From the Wires
Retroscreen Virology Chooses Deltek’s Cloud ERP Solution to Support Its Rapid Growth
By: Business Wire
Dec. 19, 2012 04:01 AM
Deltek, Inc., the leading global provider of enterprise software and information solutions for professional services firms and government contractors, today announced that Retroscreen Virology (“Retroscreen”), a fast-growing virology healthcare business, has selected Deltek’s cloud ERP solution Deltek First to support and enhance its significant growth. Retroscreen will use Deltek’s project-centric cloud ERP solution to manage key aspects of its business and improve its overall business performance.
Retroscreen is a virology healthcare business that provides clinical services, focused on the Viral Challenge Model (“VCM”), and pre-clinical analytical services, primarily to global pharmaceutical companies and biotechnology organisations. Retroscreen has grown and developed the VCM for evidencing the efficacy of antiviral and viral therapeutics in flu, cold and RSV viruses. 2012 is set to be a transformational year for Retroscreen as the company recently announced a Trading Update indicating revenue growth for 2012 in excess of 200%. With its significant growth, Retroscreen needs a fully integrated multi-dimensional solution to enable it to have the confidence and visibility to scale its growth with a next generation corporate infrastructure, leverage resources and improve utilisation, maximise client engagement margins and profit centre profitability, and accurately forecast future financials.
Instead of having different systems to manage core tasks such as resource management, management accounting, financial reporting and project planning, Retroscreen purchased Deltek First so it has one, integrated solution which eliminates the need for further investments and integration of new systems in the future. Based on webservice technology and built with projects at its core, Deltek First will deliver complete information about Retroscreen’s business ensuring that it always has a single source of the truth for measuring and forecasting the performance of its business.
“We were looking for a scalable solution that could help us improve our margins, forecast our business, leverage our resources and manage our entire project lifecycle better. After evaluating multiple solutions, we truly feel that Deltek First is an ideal and very powerful application, especially because it unites resource management, project accounting, finance accounting, scenario forecasting and dashboard reporting in one integrated multi-dimensional solution. It has been very reassuring working with Deltek throughout the selection process, because the company understands the project-centric nature of our business which is at its heart about people based service delivery. We look forward to working with Deltek as a key business partner in the years to come as we transform our financial and commercial management processes with Deltek First,” said Graham Yeatman, Finance Director of Retroscreen.
“We are very excited that a high growth company like Retroscreen has chosen Deltek First, our cloud ERP solution that is gaining traction around the world. Our many years of experience in the professional services industry gives us unique sector expertise. We are now deploying through the cloud so professional services firms of any size can access world-class capabilities with the low costs and ease of access. By purchasing Deltek First, Retroscreen has a fully integrated solution on a secure platform to support its impressive growth and future strategy. By uniting and managing its organisation through Deltek First, Retroscreen can focus on what it is good at – delivering projects for its customers and growing its business,” said Neil Davidson, Managing Director, Deltek UK.
About Retroscreen Virology
Retroscreen is a virology healthcare business that provides clinical services, focused on the Viral Challenge Model (“VCM”), and pre-clinical analytical services, primarily to global pharmaceutical companies and biotechnology organisations. Retroscreen has grown and developed the VCM for evidencing the efficacy of antiviral and viral therapeutics in flu, cold and RSV viruses. Retroscreen is focused on revenue growth, building capacity and pioneering a new way to conduct clinical trials in the development of drugs against virus, with the goal of dominating its space and pushing the bounds of scientific knowledge and understanding in virology.
Deltek is the leading global provider of enterprise software and information solutions for professional services firms and government contractors. For decades, we have delivered actionable insight that empowers our customers to unlock their business potential. 15,000 organisations and more than 2 million users in over 80 countries around the world rely on Deltek to research and identify opportunities, win new business, optimise resources, streamline operations, and deliver more profitable projects. Deltek – Know more. Do more.®www.deltek.com and www.deltek.co.uk
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