Pharmanovia Selects Honeywells Trackwise Digital
Honeywell’s software solution for life science companies will help Pharmanovia improve quality and compliance
ATLANTA, Aug. 1, 2024 – Honeywell (Nasdaq: HON) today announced that Pharmanovia, the global life cycle management company, will implement Honeywell’s TrackWise Digital software solution to transform how quality and compliance is managed across the business. TrackWise Digital positions companies of all sizes to efficiently achieve their quality goals, and it also supports Honeywell’s alignment of its portfolio to compelling megatrends, including automation.
By combining industry-leading quality and compliance best practices with a user-friendly, cloud-based platform, TrackWise Digital enables life sciences companies to shift from reactive to proactive quality management. With enhanced reporting tracking and analytics across all quality processes, companies can better leverage quality data to enhance company-wide performance, increase workplace efficiency, help with regulatory compliance and extend their culture of quality.
“As we continue to scale our global business, TrackWise Digital will provide us the ability to streamline processes and enhance quality reporting across our supply chain,” said Chris Evans, director, quality operations, Pharmanovia. “With the ability to access and analyze quality data [in real time], we will not only be able to make more informed decisions but we will also be able to run our manufacturing processes more efficiently.”
Quality and compliance expenses continue to pose a challenge for companies in the life sciences industry. Approximately 25% to 30% of pharmaceutical manufacturing costs can be attributed to quality issues, according to a study by McKinsey & Company. However, the digitalization of quality and compliance processes with electronic quality management systems (eQMS) like TrackWise Digital can help optimize manufacturing and lower production costs.
“Life sciences customers increasingly need integrated solutions that can help them improve product quality, track compliance and facilitate employee training in a more effective and efficient manner so they can focus their time on what is most important: making a difference for patients,” said Martin Dowdall, general manager, Honeywell Connected Life Sciences. “Across the industry, the continued digitalization of legacy processes like quality management will further enable companies like Pharmanovia to continue to find innovative ways to deliver better patient outcomes.”
Learn more about TrackWise Digital and Honeywell’s other Life Sciences solutions on our website.
