You need to
Plan the company's financial performance
Automate the calculations related to credits and loans
Plan operational costs for the company divisions
Design a recruiting plan
Plan the salaries for medical representatives and office workers according to the compensation types & company roster
Automate the planning of tax liabilities
The solution allows you to set normative criteria for payroll calculation by employees' grades or in more detail by their exact positions. The use of normative criteria for payroll planning helps minimize further labour costs of payroll calculation by compensation types.
Automated planning of tax liabilities
Summary payroll budget figures are calculated automatically based on the existing reference data. The budget is calculated for each employee separately based on a compensation type, the reference data on the compensations, tax expenses.
Easy calculation of tax liabilities
Navicon Budgeting Pharma can automatically calculate the property tax, added value tax, personal income tax, social tax, and other ones such as transport tax, land tax, ecology tax, etc. The calculation of industry-specific taxes is also possible.
Credit and loan planning
The planning of credits and loans starts with creating a credit agreement profile, so that the scheduling of each credit agreement's fulfillment will be done based on its profile. You need to input the plan of money lending and refund, then the solution automatically calculates the schedule of interest/commissions accrual and payments, the principal debt, the interest/commission debt, and the exchange rate difference in case the agreement was signed in a foreign currency.
You will be able to determine an allocation direction (i.e. which amounts to allocate to which cost centers) as well as an allocation rule (the bases to use for money allocation). The distribution of indirect costs on the summary budget's level is done automatically, based on the chosen route and allocation base.
4 budgeting techniques for pharmaceutical companies
Reduced costs and more precise & thorough process of tax liabilities calculation
Automated scheduling of credit agreement fulfillment, with the possibility of manual adjustments
Easier process of expenditure planning
The possibility of tracking the actual number of employees and the staff turnover by months of the fiscal year
Navicon Presents an Innovative Set of IT Solutions for Pharmaceutical Industry
System integrator number one in the pharmaceutical industry in Russia launched the first set of solutions for sales and marketing management at pharmaceutical companies. Navicon Pharma Sales 360 brand combines the flagship products of the integrator: Navicon CRM for client relations management, Navicon TDC (Trade Data Consolidation) for the complex analysis of distribution channels and for commercial reporting, Navicon TPM (Trade Promotion Management) for marketing agreement management, Navicon BI for real-time business data analysis.