Proactive risk management is about putting your life sciences organization in a strong position to move quickly in the face of any risk event – and any opportunity.
Crowe knows the life sciences risk context you’re working in. We can help you anticipate and manage the risks that can prevent you from achieving objectives.
Our goal is getting your program to a point where you aren’t simply scrambling to react – you’re ready for what is coming, and able to think strategically about the future.
The stakes are high in life sciences, where lives are on the line – and if something goes wrong, you risk millions in costs and penalties and lasting damage to your brand and reputation.
The best preparation for any risk event is structured, validated processes and systems that can flex and adjust without major disruption.
That’s our specialty. We draw on our deep risk experience in the life sciences industry to evolve your risk management program toward greater flexibility and maturity – and we do it in a cost-effective and collaborative way.
What does a risk management program that’s doing everything right have? An enterprisewide understanding of risk. Defined processes. Technology that enables function. Everyone with a role and a purpose and the right skills to carry them out.
Crowe has the experience to help you build this critical foundation for handling risk – not just in silos but across all your different areas of focus.
Internal audit can be about more than checking boxes – it can create new value. We provide a different, more human-centered internal audit experience that goes beyond preserving value to create strategic value with timely, actionable insights to improve your operations.
We can help you manage operational risks related to structure, systems, people, products, or processes, including third-party risk, supply chain issues, business continuity management, compliance, and more.
As your organization grows, your technology risk does too. We can help you gain confidence that you’re staying ahead of this risk with co-sourced and outsourced internal IT audit, IT risk assessments, cloud computing governance, pre- and post-implementation system audits, and more.
GRC. Cybersecurity. Supply chain. Wherever you need it, we work with industry-leading platform providers to help you with the digital transition of key enterprise processes and functions. We also design, develop, and deploy solutions with low-code and no-code development platforms that enable speed to value.
Are you thinking about going public? Our team can help your company go public, whether through a traditional IPO or a SPAC. We can help you map out a customized plan and timeline that takes all the details into account.
Life sciences companies often rely on an increasing number of third parties, adding to potential risks and complexities. We can help you create a resourceful strategy to streamline your risk management processes without sacrificing flexibility or maturity.
You won’t have to explain your business to us. We’ve worked in the life sciences sectors, so we’re not going to make assumptions or make you retrace your steps. We can jump right to where you are and move forward with you.
No matter where you are, we start by listening carefully to understand your current situation. Then we can talk about where you want to be – and move into defining and executing a plan for getting you there.
With FDA approval imminent for our pharmaceutical client’s treatments, we helped this company get ready for transactions by documenting how revenue processes, including gross to net, would be designed.
We helped an international medical device company properly account for controls prior to and during a large-scale ERP implementation and assisted with redesign and implementation of financial and IT controls post-implementation.
As part of our independent validation of a quality assurance self-assessment for an international pharmaceutical company, we provided recommendations for improvement and best practices to be considered in addition to our opinion on compliance.
Technology isn’t a replacement for great processes and trained people. But when those pieces are in place, enabling technology really helps you move the ball on managing, monitoring, and mitigating risk.
Cloud computing has become an essential element for competing in the marketplace. Crowe can help you manage risk and create a cloud governance structure, design and implement cloud systems and technologies, and make your cloud more secure.
By providing access to real-time data and making your integrated risk management processes more efficient and thorough, we can help you use GRC technology to get ahead of risks.
We have a blueprint based on our deep experience in life sciences risk – but our goal is to tailor your plan to your unique situation. Then we draw on our extensive toolbox to build the program that’s right for your organization.
Whether you’re looking for a large team or simply want to co-source a data privacy officer, we can give you support where you need it. Give us a call.