Accounting for Biotech Firms
Lescault and Walderman provides compliant and responsive accounting services to deliver clear financial data that helps you report on administrative, R&D and Clinical Trials.
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.
- 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.
5. Engage Us For Your Needs
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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 solution that fits your budget and budget and technical requirements.