Why Consider a BPS Approach for Life Science Technologies?

Business-Efficiency

BPS – or Business Process Services – is an outsourcing strategy in which companies engage in licensing contracts with a third party vendor for back-office functions such as finance or front-office activities such as customer-related services. ARITHMOS became an Oracle BPS partner in 2011 and explains why the BPS approach in life sciences can be beneficial for companies.

A BPS strategy can take a lot of pressure of a company who wants to concentrate on its core operations activities and not deal with the task of maintaining an IT infrastructure. With more companies, especially in life sciences, using complicated database and reporting systems and cloud-based technologies, they must consider computer system compliance and various regulations. All of these factors can distract companies from their day-to-day operations.

What are the various advantages to a BPS strategy?

1.       Access to Experts in IT Infrastructure: Relying on a third party supplier with expertise in implementing, maintaining and validating systems takes the burden off the company. Expert IT analysts will perform an initial analysis to define user requirements which can reduce time and costs in the implementation phase and increase efficiency in the configuration phase.

Leaving technology activities to the experts allows the company to allocate more time to their business tasks.

2.       Focus on your Business Growth Strategy, Not IT Investment: IT investment for a company involves a significant financial investment, the hiring of more resources, more time allocated to maintaining the system including keeping with regulatory requirements and many, many training hours. In a BPS strategy, the IT experts and engineers worry about streamlining business processes and maintaining IT systems, while the company can focus on business strategy.

 3.       Cost Savings: If finances are a priority, BPS could be an ideal solution. Rather than investing in new technology and in new manpower, companies rely on the third party vendor, who is already streamlining processes and engaging in best practices for other companies. Oracle estimates that with a BPS strategy, cost savings could be between 15-35%.

Benefits of BPS include lower TCO (total cost of ownership) as well as operational costs since BPS looks to streamline administrative activities like payroll and human resource management while linking applications to any IT platform.

ARITHMOS BPS in Life Sciences

img%20per%20sito173116The joint value between ARITHMOS and Oracle exists in ARITHMOS having the capability to use and understand the Oracle applications and offer an optimum value package to clients. In turn, Oracle is providing ARITHMOS with a trustworthy brand and application to enhance the ARITHMOS business strategy through new product offerings.

By partnering with Oracle BPS, ARITHMOS offers its clients:

– Increased business efficiency and productivity with a reputable technology infrastructure
– Reliability through an experienced IT team to consult and manage business needs
– Capability to measure and quantify business efficiency inputs

Visit our website or email us at info@arithmostech.com if you are interested in learning more about the BPS approach from one of our IT and business analyst experts.

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6 Factors for a Successful ERP Implementation

In this week’s blog post, ARITHMOS‘ Head of Software Development, Gaetano Giusto, talks about successful ERP implementation. An Enterprise Resource Planning tool can be a key resource for any service-provider industry that manages many projects and struggles with communication between various departments.

By Gaetano Giusto, Head of Software Development

Business chartsIf you are reading this, maybe you are considering implementing or upgrading an ERP in your company, and you want to avoid the common mistakes and pitfalls encountered by many other companies. Searching on the Web, you can find dozens of implementation examples, suggestions, sources and even blogs, but a lot of these sources can just create more confusion. In this blog, I don’t want to talk about numbers or statistics but focus my attention on the most relevant elements you need to implement an ERP system successfully. This is my brief list of the most important factors to take into consideration:

1) Clearly define your needs: Never leave out or hide problems, difficulties, bottlenecks. Think clearly about what you do and do not want from your new system (e.g. more productivity, new sales, increased service levels, less expenses). You can draft several lists to identify your needs, but one final list should be used for your roadmap.

2) Define your measures: The first and most important measure is time. To guarantee a successful implementation, you need to understand when each step of the process should be completed. The second measure is a short set of indicators that will be used to monitor the steps of your roadmap. They can be used not only to respect project timelines, but to also analyze the gap between your expectations and reality. All of your measures and results, including reports, have to be comprehensible and calculated based on all the people involved in the project. The last important measure is the monetary return on investment for your company.

3) Think about people: Consider how many people from your company you need to involve. In addition to planning the number of hours needed for analysis, you also need to consider training hours for learning the new ERP and the productivity hours lost with employees involved in the implementation process. This last point is very important because if you don’t factor in this consideration, your current customers may be unhappy.

4) Invest your money wisely: Implementing an ERP system could be more or less expensive than you originally planned. Calculate your intended budget with room for unexpected expenses in order to allow for a successful implementation of all the elements on your list. All elements on your list should have an assigned budget to evaluate the return on investment of each step and understand if it is economically convenient.

5) Involve Experts: It can be exciting and overwhelming to implement a new system. Before trying something new, I suggest to involve experts in the type of project you intend to do. Involving experts in project management and ERP systems can save  time and money because they will usually assume the responsibilities of the project while you can focus on your customers and employees. They can also suggest time-saving and cost-cutting measures.

6) Be positive and Embrace the Change: Change can be difficult and risky, but great results can be wonderful!

Gaetano is responsible for furthering the development of ArithmosCentrum, ARITHMOS’ proprietary ERP software the manages the information flow between sales, project management, finance and resourcing for any project-oriented service provider. He brings over 15 years of experience in the IT sector and has expertise in software project analysis and consultancy for the implementation and development of business management software.

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ArithmosCentrum is a unique ERP system in that it improves project governance by incorporating project management and back office tasks and linking the project plan to the budget proposal and resource schedule and is customizable for specific industry or company needs.

ARITHMOS Appoints Software Developer for ArithmosCentrum

ARITHMOS Technology welcomes Gateano Giusto to its team as an experienced software developer to continue the development of the ArithmosCentrum ERP software package.

ARITHMOS announced today the appointment of Gaetano Giusto as Head Software Developer for ArithmosCentrum Enterprise Resource Planning (ERP) software.

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Gaetano brings over 15 years of experience in the information technology sector covering multiple roles including programmer, software developer, system integrator and IT project management. Prior to joining ARITHMOS, Gaetano was a Project Manager for a European IT company, responsible for the implementation, startup and development of management software and web solutions. He also has expertise in software project analysis and consultancy for the implementation and development of business management software.

Gaetano is responsible for furthering the development of ArithmosCentrum, ARITHMOS’ proprietary ERP software that manages the information flow between sales, project management, finance and resourcing for any project-oriented service provider. ArithmosCentrum is a unique ERP system in that it improves project governance by incorporating project management and back office tasks and linking the project plan to the budget proposal and resource schedule and is customizable for specific industry or company needs.

In addition to his work on ArithmosCentrum, Gaetano will also apply his knowledge and expertise to the continuous development of Symphony – ARITHMOS’ customizable and cost-effective electronic data capture (EDC) solution offered as a SaaS (Software as a Service) solution.

About ArithmosCentrum

ArithmosCentrum is an Enterprise Resource Planning (ERP) designed for any project-oriented service provider wanting to improve project governance. From the basics of timesheet management through to the more complex processes such as cost proposal preparation and resource scheduling, ArithmosCentrum helps you improve efficiency and communication while minimizing administration time.