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Pharmaceutical

Financial Management

Managing finances in the pharmaceutical industry demands precision, speed, and compliance. An ERP solution tailored for this sector streamlines financial operations, boosts cash flow, and ensures accurate reporting. By automating accounts receivable, accounts payable, general ledger, and fixed asset management, pharmaceutical companies can improve financial control, reduce errors, and stay compliant. These features enhance operational efficiency and support informed financial decision-making, helping businesses thrive in a competitive market.

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Accounts Receivable

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Accounts Payable

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General Ledger

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Fixed Assets

Accelerate Cash Flow with Accounts Receivable Management

Efficiently manage your receivables with automated tools that improve collection speed, accuracy, and visibility.

Automated Invoice Generation: Streamline billing by automatically generating and sending invoices based on sales orders, reducing manual data entry and speeding up cash flow.

Customizable Payment Terms: Adapt payment terms to each client, based on their credit history and order volume, helping to maintain healthy cash flow.

Real-Time Payment Tracking: Get instant visibility into overdue invoices and track payments in real time, optimizing cash flow management.

Credit Risk Management: Manage credit limits and minimize the risk of bad debt by assessing client risk and tailoring payment terms accordingly.

Accelerate Cash Flow with Accounts Receivable Management

Efficiently manage your receivables with automated tools that improve collection speed, accuracy, and visibility.

Automated Invoice Generation: Streamline billing by automatically generating and sending invoices based on sales orders, reducing manual data entry and speeding up cash flow.

Customizable Payment Terms: Adapt payment terms to each client, based on their credit history and order volume, helping to maintain healthy cash flow.

Real-Time Payment Tracking: Get instant visibility into overdue invoices and track payments in real time, optimizing cash flow management.

Credit Risk Management: Manage credit limits and minimize the risk of bad debt by assessing client risk and tailoring payment terms accordingly.

Accelerate Cash Flow with Accounts Receivable Management

Efficiently manage your receivables with automated tools that improve collection speed, accuracy, and visibility.

Automated Invoice Generation: Streamline billing by automatically generating and sending invoices based on sales orders, reducing manual data entry and speeding up cash flow.

Customizable Payment Terms: Adapt payment terms to each client, based on their credit history and order volume, helping to maintain healthy cash flow.

Real-Time Payment Tracking: Get instant visibility into overdue invoices and track payments in real time, optimizing cash flow management.

Credit Risk Management: Manage credit limits and minimize the risk of bad debt by assessing client risk and tailoring payment terms accordingly.

Streamline Vendor Relationships with Efficient Accounts Payable

Simplify the accounts payable process, ensuring timely payments, reducing errors, and improving supplier relationships.

Automated Invoice Matching: Match invoices to purchase orders and receipts quickly to ensure accurate payment processing and avoid discrepancies.

Flexible Payment Scheduling: Schedule payments to vendors based on their specific terms, cash flow availability, and operational needs.

Integrated Payment Systems: Use automated payment solutions to streamline transactions and reduce manual entry errors.

Complete Financial Visibility: Access real-time accounts payable reports to manage liabilities, track outstanding payments, and monitor cash flow effectively.

Streamline Vendor Relationships with Efficient Accounts Payable

Simplify the accounts payable process, ensuring timely payments, reducing errors, and improving supplier relationships.

Automated Invoice Matching: Match invoices to purchase orders and receipts quickly to ensure accurate payment processing and avoid discrepancies.

Flexible Payment Scheduling: Schedule payments to vendors based on their specific terms, cash flow availability, and operational needs.

Integrated Payment Systems: Use automated payment solutions to streamline transactions and reduce manual entry errors.

Complete Financial Visibility: Access real-time accounts payable reports to manage liabilities, track outstanding payments, and monitor cash flow effectively.

Streamline Vendor Relationships with Efficient Accounts Payable

Simplify the accounts payable process, ensuring timely payments, reducing errors, and improving supplier relationships.

Automated Invoice Matching: Match invoices to purchase orders and receipts quickly to ensure accurate payment processing and avoid discrepancies.

Flexible Payment Scheduling: Schedule payments to vendors based on their specific terms, cash flow availability, and operational needs.

Integrated Payment Systems: Use automated payment solutions to streamline transactions and reduce manual entry errors.

Complete Financial Visibility: Access real-time accounts payable reports to manage liabilities, track outstanding payments, and monitor cash flow effectively.

Simplify Financial Reporting with an Advanced General Ledger

Maintain accurate, comprehensive financial records to support informed decision-making and compliance.

Multi-Currency Support: Effortlessly manage multiple currencies for international transactions, ensuring accurate exchange rate handling and reporting.

Customizable Reporting: Generate tailored financial reports, including balance sheets, profit and loss statements, and cash flow analyses, to suit your business needs.

Real-Time Data Access: Access up-to-date financial data anytime, ensuring accurate reporting and faster financial closes.

Regulatory Compliance: Ensure compliance with industry regulations by maintaining accurate entries and financial reporting aligned with pharmaceutical industry standards.

Simplify Financial Reporting with an Advanced General Ledger

Maintain accurate, comprehensive financial records to support informed decision-making and compliance.

Multi-Currency Support: Effortlessly manage multiple currencies for international transactions, ensuring accurate exchange rate handling and reporting.

Customizable Reporting: Generate tailored financial reports, including balance sheets, profit and loss statements, and cash flow analyses, to suit your business needs.

Real-Time Data Access: Access up-to-date financial data anytime, ensuring accurate reporting and faster financial closes.

Regulatory Compliance: Ensure compliance with industry regulations by maintaining accurate entries and financial reporting aligned with pharmaceutical industry standards.

Simplify Financial Reporting with an Advanced General Ledger

Maintain accurate, comprehensive financial records to support informed decision-making and compliance.

Multi-Currency Support: Effortlessly manage multiple currencies for international transactions, ensuring accurate exchange rate handling and reporting.

Customizable Reporting: Generate tailored financial reports, including balance sheets, profit and loss statements, and cash flow analyses, to suit your business needs.

Real-Time Data Access: Access up-to-date financial data anytime, ensuring accurate reporting and faster financial closes.

Regulatory Compliance: Ensure compliance with industry regulations by maintaining accurate entries and financial reporting aligned with pharmaceutical industry standards.

Maximize Asset Efficiency with Fixed Asset Management

Track and manage fixed assets such as pharmaceutical production equipment, delivery vehicles, and facilities with precision.

Real-Time Asset Tracking: Keep track of asset locations, conditions, and usage, ensuring timely maintenance and reducing downtime.

Automated Depreciation Calculations: Automatically calculate asset depreciation according to industry standards, saving time and ensuring compliance.

Asset Lifecycle Management: Track assets throughout their lifecycle, from acquisition to disposal, and schedule regular maintenance to extend their lifespan.

Seamless Financial Integration: Integrate asset data directly with your general ledger to maintain accurate financial reporting and optimize asset management processes.

Maximize Asset Efficiency with Fixed Asset Management

Track and manage fixed assets such as pharmaceutical production equipment, delivery vehicles, and facilities with precision.

Real-Time Asset Tracking: Keep track of asset locations, conditions, and usage, ensuring timely maintenance and reducing downtime.

Automated Depreciation Calculations: Automatically calculate asset depreciation according to industry standards, saving time and ensuring compliance.

Asset Lifecycle Management: Track assets throughout their lifecycle, from acquisition to disposal, and schedule regular maintenance to extend their lifespan.

Seamless Financial Integration: Integrate asset data directly with your general ledger to maintain accurate financial reporting and optimize asset management processes.

Maximize Asset Efficiency with Fixed Asset Management

Track and manage fixed assets such as pharmaceutical production equipment, delivery vehicles, and facilities with precision.

Real-Time Asset Tracking: Keep track of asset locations, conditions, and usage, ensuring timely maintenance and reducing downtime.

Automated Depreciation Calculations: Automatically calculate asset depreciation according to industry standards, saving time and ensuring compliance.

Asset Lifecycle Management: Track assets throughout their lifecycle, from acquisition to disposal, and schedule regular maintenance to extend their lifespan.

Seamless Financial Integration: Integrate asset data directly with your general ledger to maintain accurate financial reporting and optimize asset management processes.

Maximize Rebates and Vendor Chargebacks with VAI’s Streamlined Management Solution

VAI’s Customer Rebates and Vendor Chargebacks streamlines the tracking and management of rebates and billbacks within pharma. This real-time solution ensures you never miss out on valuable financial opportunities and simplifies complex processes.

Customer Rebates Automation

Customer Rebates & Allowances Management: Efficiently manage various customer rebates and allowances, including volume-based discounts and promotional offers.

Accurate Financial Record-Keeping: Automatically accrue customer rebates to ensure precise financial reporting and improved accounting accuracy.

Streamlined Credit Memo Generation: Effortlessly generate credit memos for accounts receivable when customer allowances are approved, improving workflow efficiency.

Enhanced Customer Experience: Quickly issue credits for allowances and promotions, ensuring timely responses and boosting customer satisfaction.

Vendor Billbacks Simplified

Real-Time Vendor Rebate Insights: Access real-time data on potential rebate earnings from vendors based on your purchase history.

Faster Vendor Rebate Claiming: Simplify the rebate claiming process with intuitive, user-friendly programs to reduce manual entry and speed up credit memo generation.

Automated Billback Invoicing: Automatically generate invoices when vendor rebates require customer billbacks, streamlining accounts payable and receivable workflows.

Efficient Credit Memo Generation: Speed up credit memo creation for earned rebates, improving financial processes and reducing administrative time.

Customer Success Video - Financial Management

Maximize Financial Visibility with Real-Time Reporting & Analytics

Gain full control over your financial data with VAI General Ledger and Financial Statement tools. Streamline month-end reporting, track balance sheets, and analyze performance across multiple locations. With S2K Analytics and HealthCheck dashboards, uncover trends in inventory, profitability, and historical data—empowering executives to make data-driven decisions that drive business growth.

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