QAD Financials in Life Sciences
Increase fiscal control and comply with industry mandates:
Centralized or Decentralized Operations: Includes fully internationalized shared services; support for multiple languages, transactions and reporting in any currency; multiple accounting calendars and charts of accounts.
Global Reporting: Provides multi-GAAP reporting of financial statements and multiple sets of books, which simplifies compliance with emerging treatments and standards, like International Financial Reporting Standards (IFRS).
Configuration Cost and Pricing: Automatically calculates prices for configurations, ensuring that margins remain strong and that customers experience fewer errors. Automatically calculates costs to ensure accurate profit calculations.
Enhanced Controls: Provides strict enforcement of the authenticity, integrity, auditing and confidentiality of electronic records and supports eSignature.
This supports the needs of the United States Food & Drugs Administration (US FDA) with Code of Federal Regulation 21 Part 11 (21CFR11).
Accounts Receivable Self-Billing: Processes customer-initiated payments by recording documents and applying payment credit to accounts receivable based on the line-item shipper details.
Retro Billing: Allows invoicing a customer for price changes on shipped items originally invoiced at a different price.
Cost Management: Provides multiple user-defined cost sets and elements for simulations and analysis, supports cost by location and supports multiple cost methods in parallel.