How to Fight Financial Strain of the Medical Device Tax

To avoid off-shoring and losses associated with the impending Medical Device Tax, it has become imperative for pharmaceutical and medical device manufacturers of all sizes to eliminate as much inefficiency from their systems and procedures as possible. SMBs are especially feeling the heat, but with budgets that are even more restricted than larger enterprise counterparts, the fear of remaining stagnant and failing to grow is a major concern. So what can companies do to fight this? The answer may come in the form of a more robust, cost-effective technology.

Improving interoperability, scalability and overall communication throughout all departments in an organization is one way to cut the improvident fat that can drain budgets. Medical device manufacturers searching for leaner operations and processes are turning to improved, yet affordable ERP systems with faster implementations and pre-calibrated settings that are designed specifically for the medical field.

Oracle’s JD Edwards EnterpriseOne Accelerate Solution for Medical Devices shortens the implementation timeline.  Delivered at an affordable price, EnterpriseOne is a technology that’s designed to:

  • Increase company agility and user performance
  • Lower capital and operation costs
  • Provide automated recovery from failures
  • Simplify business and operational complexities to gain interoperable systems

The reason so many SMBs have invested in EnterpriseOne is the fact that they are able to access enterprise class applications with a lower Total Cost of Ownership and sooner Return On Investment. This allows SMBs a unique advantage to continue to gain ground on larger corporations – even with the Medical Device Tax – since they start to see value and improved operations from the beginning. Add in the scalability and ability to grow with an organization, and you have an ERP system that helps companies overcome the oncoming tax burdens while keeping to a path that fosters future expansion.

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