Advice You - Business

Sage Training - A helpful guide for anyone that has had the task of company accounting dumped on them using Sage Software without the investment in training. If you need to have Sage training because you are not sure of what you are doing then conveniently place thi

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

s article on the bosses chair to bring it to their attention.

Sage Accounting software programs are great for recording business transactions and providing management data instantly when it's required. But why do so many business owners believe that buying a piece

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

f software will transform their business overnight without the in-house skills to use it? And this doesn't just apply to accounting software! "Oh well, you can use a keyboard, so you can do the accounts" this is usually a major part of the decision making process wh

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

en small businesses buy accounting software.

The person that can use the keyboard is struck with paralysis because they don't know anything about accounts and are too frightened to say "well if I’m going to do the accounts using Sage I'm going to need Sage training

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

because it takes three years to become qualified as an accountant and I don’t know anything about it and your expecting me to knock out management accounts for you at the end of the month." "Oh just read the manual" comes the reply

Manuals only make sense when you'

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ve been shown how to do it Is it me or do manuals only make sense when you know how to do something? Manuals tell us how the programs work they are not very good at how do I process this credit note because the goods have been returned and we need our money back.

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

here just isn't enough room in the book to cover every possible human encounter. About 80% of the transactions require only about 20% of the effort because they are straightforward and obvious to a book-keeper, once the rules are learned. The other 20% or so of tran

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

sactions require 80% of the intellectual effort. Trawling through a manual without any accounting experience or Sage training is definitely a non starter.

Sage training in the classroom This is the next step up from reading the manual. There are many Sage training

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

rganisations you can visit, including Sage Software PLC, who can provide you with excellent training facilities and guide you through the software. Sage training in the classroom usually takes the form of a fictitious company with a training manual that has preset t

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

asks for entering various transactions. Those preset tasks don't always match your business transactions.

The Sage classroom training is very good for learning how to put the data in but it doesn't teach you the accounting that goes on in the background. You need t

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

understand what goes on in the background if you are to produce accurate management reports and correct any input errors. There's one thing that's annoying about classroom training and it's that person that sits at the front and asks all the questions they already

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

know the answer to so they can impress others. Hogging the limelight and the tutor's time. It's in that instance when you wish you weren't so gentlemanly or lady like so you could get up and punch them on the nose. Sage training in the classroom is recommended if al

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

you want to do is input data.

Sage training in the workplace One to one Sage training is by far the best way to learn how to use the program but be wary, the person training you should be a qualified book-keeper or Accountant. Make sure you see their credentials O

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ne to one Sage training by a qualified person means you will learn more than how to process transactions, you will learn how to get out what you put in and apart from statutory information you will be able to handle any question your boss wants to throw at you. Funn

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ly enough they all seem to ask the same questions, How much do we owe, how much do they owe us, how much have we spent on, etc.

Sage training at your desk means it’s your data you're working on; the invoices, credits, customer receipts and purchase payments that yo

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

u are familiar with on a daily basis. Sage training in the workplace is less expensive than classroom based training: In a classroom environment there is more than you being trained and you have to share the instructor with other learners who will have had to pay th

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

same amount as you. Workplace Sage training is more efficient in that the instructor spends more time with you on specific issues relevant to your business and what you need to know Specific written training procedures for how you use the Sage software in your busi

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ness can be created so that anyone can process data consistently with management needs.

Software is just a tool, and without an experienced person behind a tool usually leads to disaster - Education is often considered expensive but it lasts a lifetime (which is mo

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

e than can be said for software) If your boss wants to go to bed at night comforted by the fact that the accounting function of the business is in safe hands then suggest some investment in training. But don't waste their time, if you really don't want to learn the

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

accounts tell them so - You can take a horse to water but you can't make it drink! And if you really want to become fully conversant with accounting procedures then contact anyone of the worldwide accounting bodies for more information.

Copyright 2006 Anthony Fallo

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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