MedQuantas Costing Platform – Precision Pricing for the Pharma Industry
Transform your pharmaceutical pricing processes with our automated, transparent, and regulatory-compliant costing engine. Designed specifically for pharmaceutical manufacturers, PharmaCost eliminates error-prone manual calculations while ensuring complete regulatory compliance.
Costing Application
MedQuantas is a powerful pharmaceutical industry software designed to simplify and optimize cost management for pharmaceutical companies. As a specialized pharmaceutical manufacturing software, it provides real-time insights into production costs, batch-wise analysis, and compliance-ready reporting—helping pharma businesses improve accuracy, reduce waste, and make more informed financial decisions.
Costing Application
IIOT
PlatformThe Cost of Manual Pricing in Pharma
Manual pharmaceutical costing creates significant operational and compliance risks. From time-consuming calculations to increased error potential, these outdated methods undermine both efficiency and regulatory confidence in an industry where precision is non-negotiable.
0%
Industry Struggle
Industry Struggle of pharmaceutical companies face challenges with cost justifications during regulatory audits
0X
Time Consumption
0%
Error Rate
Higher probability of pricing errors using traditional spreadsheet methods
Regulatory Challenges in Pharmaceutical Pricing
Choose from flexible plans designed to fit diverse pharma costing requirements. Each package offers unique features, from basic costing to advanced IoT and container integration. Get the right tools to optimize your operations and control costs effectively.
Multiple Regulatory Frameworks
Navigating complex requirements across different authorities including DPCO, MoHAP, and SFCA demands specialized knowledge and constant vigilance to ensure compliant pricing submissions
Documentation Burden
Preparing extensive documentation for each regulatory body creates significant administrative overhead, with each authority requiring unique formats and calculation methodologies.
Audit Vulnerability
Manual pricing processes create significant exposure during regulatory audits, where inconsistencies in calculation methodologies or documentation can trigger compliance investigations.
The Complexity of Pharmaceutical Cost Structures
Pharmaceutical pricing encompasses numerous cost components beyond just raw materials. Each element contributes to the final price, with significant variations across different formulations using the same API. This multi-layered structure creates calculation challenges that manual systems struggle to manage efficiently.
Final Pricing
Culmination of all manufacturing costs plus margins
Packaging & Distribution
Primary/secondary packaging and logistics costs
Excipients & Intermediates
Supporting ingredients and processing materials
Analytical Testing
Quality control and regulatory testing expenses
Active Pharmaceutical Ingredients
Primary therapeutic compounds
The Excel Trap: Limitations of Traditional Costing Methods
Spreadsheet-based costing methods create a cycle of inefficiency in pharmaceutical pricing. They require constant manual updating, lack validation controls, and create version control problems. Most critically, they fail to maintain the audit trail necessary for regulatory compliance.
Initial Data Entry
Manual input of formulation components with high risk of transcription errors
Formula Calculations
Complex spreadsheet formulas prone to breaking with data changes
Constant Updates
Time-consuming verification of current prices and supplier information
Audit Preparation
Manual compilation of documentation for regulatory submissions
The Integration Challenge - Data Silos in Pharmaceutical Pricing
Traditional pharmaceutical systems operate in isolation, creating communication barriers between departments. This fragmentation leads to pricing inconsistencies, delayed responses to customer inquiries, and an inability to rapidly adapt to market changes or regulatory requirements.
ERP System
Contains material costs but lacks regulatory frameworks
R&D Database
Holds formulation data without pricing information
Regulatory System
Maintains compliance requirements without cost data
CRM Platform
Stores customer quotes without manufacturing costs
Introducing MedQuantas PharmaCost PRO
User Login & Access Control : The costing app begins with a secure login system that ensures only authorized users can access sensitive costing data. Role-based access control helps assign specific permissions based on user roles such as admin, manager, or analyst.
MedQuantas PharmaCost PRO transforms pharmaceutical costing with a purpose-built platform that eliminates error-prone manual processes. Our system provides transparent, compliant pricing calculations while integrating with your existing technology infrastructure for a seamless implementation experience.
100% Automation
Eliminates manual calculations and human error
Regulatory Compliance
Built-in templates for all major authorities
Real-Time Analytics
Seamless Integration
Connects with existing ERP systems
The PharmaCost Advantage
PharmaCost PRO adapts to your specific business model, whether you’re producing generics, branded pharmaceuticals, or both. The platform’s flexible architecture accommodates various manufacturing approaches while maintaining rigid regulatory compliance standards.
For Generic Manufacturers
API-centered formulation buckets. Simplified creation of multiple formulations. Streamlined regulatory documentation. Rapid cost sheet generation
For Brand Manufacturers
For All Manufacturers
Automated quote generation. Comprehensive audit trails. Role-based access controls. Regulatory-ready documentation
Streamlined Workflow with Role-Based Access
PharmaCost PRO enforces proper segregation of duties through its role-based workflow. This structured approach ensures appropriate oversight while creating a clear audit trail of all pricing decisions—critical for both operational efficiency and regulatory compliance.
Creator
Initiates the BOM creation process, inputting formulation details and establishing initial cost parameters. Creators leverage historical data and current pricing to build accurate cost models
Approver
Makes final authorization of verified BOMs, enabling conversion to official cost sheets for business teams. Approvers maintain ultimate accountability for pricing accuracy
Verifier
Reviews BOM accuracy, validates pricing inputs, and ensures regulatory compliance standards are met. Verifiers serve as the quality control checkpoint in the costing process.
The Complete Costing Process
Traditional pharmaceutical systems operate in isolation, creating communication barriers between departments. This fragmentation leads to pricing inconsistencies, delayed responses to customer inquiries, and an inability to rapidly adapt to market changes or regulatory requirements.
ERP Interface and Enquiry Initiation
The process begins with integration to your existing ERP system. Business teams raise enquiry requests through the platform, automatically capturing relevant historical data and current pricing information to establish a baseline for new calculations.
BOM Creation and Verification
Finance teams create Bills of Materials within PharmaCost PRO, leveraging existing formulation data. The system automatically routes new BOMs to designated verifiers who validate all components and pricing inputs before advancing to approval.
Approval and Cost Sheet Generation
Approved BOMs are converted to formal cost sheets through the platform. These undergo a final verification and approval process, ensuring complete accuracy before being shared with business teams for customer quotation.
Experience the MedQuantas Difference
Transform your pharmaceutical pricing operations with PharmaCost PRO. Our specialized platform eliminates the challenges of manual costing while ensuring complete regulatory compliance. Contact us today to schedule a personalized demonstration and discover how MedQuantas can revolutionize your pricing processes.
Time Savings
Reduce Costing process time by upto 75% throught automation and streamlined process.
Compliance Assurance
Elementary regulatory submission errors with built in complaines framework.
Cost Visibility
Gain unprecendented transparency into all pricing components
Customer Responsiveness
Deliver accurate quotes in minutes rather than days.
IIoT-Enhanced Costing Precision
Our advanced IIoT implementation transforms static analytical charges into dynamic, real-time data points. By capturing actual production metrics directly from manufacturing equipment, PharmaCost PRO eliminates estimation errors and creates unprecedented costing accuracy for pharmaceutical manufacturers seeking regulatory-grade precision.
Data Capture
Automated collection from production equipment
Analysis
Real-time processing of operational metrics
Integration
Seamless incorporation into costing models
Frequently Asked Questions (FAQ)
What is a Pharma Costing Application?
A pharma costing application is a specialized software designed to calculate, analyze, and optimize the cost of drug development, formulation, manufacturing, and distribution. It helps pharmaceutical companies manage pricing strategies, reduce overhead, and comply with regulatory requirements.
Why is pharmaceutical cost analysis important?
Accurate pharmaceutical cost analysis ensures competitive pricing, regulatory compliance, profit margin management, and informed decision-making throughout the drug lifecycle—from R&D to market launch.
What features should I look for in a pharmaceutical costing tool?
Look for features like:
- Costing application with IIoT support
- CRM Implementation
- Vendor Management portal
- Load optimization tool
Is it suitable for both generic and branded drug manufacturers?
Absolutely. Whether you are a generic manufacturer or branded drug manufacturer, the tool adapts to your product pipeline, offering precise costing and margin analysis.
What are the benefits of using this pharma costing software?
Yes. It’s built for scalability and can support multiple production sites, departments, and product lines, making it ideal for mid-size to large pharmaceutical enterprises.
Is the pharma costing app scalable for enterprise use?
- Reduced operational cost
- Improved product pricing strategies
- Accelerated time-to-market
- Better inventory and procurement control
- Enhanced ROI and profitability
Experience medQuantas.Precision Costing for Pharma Operations.
medQuantas simplifies pharmaceutical costing by capturing every variable from raw materials to logistics in one unified platform. Our intelligent solution provides real-time cost visibility, helping pharma companies manage expenses accurately, reduce losses, and improve profitability across the entire manufacturing process. Experience streamlined, data-driven costing with medQuantas — designed to meet the unique challenges of pharma operations.
Connect with a medQuantas Expert
Schedule a 30-Minute Product Demo with Expert Q&A
Our Clients
Our clients trust us for quality, innovation, and consistent results that drive business growth.
MedQuantas is an intelligent costing platform designed to streamline operations, enhance decision-making, and drive efficiency across your business.
Request a Demo
Have questions, need support, or want a custom demo? Our team is here to help.
Quick Links
Costing application
Costing application with IIoT support
Vendor Management portal
Blog
FAQ
Copyright © medQuantas.