Sector

Life Sciences

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FINANCIAL SUPPORT

How can financial professionals make an essential contribution to Life Sciences?

This complex organizational environment demands highly educated and skilled finance professionals. Finance professional are scarse and it appears that companies are having difficulties with finding and retaining them to the company. At BAS Consultancy, we have the solution for this; the selection of finance professionals, based on the required skills. BAS trains, coaches and develops these finance professionals. We do this in collaboration with their training partner Creating Insights. This way the needs of the Finance professional of the future is met: challenged through interesting temporary assignments and the opportunity to continue to learn and develop structurally. BAS Consultancy serves small and large (international) project organizations, within the Life Sciences sector. Our finance professionals are familiar with standard systems and reporting requirements.

Streamlined processes, enhanced financial oversight

Digitalisation and automation in the financial column

Ongoing developments in the Life Sciences sector necessitate a strong emphasis on digitalization and automation within the financial infrastructure. This transformation fosters a closer integration between Financial Accounting and Business Control, leading to more efficient and transparent financial processes. Financial professionals are increasingly central in providing management and decision-making insights, enabling proactive contributions to strategic planning. Consequently, the financial function is evolving into the backbone of Life Sciences organizations, supporting effective management and ensuring future readiness.
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BROAD EMPLOYABILITY

Other competencies are required

The efficiency of the financial column in the Life Sciences sector is increasing, but also the complexity. This demands other competencies from financial professionals, who wish to play a role in this dynamic sector, than were required previously, i.e.: flexibility, willingness to change, adaptability, and affinity with systems and IT. Investments in staffing solutions have to be made now to find the right financial professionals for Life Sciences. The capacity that is available at present must be employed as efficiently as possible in view of the shortage.
A DYNAMIC SECTOR

Continuous innovation has a huge impact also financially.

The pharmaceutical industry and the Life Sciences sector are in the limelight. This is also due to the pandemic that has been holding the world hostage since 2020. Life Sciences contributed to scientists being able to develop various vaccines against COVID-19 in a record time. Apart from the COVID-19 pandemic, Life Sciences is a sector in which many developments are taking place. Topics such as ageing and technological innovations are resulting in exponential growth. All of these developments are resulting in constantly changing financial dynamics.
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whitepaper

How to build a dynamic finance team in times of change

Read more about the most important technological trends in finance in 2022 .The opportunities that technology offers for a dynamic finance team. How the visualisation of management information can lead to better informed decisions and how you can build a dynamic finance team with the Cloverleaf Model

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How can we assist you?

As a committed partner, BAS Consultancy supports organizations in optimizing their financial operations. Leveraging the expertise and capacity of our interim financial professionals, we deliver lasting value. From business controllers to financial controllers and auditors, our consultants possess sector-specific knowledge and understand the current and future financial challenges organizations face.

Interested in discovering what BAS Consultancy's specialists can do for your organization?

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BAS Consultancy
Eikenhorst 6
2245 BB Wassenaar

+31 070 312 20 80
info@basconsultancy.nl