Veeva Announces New Digital Hazard Analysis and Critical Control Point (HACCP) Solution
Rhea-AI Summary
Veeva Systems (NYSE: VEEV) has launched a new cloud-based digital Hazard Analysis and Critical Control Point (HACCP) solution as part of its QualityOne Suite. The solution aims to help food and beverage manufacturers streamline food safety processes and improve risk management. Features include global visibility, standardization of HACCP plans, integrated flow diagrams, automatic change notifications, and task reminders. Nestlé, as an early adopter, will implement the solution across its 2,000+ brands in 188 countries to enhance proactive quality management and food safety operations.
Positive
- Partnership with Nestlé, the world's largest food and beverage company, as early adopter
- Expansion into food safety market with first-of-its-kind digital solution
- Product enhancement of QualityOne Suite with new HACCP capabilities
Negative
- None.
Insights
This product launch represents a significant strategic expansion for Veeva into the food and beverage quality management sector, leveraging their expertise in life sciences compliance software. The partnership with Nestlé, a global leader with operations in 188 countries, provides immediate validation and positions Veeva to capture market share in the food safety software segment.
The digital HACCP solution addresses critical pain points in food safety management, particularly for large-scale manufacturers dealing with complex global operations. Integration with the QualityOne Suite creates a competitive advantage through workflow automation and standardization. The timing is opportune as food safety regulations tighten globally and companies seek digital transformation solutions.
Market potential is substantial given the size of the global food and beverage industry and increasing regulatory scrutiny. However, revenue impact will likely build gradually as enterprise sales cycles are typically long for such mission-critical systems.
"We are honored to introduce this first-of-its-kind digital HACCP solution and further raise the bar for food safety," said Greg Harbin, general manager of Veeva Consumer Products. "With unified, data-driven HACCP integrated into Veeva QualityOne, global food and beverage industry leaders can drive greater efficiency and proactive risk management across food safety operations."
Veeva QualityOne's digital HACCP solution provides global visibility and standardization of HACCP plans while supporting regional market flexibility to meet country-specific needs. It features an integrated flow diagram, automatic change notifications, and task reminders for greater efficiency, timely safety responses, and improved study management.
Nestlé, the world's largest food and beverage company, is an early adopter of Veeva's digital HACCP solution.
"Digital HACCP is at the core of Nestlé's proactive quality management across our more than 2,000 brands and products in 188 countries," said John Donaghy, global head of food safety at Nestlé. "Veeva QualityOne digital HACCP offers a unified solution to create, manage, and streamline studies, quickly respond to changes, and prevent safety issues."
Learn more about the Veeva QualityOne HACCP solution and hear from food and beverage market leaders on their vision for digital HACCP.
About Veeva for Consumer Products and Chemical Industries
Founded in 2007, Veeva Systems is a global provider of industry-specific cloud software solutions that address the unique operating challenges and regulatory requirements of companies in the consumer products, food and beverage, and chemical industries. Veeva's solutions help hundreds of market-leading companies eliminate inefficiencies and bring high-quality, trusted products to market faster without compromising safety or compliance. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. Learn more at Veeva Industries.
For more information about Veeva's solutions for the global life sciences industry and the more than 1,000 customers it serves, ranging from the world's largest pharmaceutical companies to emerging biotechs, 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 July 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 36 and 37), 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
View original content to download multimedia:https://www.prnewswire.com/news-releases/veeva-announces-new-digital-hazard-analysis-and-critical-control-point-haccp-solution-302309706.html
SOURCE Veeva Systems
FAQ
What is Veeva's new digital HACCP solution for food safety?
Which major company is the early adopter of Veeva's (VEEV) digital HACCP solution?
What are the key features of Veeva's (VEEV) new digital HACCP solution?
