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Life Science industry knowledge identifies the ideal financial tool-set

A Life Sciences biotech company focused on microbiome cancer therapy has had the fortune of accelerated growth. With strategic guidance from Archetype, the company chose the implementation of PBCS –  a robust platform with capabilities to solve the organization’s complex financial requirements.

Problem

Having recently gone public, the young Boston-based startup’s SEC and management reporting needs were steadily increasing in complexity, requirement and compliancy.

Additionally, anticipated financial requirements for future stages of development called for consideration of a sophisticated planning and forecasting application. With no dedicated internal IT support within the organization, the company required a reliable cloud-based tool that would solve their needs while keeping on-premise IT support small-to-nonexistent.

Solution

The initial objective of this project began with implementing a starter package of PBCS. This was done to enable the biotech organization more efficient management and forecasting of their financials and cash flow.

After a seamless Archetype-led implementation, we partnered with the organization to measure, assess, and ensure that the implementation of a mature planning system, especially in the early stages of a company’s financial evolution, proved successful.

With a deep understanding of the Life Science industry, Archetype has built a strong financial planning platform that meets the current needs of business partners, but with a keen eye also on the future. The application will integrate seamlessly with a host of additional financial and reporting tools as the company continues to mature.

Result

PBCS empowers finance departments, management teams, and company boards, to make faster and more informed strategic decisions – crucial decisions for meeting development objectives and evolving goals.

Archetype’s foundation in financial operations and experience in the Life Sciences industry gives us the ability to establish planning process best practices, while our technology expertise results in an ideal architecture of the planning solution.