Labviva for Procurement and Finance

Get greater visibility and control, and reduce life sciences R&D spend by
 an average of 20%.

Reduce spend effortlessly with your customer-specific pricing

Compare offers from your trusted suppliers in the Labviva Purchasing Platform and view your customer-specific pricing on every product, helping bring spend down.

More products from more suppliers

Give users access to more inventory, ranging from lab products to office supplies and MRO, in a single unified platform.

Easily compare options

Offers from multiple suppliers are all displayed on a single product detail page, making it easy to find the most competitive pricing, understand availability, and ensure customer-specific pricing & discounts are being applied.

Add more products instantly

As an additional service, Labviva will help you bring on new suppliers and new products when your users need them.

Labviva streamlines the requisition process by providing 1:1 product comparisons across vendors, price and shipping comparisons, responsive search results, and supplemental information like peer-reviewed papers and molecular structure breakdowns. This intelligent solution empowers faculty, researchers, and staff to make well-informed buying decisions, aligning campus needs with UC's financial goals and responsibilities.

Meagan Torres
Associate Vice-Chancellor and Chief
Procurement Officer at UC Merced

Labviva customers
reduce their R&D spend

Lack of price comparisons and buying options drive up R&D spend. With the Labviva Purchasing Platform, customers have more options and price transparency, and see 20% cost savings on average in the first year of implementation.

20

%

SAVINGS IN YEAR ONE

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Implement your contracts, your way

With Labviva, it’s all on your terms. Tailor the Labviva Platform to match your organization’s precise needs, from products and suppliers to customer-specific pricing and role-specific authentications.

Products and suppliers you choose

You control the suppliers that join your platform, with support available for sourcing new suppliers when needed.

Set your own rules

Labviva’s rules engine puts you in the driver’s seat. Customize based on pricing, availability, and supplier characteristics, and highlight preferred suppliers that match organizational goals.

Consolidated POs and electronic invoicing

Streamline payments without disrupting supplier relationships, or choose to keep your direct billing arrangements in place.

Streamlined purchasing for chemicals and antibodies

Expand beyond consumables with Harper Chemical and Harper Antibodies. Researchers can purchase chemicals, faster and cheaper, directly in the Labviva Purchasing Platform. Search, browse, and purchase custom-designed chemicals just like you’d source laboratory supplies – all in a single checkout.

Unparalleled real-time data & analytics

Get the visibility you need across your entire organization with customized formats that work for you, and leave manual spreadsheets behind.

See cost savings at a glance

Quickly identify purchases with lower-cost alternatives and get a view on total cost savings.

Real-time views

Understand your spend across categories like geography, department, lab and user instantly.

Drill-down capabilities and custom reports

Analyze and surface patterns in any category from within the platform.

Auditing made easy

Instantly access auditable trace histories and comprehensive reporting, with easy integration of inventory, sites, locations and other entities.

Real efficiency gains, powered by AI

Save thousands of hours every month thanks to Labviva AI’s information harmonization and automation of tedious tasks.

AI-powered data enrichment on every SKU

Product detail pages automatically aggregate millions of data points from hundreds of sources, including product images, specifications, peer-reviewed papers, and experimental protocols & citations.

Fast, easy forecasting

Labviva AI forecasts projected delivery delays and uses platform data to ensure orders always have the best price and optimal delivery time.

Automated re-ordering

Integrate your stock room with purchasing through Labviva Inventory Management System, and automatically repurchase stock at the most competitive pricing when it needs to be replenished

Labviva reduced our time spent on purchasing by 60% in our first year. It has given us more visibility than we’ve ever had on our spending patterns, while simultaneously cutting the time our scientists spend shopping. Most importantly, our researchers are finishing projects on time and on budget. It’s a game-changer for our business.

Global Head of R&D Procurement
$6B+ global biopharma company

Minimize IT effort with Labviva integrations

Labviva is purpose-built for life sciences from the ground up. Unlike other tech platforms, Labviva can handle multi-ERP frameworks with ease, creating streamlined solutions for complex tech stacks. Easily link to your existing platforms, and integrate with inventory management for end-to-end visibility.

Accelerate your research with Labviva

The Labviva Platform simplifies purchasing for life sciences research.