Tenthpin Announces their Global Life Science Innovation Center Powered by SAP® Technology
Basel — April 22, 2021 — Today Tenthpin announced the inauguration of its Global Life Science Innovation Center powered by SAP® technology with locations in San Francisco, Walldorf, Bangalore and Shanghai, strengthening its strategic SAP partnership. As part of its partnership with SAP and Roche to form an industry consortium, Tenthpin is working with SAP to develop a new, innovative, next-generation clinical trial supply management (CTSM) solution for SAP’s industry cloud. Tenthpin’s new innovation center supports experts across the world to create customer value by building industry cloud solutions on SAP Business Technology Platform (SAP BTP).
“The life science industry is at a crossroads and our clients need to reimagine their future,” said Michael Schmidt, Tenthpin partner and co-founder. “There is a strong need for innovation and the opportunity for the industry is significant. The future of the value chain for the life science industry will be data-driven and patient-centric. With the blurring of lines between pharmaceuticals and medical technology and with the emergence of bioelectronics, the industry will provide integrated healthcare solutions and treatment that go beyond the pill. Innovation capabilities from Tenthpin in support of SAP’s industry cloud will be at the heart of this transformation.”
Tenthpin’s Global Life Science Innovation Center will support innovations for a number of industry cloud solutions with SAP such as the next-generation CTSM solution built on SAP Business Technology Platform and powered by SAP S/4HANA®, Tenthpin’s e-labeling solution for clinical trials, remote patient monitoring, patient-centric value chain management solutions such as cell and gene therapy management, direct-to-patient models, animal health and data and analytics. The team will provide consulting services from strategy to implementation around the globe.
“Our Global Life Science Innovation Center is not only a key pillar of our growth strategy, but a confirmation of our commitment to our strategic partnership with SAP and support of SAP’s industry cloud,” said Juergen Bauer, chairman of the board at Tenthpin. “We plan to develop and market vertical industry solutions that are targeted towards the different segments of the life sciences industry based on open standards, built on SAP Business Technology Platform, and interoperable with SAP Business Network and the intelligent suite.”
To enable companies to become intelligent enterprises, SAP is expanding its vertical solutions with an ecosystem of industry cloud solutions. These solutions complement the existing SAP portfolio to extend the value of joint customer investments.
“Industry cloud solutions from SAP and partners help customers respond to changing business requirements while minimizing integration and support costs,” said Peter Maier, President Industries and Customer Advisory, SAP SE. “Tenthpin is a trusted advisor for many customers in the life sciences industry and a strategic partner for SAP’s industry cloud. The opening of Tenthpin’s innovation center marks the next milestone in the strong partnership we started with Tenthpin as part of the industry consortium last year. I’m looking forward to innovative solutions in SAP’s industry cloud that create customer value using SAP technologies and applications.”
Tenthpin Management Consultants is an independent, global management consulting firm with deep expertise in the life sciences industry. The company is recognized as a leading boutique business and technology consultancy that understands the unique challenges within the different industry segments in life sciences. The company provides independent advice and services to clients, with its headquarter in Basel and offices in Frankfurt, Lisbon, London, Atlanta, Boston, San Francisco, Indianapolis, Bangalore, Shanghai, Hong Kong and Singapore.
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