How Fore Biotherapeutics automated financial management across three companies with Priority ERP

As Fore Biotherapeutics expanded, its finance team found itself relying on an outdated, highly manual process to manage budgeting, reporting, and banking across three companies. Every journal entry had to be manually entered into Excel to track budget consumption, while financial consolidation required spreadsheets that were both time-consuming to maintain and vulnerable to errors. As Director of Finance Bat-El Reuven puts it: “our prior system forced us to do a lot of manual work, especially in tracking plan versus actual for multi-company budgets.”

Every reporting cycle required the finance team to manually re-enter journal entries into Excel before they could analyze budget performance. “We did a lot of manual work to generate budget reports and found ourselves re-keying every journal entry for expense into an Excel spreadsheet. Consolidating financials in Excel was very time-consuming and error-prone,” says Bat-El.

The challenges extended beyond reporting. Purchase orders were excluded from budget tracking until invoices were received, leaving the finance team without an accurate picture of committed spending. Banking and other financial processes also required repetitive manual work that reduced efficiency and limited time for higher-value financial analysis.

Key challenges included:

• Manual Excel budgeting across three separate companies
• Budget reports that required manual consolidation
• Purchase orders not reflected in budget consumption
• Error-prone financial reporting and reconciliation
• Manual international bank transfers and transaction entry

Working with PRT Technologies, Fore Biotherapeutics implemented Priority ERP to centralize financial management and automate its most time-consuming finance processes. The new system provides a single source of truth for budgeting, reporting, purchasing, and banking while giving the finance team real-time visibility into financial performance across all three companies.

Multi-Company Budget Management

Priority consolidates budget planning and tracking across all companies into one platform, allowing finance teams to compare budget versus actual performance without manually combining spreadsheets.

Real-Time Budget Visibility

Unlike the previous system, Priority immediately reflects purchase orders within budget consumption. This allows finance leaders to understand committed spend before invoices are received and make more informed decisions throughout the month.

One-Click Financial Reporting

Budget versus actual reports can now be generated instantly from Priority, replacing manual spreadsheet consolidation and dramatically reducing reporting effort.

Automated Financial Processes

Routine finance activities that previously relied on manual spreadsheets are now automated, allowing the finance team to focus on analysis and strategic planning rather than administrative work.

Priority ERP fundamentally changed how Fore Biotherapeutics manages its financial operations. What once required manual journal entries, spreadsheet consolidation, and repetitive budget tracking is now managed automatically within a single integrated platform.

Budget reporting has become significantly faster, committed spending is visible in real time, and finance leaders can access consolidated information across all companies with a single click. The result is greater confidence in financial data, fewer manual errors, and more time to focus on supporting the business.

Multi-company budget management

Three companies are now managed through one centralized budgeting process.

Consolidated budget versus actual reports are generated with a single click, eliminating the manual Excel consolidation previously required.

Real-time budget control

Purchase orders are automatically included in budget usage as soon as they are created.

Finance teams now have immediate visibility into committed spending instead of waiting until invoices arrive.

Significant time savings

Automating budget tracking has saved the finance team many hours every month.

Manual journal entry re-keying and spreadsheet maintenance have been virtually eliminated, reducing administrative effort and improving reporting accuracy.

“With Priority, we saved many monthly hours by automating our budget tracking process.” – Bat-El Reuven, Director of Finance, Fore Biotherapeutics

Better financial decision-making

Finance leaders now have immediate access to accurate budget information across all entities, enabling faster, more informed decisions based on current financial data rather than manually prepared spreadsheets.

A higher return on investment

For Fore Biotherapeutics, Priority ERP delivered more than process improvements; it transformed the role of the finance team. By replacing manual work with automated workflows and real-time reporting, the team can spend less time maintaining spreadsheets and more time supporting the company's mission to develop treatments for patients with rare cancers.