Prescription Drugs

LIFE SCIENCES

Industries: Discrete/Service

Science Student

Dassian supports two critical sub-segments within the Life Sciences Industry which are Pharmaceutical Research and Development (R&D) and Biomedical Engineering/Research.  Pharmaceutical R&D may be sponsored by outside agencies and organizations as well as funded through internal investment capital. Biomedical Engineering/Research may be supported by both outside funding and internal investment. Customer or agency sponsored R&D for this industry generally span multiple years and are often managed as a complex project to assure adherence to demanding contractual requirements, while also providing critical and detailed project and managerial accounting business information to manage within funding levels. 

  

Clients in this segment primarily face challenges associated with performing customer project/contract work while identifying and adapting to changing customer requirements and risks as they manage to plan margin targets. In order to achieve these requirements, customers in this segment demand highly integrated project management systems aligned with detailed managerial accounting/job costing systems to deliver valid forecasts and full cost transparency for the duration of each contract. Often these customer contracts mandate complex invoicing requirements that include retentions, incentives and cost/risk sharing type arrangements which all require complex contract/project accounting and billing systems. These systems allow the service provider to invoice weekly, bi-weekly or monthly to recover incurred costs and fees associated with executing the contract. Customers in this segment frequently manage contracts for various public entities including contracts for state and local municipalities. These contracts require their suppliers to collect and invoice detailed “Actual” costs incurred in accordance with detailed definitions related to how such actual costs are collected and managed. Customers require these advanced system capabilities unique to this industry to be fully integrated with their foundational ERP system to assure timely, accurate and complete business information to support their needs to manage complex long-term contracts.

 

The integrated Dassian Solution portfolio is organized and described by four major business solution pillars - all of which extend and industrialize the SAP ERP digital core platform. For Pharmaceutical Research & Development and Biomedical Engineering/Research are supported by the majority of the Dassian solution portfolio within the Life Science market sector.

Three pillars provide solution capabilities that meet the above noted segment challenges through delivering the following capabilities: 

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Recommended Industry Solutions

CONTRACT MANAGEMENT

MANAGERIAL ACCOUNTING

Relevant

Potential

Not Relevant

PROGRAM MANAGEMENT

MATERIAL ACCOUNTING

  1. A robust Contract Management and billing solution permitting flexibility in achieving complex invoicing with automated management while allowing management of contract performance against funding with automated inception-to-date reporting, system controls and alerts. Grants flexible, automated capability to communicate critical, contractual business requirements with suppliers while facilitating the flow down of prime contract clauses. 

  2. Managerial Accounting extensions to fulfill unique requirements associated with full-time labor accounting: detailed transparency and active management of complex Indirect Rates and associated base or pools of unique expenses, flexible and risk adjusted variable considerations percentage of completion based revenue accounting processes, capability to provide detailed belly button and element of expense controls to prevent erroneous charges per charge number. 

  3. A fully integrated and intuitive Program Management solution which supports project cost and resource integration across the enterprise. The intuitive and simplified user interface reduces time and effort to manage and control projects to fully support Estimate at Completion (EAC) forecasting and offers powerful actionable analytics on your data. Solution provides a seamless integration to the SAP ERP Platform with popular non-SAP based scheduling tools to truly provide an INTEGRATED, not interfaced, Program Management System. 

  4. Material Accounting and Logistics Pillar is a potential Solution fit. This pillar includes a seamless extension to the SAP ERP system property management solution driven by natural ERP system transactions to ensure that all customer provided property is properly identified, tracked, managed and controlled in accordance with contractual specific bailments of such property. This pillar also includes a robust Material Accounting reporting and analytics capability to provide detailed historical parts costing of any level of the Bill of Material. Solution provides unique capabilities to monitor and track dynamic changes to project/contract manufacturing costs due to MRP driven schedule changes and resulting cost shifts due to MRP soft pegging and other changes.

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