The implementation of Priority ERP has resulted in substantial time savings and reduced errors for Fore Biotherapeutics

Before Fore Biotherapeutics adopted Priority, they grappled with an outdated system that heavily relied on manual input. Keeping track of their multi-company budget, which involved distributing a budget across their three companies and tracking usage, required them to enter every journal entry for expenses manually into an Excel spreadsheet.

This process of budget tracking and consolidating financials in Excel was not just time-consuming but also prone to errors. A key challenge was that their previous system did not include Purchase Orders (POs) in the Budget Usage, leading to gaps in their financial tracking. Moreover, their banking processes were labor-intensive, as they needed to manually rekey tax information and the purpose of each transaction for every wire transfer

Fore Biotheraputics chose PRT Technologies, a Priority partner, for the implementation. Priority helped Fore Biotherapeutics streamline their multi-company budget tracking process and introduced a level of automation that they hadn’t experienced before.

A key feature of Priority ERP that appealed to Fore Biotherapeutics was its ability to include POs in the Budget Usage. This enhancement provided immediate insight into the impact of POs as soon as they were created. Now, they could generate a consolidated budget plan vs. actual report for all their companies at the press of a
button straight from Priority, eliminating the need for manual Excel budget tracking.

In addition, Priority’s Digital Banking integration significantly simplified Fore Biotherapeutics’ banking processes. Instead of the tedious task of creating each SWIFT transfer on the bank’s portal, they could send Bank Transfers directly from Priority to the Bank, including Wire Transfers abroad. They could also pull bank transactions
directly into Priority, bypassing the need to visit the bank’s website.

The implementation of Priority ERP has resulted in substantial time savings and reduced errors for Fore Biotherapeutics. Their once time-consuming and error-prone budget tracking and reporting process has been transformed into a streamlined, automated operation, saving them many hours each month.

They are now able to generate consolidated budget reports for all their companies with the click of a button. The integration of Digital Banking and the ability to pull bank transactions directly into Priority has improved the efficiency of their banking processes.

Bat-El Reuven, Director of Finance at Fore Biotherapeutics, praises Priority ERP for offering a significantly higher ROI compared to other leading vendors.