliers and distributors.

Also, the bulk generation of e-way billing/invoices creates a gateway for pre-approved transactions that ultimately help leaders in the easy GST filing process.

• Audit Trails and Reporting

One of the most important features of SAP Business One is quality control audit trails controlled compliant management of the products. This ensures that the products are being monitored and verified at every stage from production to processing to final dispatch. This ensures that only compliant, high-quality products reach the end customer.

Also, to end the daily struggle of Pharma leaders to analyze and create the stock, purchase, wastage and expiry related reports; SAP Business One with its advanced reporting feature efficiently does this as well, thus, completely eliminating the manual efforts and the scope of faulty entries.

• Lot tracking and Tracing

This is an important aspect of the Pharma industry and thus, the system has to be advanced enough to ensure the end-to-end tracking. SAP Business One makes use of Barcode tracking to monitor each and every moment of the batch and lot from its dispatch till the time it reaches the end consumer.

Conclusion

All these factors are the indicators that SAP Business One is the breakthrough Pharma ERP Software in India. Also, with its unique mobility approach that is by rendering real-time information to the users as and when needed by cloud based ERP network is helping the Pharma leaders all more in keeping the track of all the activities that are going around in the organization.

So, if you too belong to one of the significant domains of the Pharma industry (manufacturing, formulating, processing, API formulation, packaging, distributing, or supplying), then you must give SAP Business One a thought. This ERP software with its efficient industry specific ERP modules can render the most personalized experience while running the business. 

Also, this whole package with value-added benefits and advantages is very much affordable and cost-efficient for even small businesses to start up an organization to adopt. The end note will be, without being more doubtful; switch to advanced SAP Business One, best ERP solution to streamline your Pharma Business.