Challenge

Solution

Results

Elaborate, complicated purchasing needs for scientific biotech supplies mean

RX3 needs a system that can keep up with their pace.

Small, fast growing team mean value and scalability are a must. Rx3 must be

able to add new employees without issue.

Costly scientists are wasting precious lab time filling out manual PO’s for items

they need ASAP. Thousands of dollars are being wasted on administrative tasks

and slow turnaround in purchasing.

With no time to train employees—the system must be easy to use and

intuitive.

Rx3 finds expensewatch.com’s on-demand expense control and compliance

solution to be the best match for their purchasing needs.

Punchout vendors and customizable catalogs enable RX3 to order detailed

materials with elaborate, complicated SKU’s instantly from top their top

suppliers such as VMR, Sigma Aldrich and Invitrogen.

Simple integration with their existing QB 3005 accounting system means they

are live in a matter of weeks.

On-Demand technology means top-billing scientists can access the system to

place orders from anywhere to be ready to work in the lab when they need to

be.

Rx3 grows 50% in their first year and the scalable expensewatch.com system

expands seamlessly to meet their growing needs.

The small company, founded in 2004, is up and running efficiently on a web-

based purchasing system within weeks. Budgets and orders are visible from

anywhere.

Quick ROI means Rx3 saves over $200,000 annually by implementing the

expensewatch.com system and automating the spend management

processes.

Rx3 Pharmaceuticals team of experienced scientists and entrepreneurs seeks a purchasing

system to meet the specific needs of their cutting edge biotechnology firm.

“

John P. Schmud

CFO

Rx3 Pharmaceuticals

You wouldn’t start a company

without an accounting package in

place—just like I wouldn’t dream

of starting a company without a

system like expensewatch.com in

place. It is just one of those

essential pieces you need to get

your business going at the level

you want it to.”

Rx

3

Pharmaceuticals Inc. is a

San Diego Biotechnology

company formed in 2004 by a

team of experienced scientists

and entrepreneurs to create

innovative antibacterial drugs.