10-12-2020: With increasing costs and expenses of production, it can be difficult for many biotech firms and big pharma companies to see positive results in their drug production process.

From overestimating sales to fluctuating costs of materials, manufacturing costs, and manpower, there are several factors that can cause a hike in expenses and reduce profit margins.

Additionally, the room for error is greatly reduced as companies struggle to regulate formulae, have manufacturers understand and study processes, and perfect the production process. It's incredibly time-consuming and can be inefficient, especially with the challenges of rapidly developing technology and increasing competition.

With the need for efficiency, accuracy, and standardization, Rondaxe is a company providing clients across the pharmaceutical sector with patented software, including EstiDATA™ and TechTRANSFER™. Both software programs can be used by stakeholders are different points of the supply chain, from smaller biotech companies to larger pharmaceutical companies, as well as manufacturers.

Each offers unique benefits, with EstiDATA™ focusing on cost-of-goods in various scenarios, and TechTRANSFER™ focusing on the streamlining and standardized exchange of data. These software help simplify complex models and information, from the cost of compounds and products to the process of production, recipes, and formulae.

They help reduce the margin of error and avoid problems like inefficiency, excess production and overestimating quantities, poor budgeting, and cost-management, and excess manpower; these programs digitize, store and process information faster.

Breaking down complex data into simpler, more accessible forms, they allow companies to focus their energy and resources on process that matter, such as research, development, and marketing.

Helping with those aspects of business too, a consultant with the firm shared their motivation behind the development of these software, “We live in a technologically dependent world, and if we're not using all the resources available to us, we're falling behind. Using software to manage the nitty-gritty, and simplify a complex process, make accurate predictions and projections, and transfer important and sensitive data is only scratching the surface of what our programs allow. This will help companies generate better outcomes, conversions, and focus on their products' quality and safety."

Making communication and the exchange of information easier, both software, especially TechTRANSFER™, greatly reduce manufacturing time, allowing faster, more accessible information on the go.