More Than 350 Companies Increase Efficiency and Compliance with Veeva Training Solutions
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Insights
The adoption of Veeva Systems' GxP training solutions by over 350 companies signals a significant trend in the life sciences industry towards modernizing employee qualification processes. This shift underscores the industry's prioritization of efficiency, compliance and audit readiness. From a market perspective, the expansion of Veeva's client base could positively influence its revenue streams and strengthen its market position against competitors.
Investors should note the potential for increased recurring revenue through subscription-based models for these training solutions. As companies continually seek to maintain compliance and improve operational efficiency, the demand for Veeva's integrated solutions is likely to grow, potentially leading to a positive impact on the company's financial performance over time.
Effective GxP training is critical in ensuring that life sciences companies adhere to stringent regulatory standards, which has direct implications for product quality and patient safety. Veeva's training solutions appear to be designed to address these critical needs by providing a comprehensive system that not only educates employees but also streamlines the process of tracking and managing compliance.
For stakeholders, the emphasis on reducing job-related errors and preventing audit failures is crucial. The ability to improve job performance while ensuring inspection readiness could lead to fewer regulatory setbacks, which often result in costly delays and fines. This can ultimately have a positive impact on a company's risk profile and its ability to bring products to market more efficiently.
The integration of Veeva Vault Training and Veeva LearnGxP into companies' operational frameworks highlights the importance of comprehensive compliance solutions in the life sciences sector. The ability to manage GxP training, content and eLearning courses within a single platform can simplify the complexity of compliance, which is a persistent challenge in the industry.
Moreover, the alignment with regulatory expectations for validated training programs can mitigate the risk of non-compliance and enhance a company's reputation with regulatory bodies. This proactive approach to compliance can be a differentiating factor for life sciences companies, potentially leading to a competitive advantage in a highly regulated market.
Complete life sciences GxP training solution delivers audit readiness
"Veeva is helping us streamline GxP training to speed employee qualification and onboarding as we grow," said Debra Sawyer, vice president of quality assurance at PepGen. "Implementing Veeva Vault Training and Veeva LearnGxP improved our efficiency and fostered a more engaging training environment, supporting our commitment to quality excellence and compliance."
With Veeva Vault QualityDocs, Veeva Vault Training, and Veeva LearnGxP, companies can advance their GxP training programs to prevent quality deficiencies, job-related errors, and audit failures. Using a complete, validated solution for GxP training, content management, and accredited eLearning courses enables companies to design impactful training programs that improve job performance and ensure inspection readiness.
"With Veeva Vault Training and Veeva LearnGxP, we can develop end-to-end training programs, assign them to employees, and track progress all in one place," said Grace DaFonseca, quality operations manager at Cerevel. "Partnering with a technology provider that has deep life sciences expertise helps us address complex GxP training issues, improving compliance and efficiency."
"Veeva is addressing an industrywide challenge by helping companies more effectively qualify job readiness while increasing visibility and compliance," said Kent Malmros, vice president, Veeva training strategy. "We're empowering customers with one comprehensive solution to optimize life sciences training and streamline employee education."
To learn more about Veeva's training solutions, visit veeva.com/VeevaTrainingSolutions.
About Veeva Systems
Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world's largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com.
Veeva Forward-looking Statements
This release contains forward-looking statements regarding Veeva's products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-Q for the period ended October 31, 2023, which you can find here (a summary of risks which may impact our business can be found on pages 38 and 39), and in our subsequent SEC filings, which you can access at sec.gov.
Contact:
Deivis Mercado
Veeva Systems
925-226-8821
deivis.mercado@veeva.com
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SOURCE Veeva Systems
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