Biosuite is a procurement and spend management software designed for small and growing biotech companies. It integrates contract values, purchase orders, approvals, and invoices, allowing R&D, finance, management, and budget owners to view committed and invoiced spend and remaining value before it appears in the accounting system.
In the biotech industry, significant external spend often begins with agreements like CRO, CDMO, consulting SOW, or lab-service contracts. Biosuite uses AI to extract financial data from these documents and links it with purchase orders and invoices. It enhances financial control through structured purchase order approval routing, suggested invoice-to-purchase order matching, receipt confirmation, and 3-way purchase order, invoice, and receipt matching for the advanced plan.
Budget owners and operational teams can access their financial information without needing to go through finance or logging into an ERP. Biosuite complements existing accounting and ERP systems through structured data export. A free Starter plan is available for teams that have outgrown spreadsheets but don't require an enterprise procurement suite.
No comments or reviews, maybe you want to be first?