I recently led the implementation of Jaggaer’s eProcurement solution for a publicly-traded biotech organization with NetSuite as their ERP. RiseNow served as the implementation team. As of the writing of this blog post, the company has been live for about twelve weeks. Overall, I’ve been impressed with Jaggaer’s functionality. Here are five observations for a biotech company considering Jaggaer as their procurement solution:
Accounts payable is the foundation of a biotech’s financial statements. This role is often filled by entry-level staff with high turnover. This can cause problems for financial reporting. Thankfully, an advanced procurement system, if configured properly, can automate parts of the accounts payable function, ensuring that disruptions have a smaller impact on financial reporting. Here are four configurations that can automate accounts payable:
