ERP for Pharmaceutical Industry
The Pharmaceutical industry in India has been witnessing a phenomenal growth in recent years driven by the rising demand levels in the country and strong demand from export markets. The constantly changing market conditions and legal environment such as cost cuts in the health care sector – force pharmaceutical companies to be able to react quickly and flexibly to change in order to stay competitive. Today, the unsaid rule for any industry is that the faster the demands of the market change, the more flexible a company’s business processes need to be.
The ever growing demand for new and enhanced pharmaceutical products has resulted in a high competitive market therefore putting a lot of pressure on pharmaceutical manufacturers in the Small and Medium Businesses to keep themselves with the ever-increasing demand for the production of such drugs in huge quantities.
To maintain all the processes and the data from one system, Pharma companies require a robust and scalable ERP for Pharmaceutical Industry. ERP for Pharmaceutical Industry is a flexible & the most powerful business management process offered by Sage Software Solutions. Sage 300, ERP for Pharmaceutical Industry manages all critical business functions in any business process.
Enterprise resource planning system integrates and automates the main functionality of an organization thereby facilitating the flow of information among the different functions of an enterprise, while also permitting information sharing across organizational unit.
Sage 300 makes optimum utilization of all available resources, the result is higher efficiency and better performance. It can effortlessly track lot properties while optimizing and improving other business processes like batch production, sales functions, inventory control, purchasing, quality assurance, accounting and financials, regulatory reporting etc.
It has been proved beyond doubt that implementation of ERP systems not only gives more transparency to business processes but it also allows businesses to operate more efficiently, predictably and more profitably. Real-time access to data and an easy to use interface in ERP solutions form an integral part of the business strategy by providing a collaborative environment. Information is available to all stakeholders, from employees to customers and suppliers, enabling smoother transactions, a higher velocity in decisions and faster turnarounds.
Benefits of ERP for Pharmaceutical Industry
- Helps to attain higher production by streamlining all the processes.
- Easily handle accounting for all type of sales & purchases.
- Manages the inventory control & also gets the accurate operational performance.
- Saves Time and Operational costs.
- Monitors manufactured goods distribution.
- Better Customer Support.
- Extensive reporting – You can have several reports in ERP which give you the list of all the transaction in your business.
- You can take better business decisions with ERP on the go from any device, any place and any time.
- Tracking the stock of inventory is an important factor & to maintain the stock of every raw material. Manufacturing industrieshave different departments like production, QC, Sale etc. & to know the current status of finish good easy with the help of Sage 300, ERP for Pharmaceutical Industry.
- Clear visibility on cost management throughout the industry.
- Accounting will easily handle for all types of customer & vendor bills.
- Finance Module in ERP gathers financial data from various functional departments and generates valuable financial reports such as Balance Sheet, Trial balance, General Ledgers, Quarterly Financial Reports, Account Statements, Gross Profit Analysis.
Sage 300, ERP for Pharmaceutical Industry also provides the summary & detail wise data & that data also will get generated into custom reports as per the companies requirements. To know more, SMS SAGE to 56767. You can also write to Sage Software Solutions Pvt Ltd at email@example.com