Pioneering a new era in digitalization of health and life sciences
Boston, May 28, 2024 LONDON, Oct 23, 2020 /CNW/ — As part of a strategic alliance to accelerate the digital transformation of the global healthcare and life sciences (HLS) industry, TraceLink's Opus Platform Partner Program has welcomed RSM US LLP (“RSM”), a leading provider of assurance, tax and consulting services to the mid-market. Through this joint agreement, HLS leaders in supply chain, finance and information technology will have access to integration capabilities to rapidly link their enterprise systems to a pre-certified digital network of more than 290,000 entities across the healthcare and life sciences supply chain. By combining TraceLink's proven platform for end-to-end network integration, collaboration and supply chain intelligence with RSM's expert consulting, they will be able to leverage a streamlined “single-vendor approach” to access the real-time supply chain information they need to speed new products to market, reduce manufacturing costs and working capital requirements, and optimize the efficiency of their global, multi-enterprise workforces.
“Through our interactions with senior executives at leading pharmaceutical, life sciences and healthcare organizations, it's clear that despite billions of dollars of enterprise systems investments over the past decade, leaders recognize that gaining real-time, end-to-end supply chain information and visibility is critical to mitigate supply disruptions and ensure continued availability of products to patients,” said Shabbir Dahod, president and CEO of TraceLink. “Our work with RSM will enable our joint customers to quickly align their end-to-end supply chain digitization strategies by connecting their ERP, QMS, WMS and other enterprise system deployments with clean, real-time supply chain information obtained through multi-enterprise connectivity with companies that have been integrated into the TraceLink network for over a decade.”
The digital transformation of healthcare and life sciences supply chains has taken a major step forward with the integration of TraceLink's Opus platform with leading ERP systems such as NetSuite and Microsoft Dynamics 365. With TraceLink's platform applications such as Multienterprise Information Network Tower (MINT), customers can deploy proven B2B integration and process orchestration capabilities enabled by Opus to help various teams, such as supply chain planning, external manufacturing and supplier management, sales and marketing, and clinical supply departments, overcome everyday challenges caused by the inability to share data across siloed corporate boundaries.
“We are very excited to partner with TraceLink,” Joe Goldberg“This partnership allows us to combine our deep industry experience and service offerings with TraceLink's advanced supply chain orchestration technology to provide unparalleled service and capabilities to our clients. We look forward to continuing to deliver comprehensive and innovative solutions to the life sciences industry, and we are excited about the positive impact this collaboration will have on our clients' businesses and the industry as a whole,” said Romaji, CEO of TraceLink, management consulting partner and life sciences advisory practice leader at RSM US LLP.
The collaboration combines TraceLink's supply chain orchestration with RSM's seamless ERP integration and financial reconciliation expertise to accelerate pharmaceutical market entry and ensure streamlined operations and enhanced decision-making through collective intelligence. Key elements include:
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Integration and collaboration integration: Adopting TraceLink's Integrate-Once, Interoperate with Everyone™ approach through MINT provides a single integration point for all supply chain partners, which, combined with RSM's comprehensive knowledge, streamlines operations and enhances inventory management.
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Accelerated market entry: Together, TraceLink and RSM will facilitate rapid drug commercialization, integrating RSM's launch support with seamless ERP integration to speed the move from development to market.
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Improved decision making and efficiency: With expert consulting support from RSM, we integrate a complete supply chain view into your ERP system for better decision-making and maximum operational efficiency.
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Compliance and Performance Experience: Get expert advice on optimizing your systems while ensuring compliance with international regulations such as the US Drug Supply Chain Security Act and the EU Counterfeit Medicines Directive.
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Optimized Financial Operations: RSM's financial reconciliation services are enhanced with real-time supply chain information from the TraceLink network, including chargebacks, providing a comprehensive range of services to increase financial transparency and efficiency, and enable total supply chain management.
About TraceLink
TraceLink is a leading provider of digital supply chain solutions that deliver unprecedented visibility so companies can protect patients, ensure compliance, and optimize supply chain operations. TraceLink's cloud-based platform provides a single point of information sharing and collaboration for all supply chain partners and leverages advanced analytics and machine learning to drive actionable insights. With TraceLink, companies achieve end-to-end supply chain visibility and build stronger connections with partners to ensure the availability and integrity of life-saving medicines for patients around the world. For more information, please visit: Trace Link.
About RSM US LLP
RSM is a leading provider of professional services to the mid-market. The clients we serve are the drivers of global commerce and economic growth, and we are committed to developing leading experts and services to meet their evolving needs in today's ever-changing business environment. Our purpose is to inspire confidence in a fast-changing world and enable our clients and people to realize their full potential.
RSM US LLP is the U.S. member of RSM International, a global network of independent assurance, tax and consulting firms with 64,000 employees in 120 countries. For more information, please visit: rsmus.comlike us Facebookfollow me X or LinkedIn.
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SOURCE Tracelink, Inc.
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