Life Sciences

NetSuite Solutions for Life Sciences


NetSuite for Life Sciences Companies

NetSuite for Life Sciences indeed offers a robust ERP solution tailored to the specific needs of small to medium-sized companies in the life sciences industry, including biotech and pharmaceutical firms. NetSuite for Life Sciences offers numerous advantages specifically tailored to the unique requirements of companies in the life sciences industry, such as biotech and pharmaceutical firms.

NetSuite for Life Sciences provides small to medium-sized companies in the biotech and pharmaceutical sectors with a powerful, flexible, and scalable ERP solution that addresses their specific needs and helps drive growth and success in a highly competitive industry.

Contact OpenTeQ today to learn how we can help you take full advantage of these features.

Wholesale Distribution

NetSuite Life Science Features

NetSuite can be a valuable tool for Life-Science companies, providing them with the necessary capabilities to manage their complex business processes efficiently. Here's how NetSuite can benefit Life-Science companies:

Process Automation
Process Automation

One of the core benefits of NetSuite for life sciences is the ability to automate many of the functions of the business, including any repetitive tasks slowing down employees and introducing key errors. With this solution, it’s possible to automate all financial controls, improve operations, and manage the books with precision and speed.

Supply Chain
Supply Chain Management

NetSuite enables life science companies to gain a clear and comprehensive view of their entire supply chain. That can help create real-time visibility into the functionality of the company at any given time. It empowers better control over inventory, provides better quality control measures, and streamlines the entire procurement process. It’s also fully customizable.

Flexibility and Versatility

Every life science company is different. With NetSuite, it’s possible to adapt the ERP to fit the specific profile and needs of your organization. This includes managing the entire production process, from prototyping to R&D to developing a market-ready product. It adapts to the stage of operation you are in at any given time.

Funding Management
Funding Management Easily

NetSuite for life sciences is profoundly effective in helping companies manage the grant and funding process. It is a preferred tool for its easy ability to be audited, and it provides access to detailed information in clear, easy-to-understand reports. This can help companies obtain the funding they need and keep investors interested.

Comprehensive Reporting

Life science companies can utilize NetSuite for its in-depth, highly detailed reporting solutions. This includes providing key oversight for specific KPIs, managing projects with in-depth detail, and building exceptional dashboards customized to fit the company’s needs, keeping valuable data at your fingertips whenever you need it.

Standardization for Efficiency

NetSuite works with life science companies to meet all needs. It standardizes lot control and compliance to reduce risk and enable proficiency. It is also designed to provide multiple entity management and consolidation. While doing so, it also delivers real-time and accurate inventory visibility, ensuring a reduction in delays. It saves companies time and money as a result.

Explore why Healthcare and Life Sciences
companies trust NetSuite for growth?

Our Services For Pharma & Life Sciences

Find out how OpenTeQ can help your organization simplify production, optimize inventory management, streamline order processing, reduce the cost of logistics, and provide outstanding customer service.

Holistic Customer

Holistic Customer First Strategies For Modern Business

Your Industry Is Our Specialty

OpenTeQ' Pharma and Life Sciences focused consultants have worked with hundreds of companies in the vertical to streamline operations and increase margin. Our proven business process consulting services uncover efficiencies and optimize your healthcare

manufacturing or distribution organization through a combination of strategy, technology and process. Let us evaluate your business and provide practical advice for process improvement and employee empowerment.

During this intensive process, we interview company managers, thoroughly examine all business processes from accounting to logistics, and engage with front line employees. We probe to find pain-points and bottlenecks - the hidden black-holes in your organization that gobble up margin. At the close of discovery, we provide actionable recommendations to ensure that your organization is a streamlined, margin-optimizing machine. We then stay with you through the execution phase of the plan, providing software and process implementation, integration and training.

Business Process Consulting from OpenTeQ will lead to reduced paperwork and manual processes, increase visibility into KPIs and, eliminate redundancies across the organization.

Eliminate Uncertainty With OpenTeQ's ImplementationPlus Methodology

With OpenTeQ's ImplementationPlus Methodology

We perform system deployments using ImplementationPlus, a proven methodology that allows us to plan, design, build, test and deploy your solution. ImplementationPlus is a proven proprietary implementation methodology that includes field-tested best practices and tools for flawless ERP system deployments, migrations, configurations and upgrades.

Eliminate Uncertainty

Time and again, the ImplementationPlus methodology has helped us produce successful, end-to-end implementations for the Pharmaceutical and Life Sciences Industry by following the same proven process for every project. Refined and perfected over hundreds of successful implementations, ImplementationPlus supports every phase of your deployment, from planning and development to education and ongoing support.

Pharmaceutical and Life

Pharmaceutical and Life Sciences Specific Solutions

Integrating ERP, CRM and E-Commerce Software

At OpenTeQ, we understand how frustrating it can be to have to re-enter data in

more than one system. We also know that this can cause a drag on business process efficiency and hinder the usage of the software by your employees.

In order to avoid or minimize this problem, we provide services to integrate systems like ERP, CRM and E-commerce software so data moves instantly and efficiently from one system to another without the need for duplicate entry. This means each system you use to run your business is using the same records to manage accounting, purchasing, sales, inventory and your e-commerce web store.

Our integration experts can analyze your business process and produce a cost-effective and viable plan for integrating your data between systems and the best, most efficient way to implement that plan in a timely manner. We will also stick around to support you on go live and going forward so you’re never in the dark or without help.

Empower Your Employees

On-Site, Online, & Classroom Training

Get Personalized Training For NetSuite, Adaptive Insights, Microsoft Dynamics & More....

The pace of business increases every day. To stay ahead of the competition, you need educated, empowered employees who can tap the full potential of your NetSuite, Adaptive Insights and Microsoft Dynamics systems.


We provide On-Site, Online and Classroom training in addition to custom training manuals for the software systems we implement. This training can help you realize additional value from your applications and provide the skills your employees need to share information efficiently, boost productivity and move your organization forward.

Convenient and cost-effective, our training offerings are designed by curriculum experts and delivered by certified, knowledgeable training professionals. For added value, our training uses actual business data, including all customizations and enhancements, and addresses such topics as process flow, application functionality and technical design and capability.


Switching Systems?

Don't Loose Your Precious Data!

Apart from your employees, business data is probably your organization’s most important asset. So when it’s time to move from one Accounting, Enterprise Resource Planning or Customer Relationship Management system to another, it’s vital that you enlist the services of an expert in data migration. At OpenTeQ, our experienced team follows a proven, structured methodology for

extracting your legacy data from your old ERP or CRM system and successfully migrating it into your new system. Using this time-tested process, we can scrub your old data, eliminate duplicate data and even enhance your data to make it more usable than it was previously.

When you call on OpenTeQ to perform your data migration, you’ll enjoy the confidence that your critical data will move from your old system to your new one safely, securely and quickly—enabling you to begin using it immediately. Plus, you’ll avoid the time, expense and potential errors associated with rekeying data from one system into another.

Because Compliance Matters

Even Distributors Face Regulatory Issues...

If the job of a CFO weren’t already difficult enough, the Sarbanes-Oxley Act and Health Insurance Portability & Accountability Act (HIPAA) has made it much more so. SOX law includes numerous checks, balances and requirements for financial reporting and controls that affect all publicly held organizations.


This means that in addition to their day-to-day duties, CFOs need to ensure that Sarbanes-Oxley rules are followed to the letter throughout their organization. HIPAA law provides for Healthcare continuity, privacy and accountability.

We can help you implement the right accounting, customer and patient software to help your organization achieve SOX and HIPAA compliance by managing compliance initiatives related to Sections 302 and 404 of the Sarbanes-Oxley Act and Section 164.502 of the Federal Register’s Department of Health and Human Services.

These systems can help you increase the visibility and transparency of your financial processes and internal controls and provide your CFO with better views into and more control over financial reporting as well as secure sensitive patient and customer data. All ERP or CRM implementation activities are conducted with compliance in mind, including having a clear project plan, well-documented processes and rigorous testing.

Accelerate Your NetSuite Implementation Time by 25-30% with OpenTeQ's Purpose-Built Solution for Life Sciences Companies.

The Life Sciences Industry (Pharma, Biotech & Medical Device) is experiencing challenges around the complexity and costs associated with an ever-expanding set of regulatory requirements in the United States and worldwide.

Whether you are a large enterprise going through digital transformation or a pre-revenue/SMB organization getting ready for commercial launch, you certainly prioritize speed, scale, and agility in your business processes to stay compliant with financial reporting and GXP processes.

As one of the trusted NetSuite Partners, OpenTeQ can help you achieve these goals by implementing and managing the NetSuite ERP that meets industry needs and automates your core business processes.

OpenTeQ's micro-vertical industry solution extends NetSuite's native suite success methodology to include process flows based on the industry's best practices.

Key Benefits of OpenTeQ's NetSuite Micro-Vertical Solution for Life Sciences:
  • Accelerates your digital transformation using reference architecture
  • 'Financial First' approach, including procurement processes
  • Build-in integrations framework with partners like CMO, Banks, etc.
  • Supply chain process automation, including meeting 21 CFR part 11 requirements
  • Accelerates NetSuite implementation time by 25-30%
  • Drives operational efficiencies with process standardization and automation
  • Maintains auditability and meet compliance

Checkout our NetSuite datasheet for details about business functions coverage, implementation, and deployment methodologies

OpenTeQ NetSuite Modules For Life Sciences

Core Netsuite Modules

Financials First





Core Netsuite Features

Reporting(Std & Cust)



Chart of Accounts

Fixed Assets


OpenTeQ Modules for Life Sciences

PO Approval Process

Bulk Upload

Expiry Date Management

Commerce Codes and Country of Origin Utilities

Revision Management

Field Services

Bartender Interface

Advanced NetSuite QMS

Native Netsuite B2B Portal

Document Management

Client Onboarding

Vendor Onboarding

Employee Onboarding


AP/ AR Automation


3rd Party Technology Partners
  • Payment
  • Payout Orchestration
  • Data Experience Platform
  • iPaaS
  • Data Warehouse
  • Data Migration
  • Data Augmentation

Power Life Sciences business to the Next Level

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