Science Exchange provides a web‑based supplier‑orchestration platform for pharmaceutical, biotech and CRO R&D teams. The solution consolidates ordering, contract management, PO generation, invoice reconciliation and payments across a catalog of over 3,800 pre‑qualified suppliers under a single master agreement, with configurable approval workflows and real‑time spend analytics. It integrates with ERP and compliance systems to ensure regulatory compliance and visibility into procurement spend.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
NVFounders
Product
Problem
Life sciences companies face fragmented procurement processes where scientists must manually source, contract, and pay a multitude of suppliers, leading to lengthy onboarding cycles, compliance bottlenecks, and limited visibility into spend.
Solution
Science Exchange offers a unified supplier‑orchestration platform that consolidates purchasing, supplier management, and payment processing into a single web‑based solution. Researchers can order products and services through a self‑serve catalog that aggregates over 3,800 pre‑qualified suppliers under one master contract. Configurable workflows guide requests through legal, finance, and quality approvals, ensuring regulatory compliance without slowing down experiments. The system automates purchase‑order creation, change‑order handling, and invoice reconciliation, then routes payments through a single payment entity. Real‑time spend analytics and customizable dashboards give finance and procurement teams actionable insight into category spend and budgeting. Seamless integrations with ERP, e‑procurement, and compliance systems enable data flow across existing enterprise tools.
Target Audience
The platform is designed for R&D scientists, procurement, finance, legal, and quality teams within pharmaceutical, biotechnology, and contract research organizations that need a streamlined, compliant supplier management solution.
Features
- Integrated R&D marketplace with 3,800+ vetted suppliers accessible via a self‑serve ordering portal
- Single master services agreement that replaces individual CDAs, MSAs, and MTAs for all suppliers
- Configurable, role‑based procurement workflows that enforce legal, finance, and quality approvals
- Automated PO generation, change‑order processing, and invoice matching with electronic payment execution
- Centralized spend analytics dashboard offering category‑level reporting, budget tracking, and KPI visualization
- API‑driven integrations with ERP, e‑procurement, and compliance platforms for end‑to‑end data synchronization
- Supplier qualification engine using online questionnaires and industry standards to maintain regulatory compliance
- Audit‑ready activity logs and role‑based access controls for traceability and governance