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LabConnect Partners with Deloitte for Business Transformation

LabConnect, a key player in global central laboratory solutions for clinical trials, has recently announced a strategic partnership with Deloitte to optimize its financial and business operations. This collaboration focuses on implementing Microsoft Dynamics 365 Finance and Supply Chain as a modern enterprise resource planning (ERP) solution. The goal of this initiative is to enhance LabConnect’s operational efficiency while supporting its ambitious growth strategy in the competitive clinical research landscape.

The decision to modernize the ERP system reflects LabConnect’s commitment to streamline workflows and reduce dependency on manual processes. By automating core financial and operational functions, the company aims to boost efficiency and prepare itself for accelerated global expansion. David Rynders, Vice President and Global Corporate Controller of LabConnect, has emphasized that this modernization will enable the firm to serve its clients more effectively, showcasing an improved responsiveness and efficiency in service provision.

With the assistance of Deloitte, LabConnect is poised to deliver a range of enhanced operational capabilities. The initiative involves a comprehensive overhaul that includes several key benefits:

• - Increased Financial Efficiency: The introduction of advanced automation in finance and supply chain operations will expedite invoicing processes, elevate kit turnaround times, and enhance accuracy in procurement and manufacturing.
• - Enhanced Materials Requirements Planning (MRP): This feature is anticipated to improve LabConnect’s ability to source unique products effectively, thereby bolstering logistics for clinical trials.
• - Integrated Data Systems: The implementation of cohesive data systems is designed to ensure more accurate and timely reporting, along with improved visibility into shipping and material tracking.

Through these improvements, LabConnect aims to reaffirm its strategic focus on operational excellence. The company seeks to equip itself better for the evolving demands of the global clinical trial landscape, thereby ensuring that its clients receive exceptional value and service.

About LabConnect

With over two decades of experience, LabConnect has positioned itself as a premier provider of customized support services for clinical trials, catering to various organizations within the biotechnology and pharmaceutical sectors. The company boasts extensive experience, having conducted over 2,000 clinical studies across 93 countries, and is recognized for its agility and innovative solutions.

LabConnect’s extensive suite of services includes customized lab kits, advanced sample tracking, and comprehensive logistics. Moreover, the company maintains strategic alliances with world-leading laboratories, which opens avenues for incorporating the latest technological advancements and innovations into their offerings.

In addition to their core laboratory solutions, LabConnect excels in data management, seamlessly integrating complex datasets from diverse sources into submission-ready formats. This profound capability enables LabConnect to support all facets of clinical studies, from pre-clinical efforts through to clinical execution, providing invaluable scientific project management and logistics solutions.

The partnership with Deloitte marks a significant milestone in LabConnect’s evolution, positioning the company to enhance its service quality and operational reliability for clients worldwide. As the clinical trial industry continues to grow and change, this commitment to modernization underscores LabConnect’s readiness to meet the evolving challenges of the sector.

For further information, follow LabConnect on LinkedIn or visit their official website at LabConnect.