Cora Systems’ Innovative Project Management Solutions
Philip Martin, founder and CEO of Cora Systems in Ireland, explains why his company is ideally positioned to help the pharmaceutical industry increase efficiency and save costs through their agile, flexible and intuitive project management software solutions.
The pharmaceutical sector is undergoing profound change, especially when it comes to companies and how they manage their project portfolios. The management of projects has changed significantly in the past two decades. People used to write beautiful to-do lists and stick them on the office wall. The minute they were up they became outdated, of course. Now there is a better way of doing things, but along with tech improvements, incredible new complexity in how the industry operates has come at the same speed.
Every morning, senior program managers have to battle with issues like the patent cliff, regulatory compliance and deviation or overspend challenges. In the past, companies used to accept losses of a couple of million dollars but with cost pressures mounting, cost-effectiveness and controlled product development are now critical issues. As we have seen in Ireland very clearly – where my company is headquartered and nine of the world’s top 10 largest pharma corporations are based – having shared services offices, for instance, brings about economies of costs.