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Science is Hard, our Process is Simple

Unlock Efficiency, Save More, Focus on Science: Maximize your budget, streamline workflows, and make data-driven decisions with Prendio's latest procurement innovations.

Biotech lab researcher using a laptop for spend and supplier management

Spend and Supplier Management: Optimize Resources, Maximize Your Budget

Prendio's enhanced supplier management tools and configurable dashboard help you make smarter spending decisions and unlock savings opportunities. With curated supplier punchouts, real-time payments, and actionable analytics, you can optimize procurement workflows and reinvest savings into critical R&D projects.

Configurable Dashboard

  • Tag preferred suppliers, optimize spend, and ensure compliance with minimal administrative tasks.
  • Make data-driven decisions with integrated analytics, uncover savings opportunities, and add in-app instructions for accurate product selections.
  • Access nearly 50 biotech-relevant suppliers and customize dashboard views to track supplier performance and key procurement data efficiently.

Preferred Supplier Punchouts

  • Access competitive pricing and streamline purchasing with a curated list of trusted suppliers.
  • Eliminate manual tasks like data entry and document processing, saving time and boosting cost efficiency.
  • Foster stronger supplier relationships with real-time product visibility and seamless approval workflows.

Payments

  • Automatically connect procurement activities to payments for real-time reconciliation, providing enhanced financial visibility and control.
  • Tailored for the complex compliance requirements of the biotech industry.
  • Streamline the entire procure-to-pay process, from requisition to payment, with built-in compliance and proactive cash flow management.
Life sciences researchers working in a lab to reduce procurement administration time

Empower Scientists, Reduce Admin Time

Cut down on repetitive tasks and streamline workflows to give your R&D team more time to focus on breakthrough science. Prendio’s new features help reduce administrative overhead, letting your team concentrate on critical milestones.

CRO Discovery

  • Save time and avoid costly research with AI-powered, data-backed recommendations, offering access to trusted, proven CRO partners.
  • Leverage Prendio’s $3B of data, 12K CRO contracts, and insights from 500 biotech customers to quickly identify the right CRO for your specific needs.
  • Find the perfect CRO match through an interactive, secure platform that integrates smoothly with your existing workflow.

MyLists

  • Create tailored views and pre-populated carts for frequently used suppliers and products, simplifying planning, ordering, and budgeting.
  • One-click ordering reduces manual data entry, saves time, and minimizes errors, optimizing procurement and improving lab operations.
  • Facilitate team collaboration through shared lists, ensuring transparency, effective planning, and accurate cost estimation for lab supplies.

OCR/AI-Enabled Three-Way Match

  • Process AP documents in 1-3 seconds, reducing manual tasks, errors, and increasing efficiency.
  • Automate data entry and document matching with AI-powered OCR capabilities, with 95% accuracy and eliminating time-consuming manual work.
  • Seamlessly extract complex, unstructured data, and continuously improves document processing through AI-driven machine learning and contextual understanding.
Researcher reviewing lab data for procurement analytics and data-driven decisions

Drive Insight to Action: Make Data-Driven Decisions

Turn procurement data into actionable insights to extend your financial runway and drive better operational decisions. With real-time analytics and tailored spending assessments, Prendio equips your team with the tools to act on key data and optimize spend.

Interactive PO Analytics

  • Curate and track your procurement data in real-time, making smarter decisions for improved financial planning.
  • Simplify accruals for improved internal communication and drive timely financial reporting for better planning and resource allocation.
  • Empower your team to make data-driven decisions, ensuring accurate reporting and fostering operational efficiency with integrated, intuitive tools.

Spending Assessments

  • Leverage advanced data insights to identify specific savings opportunities tailored to your business’s unique needs.
  • Benefit from measurable savings, backed by $9.7M saved by Prendio customers in 2024, driven by deep industry expertise and advanced reporting capabilities.

Specialized Savings Programs

  • Unlock exclusive discounts and promotions by working with over 70 preferred suppliers.
  • Utilize a growing network of trusted suppliers to negotiate the best deals and enhance purchasing power.
  • Tap into collective savings potential, with over $5.5B in 2024 spend, to drive continuous savings and growth.

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Case Studies

Biotech lab researcher using procurement software for C4 Therapeutics case study

Procurement Transformation at C4 Therapeutics Delivers Strategic Advantages, Cost Savings

Learn More

Life sciences researchers reviewing lab data for Ventus Therapeutics procurement case study

How Ventus Therapeutics Saved $150K+ and Scaled Research Without Adding Headcount

Learn More

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