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SOLUTIONS

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.

medical-scientists-are-analyzing-data

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.
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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.
arabian-scientist-analyzing-research-results

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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