 "MAIA Intelligence Enters Pharma Sector With Soham Alliance")
MAIA Intelligence, the provider of 1KEY BI Reporting and Analytics software, has entered into an agreement with Soham Computers, an enterprise software development company for pharmaceutical organisations. Soham has allied with MAIA Intelligence to deliver the breadth and depth of analysis, insight, and actionable intelligence that its pharmaceutical customers require.
Soham Computers develops enterprise software for pharmaceutical organisations. Soham provides solutions to optimise operational and financial outcomes, and helps companies elevate production, quality and efficiency. They do this through the company’s pharmaceutical suite, which supports day-to-day operational and transactional activities.
Suketu Shah, CEO, Soham Computers said, ‘We chose to integrate 1KEY BI with our Pharma ERP Suite so that by delivering a comprehensive reporting solution, we are enabling our customers to manage their reporting needs ‘more efficiently and effectively’".
“We are pleased to enter into this new venture with Soham Computers,” said Sanjay Mehta, CEO, MAIA Intelligence. “This partnership will broaden MAIA’s reach into the pharmaceutical market and enable us to leverage the breadth of our partner’s experience.”
“Enterprise applications for pharmaceutical industry companies are turning towards enterprise-class BI solutions that provide a common underlying architecture and end-user interface and integrate data from different laboratories, both research and clinical,” said Shah. “Pharmaceutical companies need complete visibility into their business performance. In the pharmaceutical industry, perhaps more than any other, time is money. The answer to many of these issues lies in a company’s ability to extract knowledge from raw data and to make it readily available where and when it is needed. Reporting and analytics is pivotal today for pharma companies,” he added.
The Business Intelligence for Pharmaceutical industry represents a significant market opportunity in terms of market size mainly because this vertical is composed of large organisations. These companies accumulate vast amounts of data through global discovery projects, numerous clinical trials, and post-marketing activities. These factors create a more pronounced and immediate need for BI tools across the product lifecycle in the pharmaceutical sector. As a result, a growing number of pharma companies are turning towards enterprise-class BI solutions.
The alliance looks forward to provide crucial reports like trend analysis reports (for QC and QA department), sales analysis reports (for marketing department), purchase and consumption analysis (for stores department), batch costing analysis (for costing department), fund flow management (for finance department), production planning and achievement (for production department) with 1KEY.
Under the terms of the agreement, Soham will bundle MAIA’s 1KEY BI technology and Data Analysis Module into its Pharmaceutical ERP Suite to provide companies with data analysis and reporting capabilities, helping them optimise business operations, enhance efficiencies and improve customer relations.