Prendio

Prendio makes cloud-based procure-to-pay software designed around the needs of life sciences businesses, especially small and mid-sized biotech firms. The system follows a purchase from approval and ordering through receipt, payment and posting to the accounting system. Its users include scientists, finance teams and venture firms.

Services

• Supplier punchouts: punchout catalogues set up for each client's own suppliers.
• ERP integration: a partnership with NetSuite, plus connections to other ERP systems on request.
• Paperless three-way match: checks invoices against orders and receipts so only delivered goods are paid for, including reconciliation of CRO and service projects.
• Reporting: flexible charts for tracking spend against financial goals.
• Request dashboard: a simple screen for raising and following purchase requests.
• Payments: an integrated payment platform that brings scattered payment systems, data and audit trails together.

Who it works with

Prendio focuses on the life sciences vertical, serving small to mid-sized biotech companies and the finance leaders and researchers inside them.

Key facts

• Based in: United States
• Sector focus: life sciences and biotech
• ERP partner: NetSuite