LabConnect Partners with Deloitte to Enhance Financial Operations and Efficiency
In a significant move to modernize its financial and operational processes, LabConnect — a leading provider of global central laboratory services for clinical trials — has recently selected Deloitte as its partner and Microsoft Dynamics 365 as its software platform. This shift aims to streamline financial operations while fortifying the company’s long-term growth strategy.
This partnership with Deloitte is particularly noteworthy as it represents a crucial step in enhancing LabConnect's enterprise resource planning (ERP) systems. As the demand for efficient and reliable laboratory support increases due to the growing complexities of clinical research, LabConnect recognizes the necessity for robust, automated systems that can handle intricate financial and supply chain processes.
David Rynders, Vice President and Global Corporate Controller at LabConnect, articulated the importance of this modernization: "As we continue to expand our global presence, this ERP modernization will enable us to deliver better service to our customers with more agile and efficient solutions." The integration of Microsoft Dynamics 365 Finance and Supply Chain is expected to not only reduce manual processes but also provide substantial upgrades to reporting capabilities and operational workflow.
The updated ERP system is set to bring several advantages aimed at increasing operational efficiency:
This transformation underscores LabConnect's strategic commitment to operational excellence. By embracing automation and integrated data management, LabConnect is better positioned to respond to the evolving needs of the global clinical trial landscape. Strengthening its service offering in this way is crucial to remaining competitive and meeting the demands of clients in an increasingly complex environment.
LabConnect has established itself as a trusted partner to biotechnology and pharmaceutical organizations, thanks to its supportive technological solutions tailored for any size of clinical trial. With over 20 years of experience and more than 2000 clinical studies conducted in 93 countries, LabConnect is at the forefront of providing innovative laboratory solutions.
Strategic alliances with leading laboratories around the world further position LabConnect as a pioneer in offering the latest innovations in laboratory automation. Their extensive suite of services includes customized lab kits, advanced sample tracking systems, and global standardized sample processing. Additionally, LabConnect offers comprehensive solutions for research projects that encompass project management, bioanalytical management, biomarker strategy, as well as logistical support.
With Deloitte's expertise in business processes and LabConnect's commitment to advancing healthcare research, this partnership is set to usher in a new era of efficiency and scalability in laboratory services. As LabConnect continues to enhance its capabilities, it remains dedicated to improving the reliability and responsiveness of its services, ultimately benefiting its clients and contributing to advancements in clinical trials worldwide.
For more information on LabConnect's offerings, visit www.labconnect.com.
Overview of the Initiative
This partnership with Deloitte is particularly noteworthy as it represents a crucial step in enhancing LabConnect's enterprise resource planning (ERP) systems. As the demand for efficient and reliable laboratory support increases due to the growing complexities of clinical research, LabConnect recognizes the necessity for robust, automated systems that can handle intricate financial and supply chain processes.
David Rynders, Vice President and Global Corporate Controller at LabConnect, articulated the importance of this modernization: "As we continue to expand our global presence, this ERP modernization will enable us to deliver better service to our customers with more agile and efficient solutions." The integration of Microsoft Dynamics 365 Finance and Supply Chain is expected to not only reduce manual processes but also provide substantial upgrades to reporting capabilities and operational workflow.
Benefits of the New ERP System
The updated ERP system is set to bring several advantages aimed at increasing operational efficiency:
- - Increased Automation: By automating key financial and operational functions, the new system will reduce manual intervention, thus speeding up billing cycles and improving delivery timelines for laboratory kits.
- - Enhanced Material Requirements Planning (MRP): This capability will allow LabConnect to procure unique products more efficiently, optimizing logistics in support of clinical testing.
- - Integrated Data Systems: The new system will enable more accurate and timely reporting, enhancing visibility into shipments and materials tracking.
Strategic Commitment to Operational Excellence
This transformation underscores LabConnect's strategic commitment to operational excellence. By embracing automation and integrated data management, LabConnect is better positioned to respond to the evolving needs of the global clinical trial landscape. Strengthening its service offering in this way is crucial to remaining competitive and meeting the demands of clients in an increasingly complex environment.
A Reliable Partner in Clinical Trials
LabConnect has established itself as a trusted partner to biotechnology and pharmaceutical organizations, thanks to its supportive technological solutions tailored for any size of clinical trial. With over 20 years of experience and more than 2000 clinical studies conducted in 93 countries, LabConnect is at the forefront of providing innovative laboratory solutions.
Strategic alliances with leading laboratories around the world further position LabConnect as a pioneer in offering the latest innovations in laboratory automation. Their extensive suite of services includes customized lab kits, advanced sample tracking systems, and global standardized sample processing. Additionally, LabConnect offers comprehensive solutions for research projects that encompass project management, bioanalytical management, biomarker strategy, as well as logistical support.
Conclusion
With Deloitte's expertise in business processes and LabConnect's commitment to advancing healthcare research, this partnership is set to usher in a new era of efficiency and scalability in laboratory services. As LabConnect continues to enhance its capabilities, it remains dedicated to improving the reliability and responsiveness of its services, ultimately benefiting its clients and contributing to advancements in clinical trials worldwide.
For more information on LabConnect's offerings, visit www.labconnect.com.
Topics Health）
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