Frequently Asked Questions
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Save time by browsing answers related to pricing, features, and how we work.
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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.
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Frequently Asked Questions (FAQ)
What is a pharmaceutical costing platform?
A pharmaceutical costing platform is a tailored solution designed to assist pharmaceutical companies in accurately calculating, tracking, and managing the expenses related to drug production, research and development, packaging, and adherence to regulations.
Who can benefit from using a pharma costing solution?
This platform is particularly beneficial for pharmaceutical manufacturers, research and development laboratories, contract research organizations, contract manufacturing organizations, and biotechnology companies aiming to enhance cost management and ensure compliance with regulations.
Why is accurate costing important in the pharma industry?
Accurate costing is crucial as it helps maintain regulatory compliance, aids in developing pricing strategies, boosts profitability, and mitigates financial risks.
What key features does your pharma costing software offer?
Our platform offers real-time cost calculation, batch-wise tracking, API integration, compliance checks like GMP and USFDA, BOM management, and automatic reporting.
Does your application support formulation and API cost breakdowns?
Yes, we can integrate with most ERP systems including SAP, Oracle, and other pharma-focused platforms.
Is your costing tool cloud-based or on-premise?
On premise based.
How do you ensure data security and compliance?
Our system follows industry standards like 21 CFR Part 11, GAMP 5, and GDPR. We use encryption from start to finish and control who has access based on their role.
How much does your pharma costing software cost?
Pricing varies based on modules required, and deployment type. Contact us for a custom quote or free demo.
How does your costing platform help reduce operational costs?
By providing accurate, real-time insights into material, labor, and overhead costs, companies can avoid overpricing, underquoting, and resource waste.
What kind of support do you offer post-implementation?
We offer support around the clock, maintenance with service level agreements, and regular updates to the system.
Is your pharma costing software compliant with global pharma regulations?
Yes, our costing application adheres to GMP, GAMP 5, USFDA, EMA, and ICH guidelines.
Does the costing platform offer real-time costing dashboards?
Yes, it includes live data analytics, KPIs, and customizable dashboards for costing on a batch and product basis.
Do you offer a free trial or demo?
Yes, you can book a free demo to see how our costing solution can support your costing and compliance processes.
How does MedQuantas display cost insights?
The platform has dashboards that show cost distribution and pie chart visuals for easy analysis of raw materials, labor, and overheads.
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