Why SAP?
Predicine Inc
• SAP S/4HANA® Cloud Private Edition for one source of truth that helps integrate processes spanning financial and operational reporting, inventory management, and expense management in SAP® Concur® solutions • Smooth integration with third-party revenue cycle management application • U.S. Food and Drug Administration validation services offered as part of the licensing agreement • Accely for in-depth skills that enable high-value solutions and a rapid return on investment
Healthcare | United States SAP S/4HANA Cloud PrivateEdition
Enhancing transparency and decision-making with one source of truth Through its genomic profiling tests and algorithms for cancer diagnostics and monitoring, molecular insight company Predicine Inc. is on a mission to empower the global healthcare ecosystem through innovation. With a business model that involves billing high volumes of patients individually for these tests, Predicine needed to replace manual, disjointed financial systems with an automated, unified solution. The company knew cloud-based ERP would help it improve billing processes, increase financial visibility, and support operational excellence as it scales up its fight against cancer across the globe.
100% Automation of billing and collection processes
20% Gross Margin improvements with optimized billing and inventory management
15% Carrying costs savings targeted with the new integrated landscape
Challenges
• Complex system landscape & integration. No Single source of truth • Lack of collaboration & capability to scale • Limited resilience for business processes
“In our high -volume, transaction-based business, SAP S/4HANA Cloud provides an essential backbone that enables us to scale globally and manage financial processes efficiently.”
CFO, Predicine Inc. -Linh H. Le
Outcomes
• Optimized operations, inventory and supply chain management • Improved decision-making • Improved finance operations
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