Life Sciences

Life Sciences myGPcloud

 chart of accounts Are you currently tracking clinical trials & projects across multiple spreadsheets?
Managing and analyzing spreadsheets to determine project budget versus actual can be timely. With over ten segments in the chart of accounts, you can begin your project tracking as a segment in your General Ledger or, take the next step and improve operational efficiency and eliminate costly data-entry errors with myGPcloud’s Project Accounting. Either solution allows you to begin with a Purchase Order and track your expenditures while providing three-way matching when it comes times to pay the bill. With myGPcloud you can effectively allocate material and cost to a given clinical trial or project across multiple fiscal years.
gears Is tracking your lab equipment a full time job?  Do you manage Depreciation with Excel documents?
Maintain tighter control over asset purchases and accruals.  With myGPcloud’s tight integration between purchase orders, accounts payable and fixed assets you can ensure that all assets are accounted for right from the start.  Multiple fixed asset depreciation methods give you the flexibility to report book, tax and state depreciation as well as lease reporting and warranty tracking.You can manage asset depreciation with any of 16 depreciation methods, with the ability to back depreciation out, recalculate it, add additional depreciation, or project it ahead for any number of assets in your books.
glass-2 Does maintaining compliance suck up your resources?
Eliminate manual processes that make it difficult to track critical data needed for regulatory compliance. Drive accountability and achieve compliance with myGPcloud’s powerful audit trails, access restrictions risk management, and serial lot traceability. Maintain audit trails and signature records for both manual and automated transactions to satisfy 21 CFR Part 11. Microsoft Dynamics GP also includes serial lot traceability for control over your inventory and finished goods. What’s more, myGPcloud’s two separate and secure data centers satisfy SAS 70 Type II and SSAE 16 SOC1 requirements.
locations Can your current accounting solution support you through to commercialization?
Transition your disparate accounting system and spreadsheets to an ERP solution in the cloud that can scale with your organization. myGPcloud offers the in-depth visibility and reporting functionality your business needs today to effectively manage clinical trials and the discovery phase. Then, as you enter commercialization, you can easily expand your Microsoft Dynamics GP solution in the cloud or transition your system to on-premise.

The long and uncertain road of R & D and the clinical trial testing process can take several years to reach the point where you are applying for FDA approval. The need to minimize cost and increase efficiency during this period of negative cash flow is crucial. Additionally, during this phase between development and commercialization, your organization needs to be able to easily produce detailed financial, business intelligence reports and provide a strong ROI for stakeholders.