Prendio For Biotech

Prendio For Biotech is cloud-based procure-to-pay software built for biotech and life sciences companies. A group of industry professionals formed in 2015 after finding existing eProcurement tools too complicated, and the product launched in 2016.

What Prendio For Biotech offers

• Supplier punchouts — catalogues from major suppliers set up specially for each customer.
• ERP integration — a partnership with NetSuite, with links to other ERP systems available.
• Paperless three-way match — checks that payment is made only for what was received and helps reconcile contract research and service projects.
• Reporting — flexible charts for tracking spend and progress toward financial goals.
• Request dashboard — a simple view of purchase requests from approval to order.
• Payments — an integrated payment platform that brings systems, data and audit trails together.

Who it works with

Small and mid-sized biotech firms, with tools for scientists, finance teams and venture firms that back them.

Key facts

• Founded: group formed in 2015, product launched in 2016
• Partner: NetSuite
• Delivery: cloud-based