Resolve the hedge between efficiency and compliance, and help PHT to innovate green chemistry!

Jiangsu Behede Pharmaceutical Technology Co., Ltd. (hereinafter referred to as “PHT”) is a wholly-owned subsidiary of Behede International. PHT is committed to chemical synthesis and chemical analysis, analytical development and process research and development of complex molecules. In order to provide research and development services for new drug research and development projects of global customers. PHT is a national high-tech enterprise and has won many honors such as "Advanced Enterprise in Safety Production" and "Class A Enterprise in Safety Production" issued by the local government. Its continuous excellent operation has been recognized by many parties.

As a fast-growing drug R&D enterprise, PHT attaches great importance to enterprise R&D and innovation, as well as to enterprise operation and management. Because for pharmaceutical companies, the two complement each other, and efficient corporate management can help shorten the drug development cycle; and reduce operating costs on the basis of ensuring corporate compliance. After careful evaluation and screening, PHT chose to join hands with Oracle NetSuite & Hitpoint Cloud as a peer partner for enterprise digital construction.

NetSuite benefits and enhancements

•Unification of group information system: PHT Group and its subsidiaries use NetSuite system. By using PHT Group's Chinese subsidiary's A/C set, PHT Group can share relevant product master data and item numbers with the group, and easily realize inter-company related transactions and automate group consolidated statements;

• The comprehensiveness of functions not only completely replaces the business and financial functions of the original SAP system, but also adds project management functions, which run through the sales, procurement, expenses, working hours and other related business and financial information of the project with a project number, which is convenient for multi-dimensional analysis of project profitability. ;

• Project real-time analysis report: Reclassify various project-related income and expenses according to departments and projects through the system's flexible custom function, and reflect it on the project profit analysis report in real time;

•The flexible report function meets the real-time requirements of statistical analysis of various business departments and the integrity and automation requirements of financial statistics;

• The fixed asset multi-account function provides two sets of depreciation methods for a set of fixed assets, and meets the requirements of financial compliance and tax declaration differences;

In the future, drug R&D companies will focus more on innovation, not only drug product innovation, but also thinking mode and management mode innovation, so as to ensure the longevity of the enterprise and better ride on this Red Sea track. And Oracle NetSuite&Hitpoint Cloud has been working on the digital transformation of enterprises for many years, and it is the golden partner of enterprise innovation. This ERP project will surely help PHT to innovate green chemistry by taking into account compliance, efficiency and innovation at the same time.