The pharmaceutical sector faces numerous challenges, including patent expirations, strict regulations, and the high cost of drug development. Adaapt offers pharmaceutical companies efficient management solutions, allowing professionals to focus on life-saving treatments. This case study explores how Adaapt helped a leading pharmaceutical company streamline its purchase order processing.

Manual input of purchase order data can result in errors such as typos, incorrect quantities, or duplicate entries, leading to reconciliation issues and delayed payments.

 Missing or incomplete information on invoices can cause delays in approvals, impacting supplier relationships and resulting in late payments.

 Limited visibility into the invoice processing cycle makes it challenging to track invoice status, resolve disputes, and analyze spending patterns, reducing control over financial operations.

Relying on manual methods such as spreadsheets or paper-based systems for purchase order processing is time-consuming and error-prone.

 Existing solutions lack automation capabilities, leading to inefficiencies, delays, and increased processing costs.

 Traditional methods provide limited visibility into the purchase order processing cycle, making it difficult to track the status and resolve issues in real-time.

 Inefficient communication channels between departments involved in invoice processing can lead to delays, errors, and missed payments.

Automation of Purchase Order Processing: 

Adaapt integrated the purchase order process with vendors' systems, automating data flow. This eliminated manual data entry, reducing processing time and costs by 95%.

Adaapt implemented a real-time dashboard accessible to internal stakeholders and external vendors. This allowed monitoring of purchase orders, invoicing, and payments, improving communication and reducing delays.

The implementation of Adaapt' solution resulted in significant benefits:

95% reduction in processing time, from 10 minutes to just 8-10 seconds.

Automating tedious tasks freed up 10 Full-Time Equivalents (FTEs), leading to an 88% reduction in Operating Expenses (OPEX).

Improved compliance and risk management through automation of data validation and audit trails.

Enhanced accuracy with zero errors, ensuring data integrity and regulatory compliance.

Adaapt' digital transformation solutions revolutionized purchase order processing for the pharmaceutical industry, reducing costs, improving efficiency, and enhancing compliance. This partnership exemplifies the transformative impact of digital automation on critical business processes.

How Adaapt Achieved Reduction in Purchase Order Processing Time for a Leading Pharmaceutical Company

The pharmaceutical sector faces numerous challenges, including patent expirations, strict regulations, and the high cost of drug development. This case study explores how Adaapt helped a leading pharmaceutical company streamline its purchase order processing.

Bhaskar Raj on 26 March 2024

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