The domestic pharmaceutical industry of Russia contributes substantially to the country’s economic growth. Advancing from 1.3 trillion in 2018, it is expected to witness a spike of 9.4% in 2019. Russia is poised to emerge as an end-to-end pharma manufacturing leader in the global industry by 2020.

Pharmaceutical companies are bound to follow various laws that are related to quality, safety, marketing, patenting and testing. Handling such complex operations manually is not feasible. If done wrong, it could throw a business off the track in no time. Therefore, most of the companies consider ERP for pharma trading.

An ERP system acts as the SPOC (single point of contact) for all the company data related to multiple departments to optimize workflows and increase business efficiency. ERP in pharma trading helps organ

• Batch and Lot Tracking
• Regulations Compliant
• Qualit0y Assurance
• Sales & Marketing Management
• Efficient Process Management

• Real-time Visibility
• Faster Revenue Tracking
• Improved Supply Chain Management
• Reduced Operational Cost
• Accurate Inventory Tracking

• Material & Inventory Management
• Documentation Handling
• Access to Critical Data
• Round-the-clock Customer Support

It is of utmost importance to document the recipe of every batch for safety and quality purposes. ERP for pharma trading comes handy when the data needs to be documented for auditing purposes.

Our business Software solutions including NewTechIQ 300cloud and NewTechIQ X3 simplify account payables, vendor management, inventory tracking and offer multi-language support.

To know more on NewTechIQ Pharma Trading industry, SMS NewTechIQ to 56767 or contact us here. You can also drop us a mail at Software for a FREE demo.