Prendio

Prendio is a procure-to-pay platform built specifically for life sciences and biotech companies. Developed in Boston's biotech community, it covers the full purchasing workflow from requisition through payment, and is designed for mid-sized biotech organizations that need a focused, straightforward solution without the complexity of general-purpose enterprise procurement tools. It serves R&D teams, finance departments, and venture capital firms managing multiple portfolio companies.

The platform handles procurement, payment processing, and financial reporting in a single connected workflow, with integrations to major ERP systems and a built-in supplier catalog with punchout support. Prendio is positioned as a cost-effective alternative to larger procurement systems, requiring minimal training and offering flexible, month-to-month contracts.

Biotech-Specific Procurement

• Designed to address the purchasing needs of life sciences organizations.
• Supports complex lab supply chains, CRO services, and specialized vendors.
• Built with compliance requirements in mind, including FDA and GMP standards.
• Maintains a secure audit trail for all transactions.

Integrated Procure-to-Pay Workflow

• Manages procurement, payment, and financial reporting within one platform.
• Automates purchase approvals and payment processing to reduce bottlenecks.
• User-friendly dashboard guides each role through requisition creation, approvals, order placement, item receiving, and invoice preparation.
• Payments are processed directly within the platform to reduce manual errors and improve transaction security.
• Supports customizable payment approval processes to match organizational workflows.

Supplier Catalog and Punchout Integration

• Includes a dynamic universal catalog with peer and system ratings to help scientists and buyers compare products and pricing.
• Items not found in the catalog can be added and will be retained for future searches.
• Comes preloaded with a broad set of supplier punchouts on the dashboard, with no requirement for third-party integrators or additional setup fees per punchout.

Financial Controls and Reporting

• Tracks and manages spend with detailed, customizable reports.
• Automates reconciliation of invoices, purchase orders, and packing slips.
• Scan and match technology reduces manual data entry for finance teams.
• Stores invoices, receipts, and vouchers in the cloud with no expiration.
• Provides visibility into procurement spend and liability reporting.
• Reporting package supports data export for budgeting and efficiency analysis.

Who It Is For

• R&D teams: Reduces time spent on administrative tasks, speeds up requisition approvals, and allows quick order status checks.
• Finance teams: Reduces data entry through scan/match technology, stores financial documents in the cloud, and bridges to ERP systems with minimal manual effort.
• Venture capital firms: Provides spend visibility and accurate liability reporting across portfolio companies, and supports back-office efficiency without adding headcount.

ERP and System Integrations

• NetSuite
• QuickBooks Online
• QuickBooks Desktop (all versions)
• Microsoft Dynamics Business Connector
• Oracle Fusion
• Sage Intacct

Prendio is offered without multi-year prepaid contracts, allowing organizations to cancel if the platform does not meet their needs. The platform was built by professionals with biotech industry experience, and client support is provided directly by the Prendio team. Documented case studies include procurement implementations at C4 Therapeutics and Ventus Therapeutics, the latter of which reported over $150,000 in savings while scaling research operations without increasing headcount.