The struggle

Many small and medium-sized companies in the industry often struggle financially and in terms of expertise when faced with the classic full-size solutions. For the first time, they now have access to a fully validated, cloud-based Microsoft solution designed to meet their needs.

Thanks to the collaboration with German YAVEON, these companies can now establish the necessary validated foundation for their businesses in an economically and resource-manageable way.

As the first in Denmark, NORRIQ can offer an industry solution based on the widespread Microsoft Dynamics 365 Business Central platform, which integrates YAVEON's Pharma/Medico solution, thus meeting all regulatory requirements, including GAMP5, GMP, 21 CFR part 11, and many more.

The solution, which runs in the cloud, represents a breakthrough in the Danish pharma and medico industry, where the same large (and very expensive) solutions from a handful of established suppliers dominate. The new solution is thus prepared and very easy for companies to validate.

A safe and reliable alternative

"It is customary to choose the same solutions from the same few suppliers regardless of the size and needs of the companies. This naturally relates to the stringent legislation the industry is subject to. It leads to a natural caution that makes one inclined to choose the same solutions as everyone else or as known from previous employment," says Bo Martinsen, CEO of NORRIQ, and continues: "Especially smaller companies with tighter budgets and less complex business needs often end up overshooting by choosing one of the classic, large solutions. They risk tying up a large part of their liquidity in IT instead of research and development, which is their lifeblood. Until now, they have not had any safe, validated alternatives to the large, established solutions, but that is what we are bringing now."

NORRIQ known in the life sciences industry

NORRIQ is itself an experienced supplier to the pharma and medico industry but has so far only provided industry solutions for, for example, financial management and warehouse and logistics, which do not require validation.

YAVEON, on the other hand, specializes in validated industry solutions and has over 16 years of experience in the field and 200 pharma and medico customers worldwide. It is the combination of NORRIQ's deep competencies within Microsoft Dynamics 365 Business Central and YAVEON's experience with validated applications that creates the new strong industry alternative.

"We fully recognize the market legitimacy of the large established solutions and have designed an open solution that can integrate with them when and if business needs require it. For the 500-600 smaller companies in the industry, it makes both economic and resource sense to start on our smaller, more user-friendly platform, which is prepared for all necessary validations," concludes Bo Martinsen.

Together with German YAVEON, NORRIQ is ready with an alternative to the large established IT solutions that have dominated the pharma and medico industry for years.

Accelerated digital transformation

Leveraging a team of over 100 experienced consultants, NFS specializes in areas critical to the financial industry, including digital transformation, artificial intelligence, financial crime, finance, risk, and regulatory compliance.

According to Philippe Desombere, COO of NORRIQ Group, "In today’s fast-changing financial landscape, banks and insurance companies are confronted with multiple evolving regulatory requirements and accelerated digital transformation."

NORRIQ Financial Services positions itself as a reliable partner for financial institutions, aiming to provide transformative and forward-looking solutions.

Their mission, "Transforming Financial Services with impact: from strategy to seamless implementation," underscores their commitment to helping clients navigate complex regulatory environments and embrace technological advancements.

Bo Martinsen, CEO of NORRIQ Group, highlights the firm's unique blend of experience and agility. "NORRIQ Financial Services provides an exceptional people experience, on par with what you would expect from a Big 4 firm, while keeping the agility of a scale-up organization," he said.

This approach includes clear career paths, robust counseling structures, and dynamic project teams that mix seasoned professionals with ambitious junior talent. The company prides itself on its values of trustworthiness, commitment, and value creation, not just for clients but also for its employees.

NORRIQ Stars

This commitment is reflected in their "NORRIQ Stars" initiative, which aims to empower consultants to excel in their roles and contribute significantly to clients' transformation programs. Managed by a team of seasoned directors with over 135 years of combined experience, NFS ensures that each client project receives high-level oversight and regular alignment with client stakeholders.

Since its inception, NORRIQ Financial Services has quickly gained the trust of major players in the financial sector, helping them streamline processes, mitigate risks, and unlock new growth opportunities.

As the financial industry continues to face unprecedented changes, NORRIQ Financial Services is poised to be a key player in guiding institutions through these challenges, offering innovative solutions and maintaining a focus on long-term, trusted client relationships.

In response to the rapidly evolving regulatory landscape and the digital transformation challenges faced by financial institutions, NORRIQ Financial Services, a division of the European NORRIQ Group, has announced its strategic initiatives aimed at delivering cutting-edge consulting services tailored for the financial sector.

The struggle

Thanks to the collaboration with German YAVEON, these companies can now establish the necessary validated foundation for their businesses in an economically and resource-manageable way.

A safe and reliable alternative

NORRIQ known in the life sciences industry

Together with German YAVEON, NORRIQ is ready with an alternative to the large established IT solutions that have dominated the pharma and medico industry for years.

Accelerated digital transformation

NORRIQ Financial Services positions itself as a reliable partner for financial institutions, aiming to provide transformative and forward-looking solutions.

NORRIQ Stars

The struggle

Thanks to the collaboration with German YAVEON, these companies can now establish the necessary validated foundation for their businesses in an economically and resource-manageable way.

A safe and reliable alternative

NORRIQ known in the life sciences industry

Together with German YAVEON, NORRIQ is ready with an alternative to the large established IT solutions that have dominated the pharma and medico industry for years.

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