Download our Free Guide:
The Five Biggest Mistakes Business Owners Make
Stay compliant with requirements and regulations surrounding biotech accounting.
Track and manage financial data across multiple entities using a single, comprehensive accounting system.
Track separate administrative, R&D and Clinical Trial project costs for analysis, investors, and regulators.
Don’t accept disjointed financial management and reporting
- Does your accounting software meet your administrative, R&D and Clinical Trial reporting requirements?
- Are you able to effectively manage multiple entities and locations?
- Do you have effective dashboards that deliver the information your Board of Directors needs?
If you’re not following regulatory practices, you are risking the potential of your clinical initiatives and the long-term success of your firm. You don’t have to settle for an accounting solution that doesn’t fit your individual needs. Partner with an accounting firm that has the specialized experience you need to report on and manage your growing Biotech business.
Here’s How You Use Financials to Increase Your Prospects for Success
With the right combination of technology and tools, you can have a customized accounting system that delivers what you need to provide accurate financial data related to your Research and Development and Clinical Trial initiatives.
Flexible Accounting Software Solutions
We partner with industry-respected accounting vendors and third-party specialists to create a flexible custom accounting solution.
Comprehensive Reporting
We produce quarter over quarter and year over year administrative, R&D and Clinical Trial reports by entity and location to help you evaluate your financial trends.
Robust Budgeting and Forecasting
We use advanced financial management tools to develop robust and realistic budgeting and forecasting to help you make more effective operational decisions.
Here's how to get started:
1. Schedule a No-Obligation Call
Your time is valuable, and we don’t want to waste it. Let’s schedule a discovery meeting so we can discuss your needs and confirm there’s a fit.
2. Receive Your Accounting Review
We'll review your accounting documents, then provide you with a customized report that includes our findings and our recommendations for moving forward.
3. Attend Review Meeting
We'll host up to a 2 hour meeting to review our findings and recommendations, answer any further questions and outline how we'll work together.
4. Review Your Proposal
Working from our review, we’ll provide clear and actionable recommendations for improvement related to your particular processes, software, and systems.
5. Engage Us For Your Needs
If you approve of our recommendations, you’ll sign an engagement letter and we’ll start work!
Track Administrative, R&D and Clinical Trial Data to Achieve Success
As a biotech firm, you need to make sure your accounting tracks the various aspects of your life sciences organization. Failure can inhibit your ability to manage projects and drive financial success. Lescault and Walderman has the specialized experience and expertise you need to get more from your accounting data.
For those Biotech firms set up as small-cap publicly-traded corporations, we are well-versed in the reporting and financial management necessary to satisfy the complex regulatory requirements. That’s why our solutions provide on-demand dashboard reporting.
If you use multiple entities for legal structure purposes, your accounting solution needs to have consolidation capabilities that are only offered by single accounting/ERP systems. Our partnership with Sage Intacct allows us to build enterprise-level financial data dashboards so you can quickly and effectively access individual project reports across multiple entities and locations.
We also provide clear and actionable budgeting and forecasting. When you have realistic budgets, you can establish accountability for each of your departments. This fiscal accountability can be tied directly to specific projects to better manage Research and Development and Clinical Trials. Accurate forecasts are also essential. When you work from a reliable forecast, you will experience fewer surprises and setbacks.
Unfortunately, accounting systems typically fail to match the unique applications of wide-ranging Biotech company profiles. When you work with Lescault and Walderman, you’ll implement a custom accounting for biotech solution that fits your budget and technical requirements.
