Efficiency

CyThera needed to make their requisition process as efficient as

possible. Time wasted pushing paper was a big problem.

Company Size

CyThera is a small Research and Development company with no

revenue. Therefore, the key criteria in selecting a spend management

system was cost.

Manual Processes

Prior to Expensewatch, CyThera used a proprietary FileMaker database

for their requisitions. Employees tracked down signature approvals

manually .

CyThera Issues

Spend Management Goals

Paperless Systems

CyThera needed to create an efficient process to track procurement

procedures. Eliminating the paper trail and handling net purchasing

more efficiently was paramount. They wanted to simplify the entire

process to ?ow as smoothly as possible.

Improved Requisition Process

CyThera wanted a system that would allow them to submit an

electronic requisition and check the status online. Submitting and

reviewing requisitions needed to take much less time and cost much

less money.

Expensewatch Solution

Automation

Instead of filling out piles of paper forms, and then losing track of the

status of the requisition, users simply submit an electronic requisition

and check the status online. Managers review electronic requisitions

online that provide far more information and take less time to review.

Dynamic Solution with automatic upgrades.

The expensewatch.com online infrastructure allows us to easily add

new features and enhancements without burdening customers with

expensive upgrades that require local installation and support. Robust

functionality at an affordable price-something traditional enterprise

software doesn‘t offer, but expensewatch.com guarantees.

Why was CyThera Looking

for a Spend Management

Vendor?

CyThera needed to make the

requisition processes as efficient as

possible. Paperless and e-mail

notification were strong selling points.

CyThera Inc. is a private biotechnology

company focused on developing cell

replacement therapies for the

treatment of human degenerative

disease.

CyThera is developing a technology

platform that has the potential to treat

a wide range of human degenerative

diseases – these include liver disease,

Parkinson’s disease, macular

degeneration, and stroke.

The Company‘s initial focus is on

pancreatic islet transplantation for the

treatment of diabetes.

Spend Management Case Study

We have saved a tremendous

amount of paper pushing time

by using expensewatch.com.

We no longer have an

employee walking purchase

orders around the office for

signatures - now, everyone can

simply log in an approve!”

Lin Moody

Director, Finance & Administration

CyThera, Inc.

“