LabConnect Partners with Deloitte to Enhance Financial Operations and Growth Strategy

LabConnect Rethinks Financial Operations with Deloitte's Expertise

LabConnect, a global leader in central laboratory services for clinical trials, has embarked on a transformative journey to modernize its financial operations. The company has appointed Deloitte to implement Microsoft Dynamics 365 Finance and Supply Chain, marking a significant step towards streamlining business processes and enhancing operational efficiency.

This initiative aligns with LabConnect's long-term growth strategy, aiming to reduce reliance on manual processes and ensure a smoother workflow. By automating key financial and operational functions, LabConnect is set to not only improve its internal processes but also enhance its service delivery to clients worldwide.

According to David Rynders, the Vice President of Finance for LabConnect, "As we continue to expand our global footprint, modernizing our ERP will allow LabConnect to provide better service with more responsive and efficient solutions." This partnership with Deloitte is seen as a crucial element in leveraging their global expertise to create more transparent and scalable operations. The upgraded systems are expected to accelerate invoicing, improve kit turnaround times, and increase accuracy in procurement and manufacturing.

In addition to facilitating faster financial transactions, the advanced functionalities of Microsoft Dynamics 365 will also empower LabConnect to manage unique product sourcing more effectively. This improvement is vital for the company's logistics operations in support of clinical trials, ensuring that they meet the needs of various stakeholders efficiently.

Furthermore, integrated data systems will provide more precise and timely reporting, significantly enhancing visibility into shipping and material tracking. This transformation not only reflects LabConnect's commitment to operational excellence but also adapts to the changing dynamics of the global clinical trial landscape.

A Leader in Clinical Trial Support

LabConnect has established itself as the go-to partner for central laboratory solutions, particularly emphasizing agile support tailored to diverse clinical trial needs. With over 20 years of experience and having facilitated more than 2,000 clinical studies across 93 countries, the company stands out in its sector. Its commitment to leveraging modern operations and strategic partnerships with renowned laboratories positions LabConnect at the forefront of innovative and automated solutions in clinical research.

The range of services offered by LabConnect includes customized laboratory kits, advanced sample tracking, integrated logistics, standardized sample processing, over 20,000 validated tests, and next-generation biobanking services. Moreover, the scientific experts at LabConnect provide substantial support in preclinical and clinical studies through project management, biological sample management, biomarker strategy, and logistics solutions. They excel in data management, effortlessly integrating complex datasets from various sources into cohesive datasets ready for submission.

Looking Ahead

With the anticipated enhancements in their ERP and financial systems, LabConnect not only intends to maintain its competitive edge but also aims to provide exceptional service to its growing clientele. The collaboration with Deloitte is poised to be a game-changer, setting new standards in operational efficiency and service reliability in the dynamic world of clinical trials.

For further updates on LabConnect and its innovative solutions in the healthcare domain, visit LabConnect's website or follow them on LinkedIn.