Specialties
NetSuite for life sciences companies
Biotech, pharma and medtech finance teams: R&D spend by program, clinical accruals, lot and expiry control, and a close that holds up to auditors and investors.
What we set up
We start from your programs, trials and funding, not from the module list.
R&D and program accounting
Spend by program, study and phase, with departments and classes set up so the board deck comes straight from the GL.
Clinical trial accruals
CRO and site accruals, prepaid tracking and vendor contracts, so trial costs land in the right period without a side spreadsheet.
Lot, serial and expiry control
Lot and serial numbers, expiry dates, quarantine and release status, with the audit trail regulated inventory needs.
Multi-entity and consolidation
OneWorld for foreign subsidiaries, intercompany and consolidated reporting in the currencies you report in.
Licensing and collaboration revenue
Upfront payments, milestones and royalties under ASC 606, using Advanced Revenue Management when the agreements call for it.
Audit-ready controls
Roles, approvals and close checklists built in from the start, so the first audit or diligence request takes a report run, not a project.
NetSuite system validation
A specific offering for life sciences teams who need their ERP validated and kept that way.
Validation package
Validation plan, user requirements, risk assessment, test scripts with evidence, traceability matrix and summary report, written for your quality team and your auditors.
Electronic records and signatures
Roles, permissions, audit trail and approval workflows configured and documented with 21 CFR Part 11 and Annex 11 expectations in mind.
Staying validated
Change control for customizations and NetSuite's two releases a year: impact assessment, regression scripts and updated documentation each time.
Validation runs alongside the implementation phases, so test scripts are written against the Blueprint and executed in Validate rather than bolted on after go-live.
How we deliver
Five phases, the same on every project, so you always know where things stand.
Kickstart
Planning
Goals, scope, timeline and who does what. We agree on what done looks like before anyone touches the system.
Blueprint
Design
How your processes will run in NetSuite: records, roles, workflows and the data that has to move.
Tailor
Build
Configuration, customization and integrations, built to the Blueprint and reviewed with your team as we go.
Validate
Testing
Your team runs real scenarios in a sandbox. We fix what does not fit before anything goes live.
Launch
Training and go-live
Role-based training, cutover and hands-on support through the first weeks.
Pre-revenue companies usually go live on the general ledger, payables and program accounting first, then add inventory and revenue as products move toward market.
Why life sciences teams call us
Finance teams in biotech and pharma are small and the questions are not. The board wants burn by program and auditors want support for every accrual, and a financing or acquisition can land at any time.
We have set up and repaired NetSuite for life sciences companies from pre-revenue biotech to commercial-stage pharma, and the same consultants stay on after go-live.
Common questions
Do we need to validate NetSuite?
If NetSuite holds GxP records such as lot genealogy, release status or batch records, your quality system will expect it to be validated. Many finance-only setups do not need it. We will tell you which applies and scope the package to the parts of NetSuite that are in GxP scope.
We are pre-revenue. Is NetSuite too much for us?
Not if it is set up for where you are. A lean general ledger, payables and program accounting build gives you investor-grade reporting now and a system that does not need replacing when you commercialize.
Can NetSuite handle lot tracking and expiry for regulated product?
Yes. We set up lot and serial numbers, expiry dates, quarantine and release status, with the audit trail your quality team and auditors expect.
Our NetSuite is live but the close still runs on spreadsheets. Can you fix it?
Yes. Much of our life sciences work is bringing accruals, program reporting and consolidation back into NetSuite after a setup that went live in a hurry.
Get NetSuite ready for your next financing
A 30-minute call with a consultant. Or email info@supportyoursuite.com.