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NetSuite for life sciences
Biotech, medtech, laboratories and healthcare product distributors: traceable, auditable management that supports every stage of your growth.
6 NetSuite solutionsfor life sciences
Your challenges
Strict regulatory requirements, growth in stages
A life sciences company moves from research to commercialization, then often to international markets. At each stage its obligations change: tracking funding and R&D projects, tracing lots and serial numbers, meeting the expectations of regulators, customers and auditors.
NetSuite provides a single financial and logistics backbone with an audit trail on transactions. SuiteVise helps you set it up and define what belongs in the ERP and what belongs in your specialized quality or regulatory systems.
Industry challenges
The management challenges of life sciences companies
Unit-level traceability
Medical devices and healthcare products must be traceable by lot or serial number, all the way to the customer.
Frequent inspections and audits
Auditors, authorities and partners expect reliable records and a trace of every change.
R&D to fund and justify
Research programs, grants and R&D tax credits call for precise cost tracking by project.
International expansion
Subsidiaries, foreign distributors and currencies are added as you commercialize in new countries.
Solutions
NetSuite capabilities for life sciences
Lot and serial numbers
Lots, serial numbers and expiration dates tracked on every inventory movement, with forward and backward lookups.
Quality status and quarantine
Inventory on hold pending release, inspections at receipt and isolation of nonconforming lots.
Audit trail and access control
Change history on records, approval workflows and finely defined user roles.
R&D project tracking
Costs, time and budgets tracked by research program, to manage your funding and justify spending.
Multi-entity and multi-currency
Subsidiaries, currencies and consolidation managed in a single account with NetSuite OneWorld.
Customers, returns and complaints
Sales history, return management and customer complaints tracked as cases.
How we help
How SuiteVise supports life sciences companies
We define the scope of the ERP with you in relation to your quality management system: which data it holds, who validates it and how changes are traced. This split avoids duplicates and makes audits easier.
We then configure traceability, inventory statuses and access rights, and hand over test scripts and configuration documentation that can serve as a basis for your own validation approach. For groups, see our NetSuite OneWorld expertise.
Key project areas
ERP and quality system
Lots and serial numbers
Roles and approvals
R&D projects
Test documentation
History migration
Expected benefits
What changes for your organization
- Better-prepared auditsTransactions, approvals and changes are recorded and easy to retrieve.
- Complete traceabilityEvery lot or serial number can be traced from supplier to customer.
- Justified R&D costsSpending is tied to projects, which simplifies funding follow-up.
- A foundation for growthNew subsidiaries and markets are added without changing systems.
FAQ
NetSuite for life sciences: your questions
Does NetSuite manage clinical trials?
No. NetSuite is not clinical trial management software: protocols, patients and clinical data belong in dedicated tools. NetSuite does, however, track the budgets, costs and billing of your research programs and partners.
Is NetSuite GxP compliant?
Compliance depends on how the system is used and validated, not on the software alone. NetSuite provides useful building blocks, such as the audit trail, roles and approvals; your quality team must assess and validate how they are implemented. We support you with configuration and documentation.
Can we track serial numbers for medical devices?
Yes. Items can be serialized from receipt to delivery, with a full history for each serial number. The unique device identifier (UDI) can be recorded on items; managing it end to end depends on your organization and labeling tools.
NetSuite for your industry
Explore our solutions by industry.
Life sciences
Traceable management, ready for your audits
Tell us about your development stage and quality requirements: we will propose the right NetSuite scope.