SAP certifies SpectraSoft solution for life-sciences industry

href="http://www.dqweek.com/Nagaraj-Bhargava-SpectraSofts-new-CEO">SpectraSoft
Technologies announced that
their 'SAP Business All-in-One' partner solution 'Spectra:Pharma',
which addresses the life-science business needs in India, has
undergone the qualification process and has been certified by SAP.
The industry-ready solution has been developed by a team of
experienced specialists from the life-sciences industry and is built
on the robust SAP ERP 6.0 platform. The certification comes after a
stringent evaluation process by SAP and makes SpectraSoft the only
such qualified solution for the vertical in India today.

The pharmaceutical industry in India is
in the midst of a significant growth trajectory given rising
healthcare spends globally, expiry of a series of patents and better
penetration of healthcare insurance. Leveraging these opportunities
and fostering growth would mean addressing and excelling in both
industry-wide challenges, such as bringing new products to market
faster, regulatory concerns, increase in compliance costs and pricing
pressures and company-wide challenges, such as superior quality
standards, increase internal cost efficiencies formulations, need to
scale infrastructure, attracting and retaining a skilled workforce,
ensuring pharmaceuticals supply chain effectiveness, realizing
quicker value from M&A's, alliances and collaborations to
maximize revenue growth. IT has come to play a critical role in
helping Indian pharmaceutical industry address these myriad
challenges.

SpectraSoft as a Business Solution
specialist for the life-sciences vertical has leveraged on its keen
understanding of the industry, the knowledge of the business
processes across the sub-verticals within the industry and the
experience in over 40 plus implementations completed in the industry
across the years; to develop an industry—ready solution —
Spectra: Pharma. The solution, which comes pre-configured with SAP
industry best practices and SpectraSoft's own solution
accelerators, allows pharmaceutical companies to obtain visibility
into all key business process excellence indicators, improve all
aspects of their business operations, ensure regulatory compliance
enabling the focus on quality and bringing all organization wide
functions on a common platform. The solution is designed to address
key business processes of the industry, including: quality
management, production planning and management, financial accounting
and controlling, materials management and procurement, sales and
distribution and plant maintenance; in the context of the Indian
life-sciences industry. Spectra: Pharma addresses the mission
critical business needs of Indian formulations, bulk drugs and
generic players, as they take rapid strides in their business.

Commenting on this certification,
Nagaraj Bhargava, CEO, SpectraSoft Technologies said, “This
certification is a substantiation of SpectraSoft's keen domain
knowledge and deep expertise in addressing the business solution
needs of the rapidly expanding Indian pharmaceutical industry. The
solution while addressing the business and process needs of
formulations, bulk drug, biotech and generics companies allows for a
rapid implementation, bringing down the 'Time to Value'
significantly.”

“It gives us immense pleasure that
Spectra:Pharma, an SAP certified partner solution will address the
life-science business needs in India. SpectraSoft has effectively
partnered with pharma customers in their business transformation
journey to help them manage critical business challenges. SAP
certification will further enhance this partnership,” said Debdeep
Sengupta, VP-SME and Channels, SAP India.

SAP Business All-in-One partner
solutions are qualified by SAP and developed, sold and supported by
SAP partners as a defined-scope implementation with consulting
services. Qualified SAP Business All-in-One partner solutions are
industry-specific versions of the SAP ERP application combined with
SAP best practice offerings, enabling streamlined operations, lower
costs and a proven path to growth.