NetSuite AP automation for biotech and life sciences
Biotech and life sciences companies operate in one of the most complex financial environments in business. Clinical trials, grant funding, multi-entity or multi-currency structures, and strict regulatory requirements demand financial controls designed to keep pace with the innovation you’re trying to deliver. Charted AP Automation solutions are embedded directly inside NetSuite, giving your team a complete view of your entire financial operations with clear audit trails, compliance, and AI-enabled automation using financial data your team can trust.
Charted AP Automation
Automatically capture and code invoices from SaaS vendors, cloud infrastructure providers, contractors, and agencies. Charted Invoice AI learns your GL structure, departments, and cost centers over time, reducing manual intervention and ensuring accurate coding across your entire vendor base, even as it grows.
Automatically match POs, receipts, and vendor bills, flagging discrepancies before they become problems within your desired timeframe. This is especially valuable for CRO and lab supply procurement where PO compliance directly impacts trial budgets.
Code invoices directly to clinical trials, grants, or funding sources in NetSuite. Invoice AI learns your team’s preferred coding patterns over time and can apply fixed line-level coding rules based on specific values, so the right accounts are suggested or applied automatically. For real-time spend visibility by trial, site, or cost category, your finance team leverages native NetSuite reporting directly, no manual exports required.
Route payments through a configurable approval matrix, avoiding the need for NetSuite licenses for every approver. Set approval thresholds by department, trial, grant, entity, or amount, and give stakeholders visibility into pending approvals without adding friction or compliance risk.
Process ACH, check, and international payments originating from the US directly from NetSuite. Consolidate your full payment run in one place with controls ensuring payments are only made against approved, matched invoices, keeping you compliant with 21 CFR Part 11.