Financial Platforms & Governance
ERP, Procurement, Integrations, and IT SOX Controls for Audit-Ready Financials
Celito helps life sciences companies lock down their financial backbone: from NetSuite ERP rollouts and procurement automation to real‑time integrations and IT SOX controls, so you can scale confidently toward IPO or M&A events.
Why It Matters
Biotechs face intense pressure to report clean financials while operating with lean G&A teams. Manual spreadsheets, disconnected tools, and weak IT controls create audit findings and delay funding events. Celito delivers an integrated finance ecosystem that accelerates close cycles, strengthens compliance, and eliminates redundant spend.
What We Deliver
NetSuite ERP & Finance Core
- Rapid NetSuite implementation (3–4‑month timeline) aligned to biotech chart‑of‑accounts.
- Automated procure‑to‑pay, order‑to‑cash, and record‑to‑report workflows.
- User access reviews, segregation‑of‑duties (SOD) matrices, and automated reconciliations.
- Post‑go‑live optimization and 24×7 functional / technical support.
Procurement & Spend Management
- Coupa, Zip, or NetSuite Procurement suite design and rollout.
- Catalog and punch‑out integrations for lab supplies and CRO vendors.
- Automated approval chains tied to budget controls and project codes.
- Supplier onboarding, risk scoring, and compliance documentation (W‑8 / W‑9).
Integrations & Data Exchange
- Pre‑built connectors for Workday HR, Carta equity, ADP / Gusto payroll, and banking APIs.
- Real time dashboards - Power BI or NetSuite Analytics Warehouse for cash, burn, and KPI views.
- Robust change control and versioning for integration scripts and middleware.
IT SOX & Audit Readiness
- ITGC and automated control library mapped to PCAOB guidance.
- Quarterly control testing, evidence gathering, and deficiency remediation tracking.
- Audit‑ready documentation: access logs, change management tickets, configuration baselines.
- Board‑level dashboards for control status, key dates, and risk heat maps.
Our 4‑Step Methodology
Assess
Current‑state finance tech stack and control posture.
Blueprint
Future‑state architecture, COA design, and control matrix.
Implement
Config, integrations, data migration, UAT, and go‑live.
Sustain
Continuous improvement, managed services, and audit support.
Engagement Models
|
Model
|
Typical Use Case
|
Commitment
|
|---|---|---|
|
NetSuite Fast‑Track
|
Series‑B/C biotech needing ERP in <4 months
|
3–4 months
|
|
Procurement Optimization
|
Add spend controls & automation
|
8–12 weeks
|
|
Integration Factory
|
Connect HR, banking, and equity
|
Project‑based
|
|
SOX Compliance Managed Service
|
Maintain ITGC, testing & reporting
|
Ongoing
|
Proven Outcomes
NetSuite go‑lives in 3–4 months with <6‑month payback.
Month‑end close accelerated by 25 % through automated reconciliations.
40 % reduction in manual data‑entry errors via system integrations.
15 % savings on indirect spend after procurement suite deployment.
Zero ITGC deficiencies in first‑year SOX audits for supported clients.