The pharma industry is a complex and highly regulated sector. The strict compliance requirements, high costs of drug development, and intense competition are only some of the challenges the industry faces. The only way to ensure compliance and competitiveness without incurring substantial cost increases is by investing in technologies such as Robotic Process Automation (RPA). With the help of RPA, pharma companies can automate several processes, including drug development and supply chain management. It will help pharma companies see noticeable improvements in their efficiency and time to market.
Why Agile Managex Technologies for RPA Solutions in Pharma Industry Sector
Regulatory Compliance
Our RPA solutions can help the pharma industry meet the strict regulatory requirements by automating regulatory compliance processes.
Clinical Data Management
RPA can be instrumental in helping the pharma companies manage clinical data more efficiently, thereby reducing any chance of error.
Supply Chain Management
Our RPA bots can automate tasks such as order processing and logistics tracking, bringing improvements in supply chain operations.
Pharmacovigilance
Pharma companies can automate the pharmacovigilance process, enabling them to respond to adverse drug reactions a lot sooner.
RPA Use Cases in Pharma Industry
Clinical Trial Data Extraction
Without clinical trials, pharma companies cannot introduce any products to the market. These trials considerable data which needs to be managed efficiently. An error in the data management process (collection, extraction, or analysis) can derail the clinical trial, resulting in substantial monetary losses. RPA can be helpful in automating the entire data management process, including extraction from multiple sources such as electronic health records and lab reports.
Adverse Event Reporting
During clinical trials or after the drug’s approval, adverse events can occur. It is a part of the product lifecycle. It is critical that pharma companies report these incidents to the customers, regulator, and other bodies to inform everyone about possible side-effects. Manual adverse event reporting is time-consuming and may allow an adverse event to prolong longer than usual. RPA can play an instrumental role in identifying and reporting adverse events to all stakeholders.
Order Processing
The pharma companies have a complex supply chain. A minor delay or error can cause organization wide disruptions, causing unnecessary delays in shipping the medications to the patients. RPA can take over the entire order processing and ensure pharma companies have everything they need when they need it. Whether it is placing orders or shipping them to sellers, RPA can do everything. This automation can reduce processing time and errors, improving delivery times.
Marketing
Due to the high competition and low profit margins, pharma companies need to ensure their marketing strategies are on point. It is the only want to differentiate themselves and promote their products to the target market. The marketing process is a perfect place to start the RPA implementation. RPA can automate tasks such as lead generation, competitor analysis, and report analysis. It allows your marketing team to focus on higher-level tasks such as developing strategies.
Taking the Next Step
RPA can bring the much-needed competitive advantage in your pharma company. If you wish to know more about RPA and its use cases in the pharma industry, Agile Managex Technologies is your go to partner. We are a leading RPA solutions provider working with clients in pharma and other industries.
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