LabConnect Partners with Deloitte to Enhance Financial Operations and Business Processes
In a move set to transform its operational framework, LabConnect, a premier provider of global central laboratory and support services for clinical trials, has chosen to implement Microsoft Dynamics 365 Finance and Supply Chain with the assistance of Deloitte. This collaboration aims to enhance both financial and business operations while aligning financial reporting with the company's long-term growth strategy.
This transition marks a pivotal step in LabConnect's initiative to modernize workflows and reduce reliance on manual processes. By automating critical financial and operational functions, LabConnect is poised to improve efficiency and strategically position itself for swift global expansion.
David Rynders, the Vice President and Head of Global Corporate Control at LabConnect, stated, "As we continue our global expansion, this ERP modernization will enable LabConnect to deliver quicker and more efficient solutions to our clients." Rynders emphasized that the partnership with Deloitte in implementing Microsoft Dynamics 365 Finance and Supply Chain enhances LabConnect's capability to provide seamless, efficient, and scalable solutions globally. The collaboration leverages Deloitte’s extensive expertise and industry-leading solutions to deliver swifter and optimized processes that bolster the reliability and responsiveness of LabConnect’s services.
Moreover, the upgraded ERP system is poised to significantly benefit LabConnect's clients, bolstering efficiency across various operational facets. Enhanced automation in financial and supply chain processes is expected to accelerate billing, improve turnaround times for kits, and increase accuracy in procurement and manufacturing operations.
Advanced Material Requirements Planning (MRP) features will enhance LabConnect’s ability to source unique products efficiently, refining logistics for supporting studies. Integrated data systems will facilitate more accurate and timely reporting, coupled with improved visibility into shipping and material tracking.
This digital transformation reaffirms LabConnect's strategic commitment to operational excellence and positions the company to meet the evolving demands of the global clinical trial landscape.
About LabConnect
LabConnect has established itself as the most agile partner for central laboratory solutions, delivering technology-driven, customized, coordinated and scalable support services for clinical trials of all sizes and complexities. With over 20 years of experience and more than 2,000 clinical trials conducted in 93 countries, LabConnect is a reliable partner for biotechnology, pharmaceutical, and clinical research organizations.
Thanks to its modern operational frameworks and strategic alliances with leading laboratories worldwide, LabConnect stands in a unique position to provide access to the latest innovations and automation technologies. The company prides itself on delivering superior service through a comprehensive array of central laboratory solutions, including tailored lab kits, advanced sample tracking, integrated logistics, globally standardized sample processing, an industry-leading test menu featuring over 20,000 validated tests, worldwide support for radiopharmaceuticals, and a next-generation biorepository.
LabConnect’s scientific experts support preclinical and clinical studies through scientific project management, bioanalytical and biorepository management, biomarker strategies, and logistical solutions. Notably, LabConnect excels in data management, seamlessly integrating complex data sets from various sources into a single, cohesive, submission-ready dataset.
For more insights and updates, follow LabConnect on LinkedIn or visit their official website at www.labconnect.com.