Interfacing Listed as The Leading Solution in the Medical QMS Software in a Feature by MarketWatch
Mar 28, 2023 – A detailed “Medical QMS Software Market” report recognizes Interfacing as one of the key Medical QMS Software solutions in the industry.
This extensive study analyzed the performance of QMS software companies under the pressure of Covid-19, more importantly in the medical field. It aimed to determine the overall impact the crisis had on the industry as well as the strategies used by companies to deal with the hurdles. Thanks to the data gathered by software solutions like ours, the report was able to successfully analyze the market, complete a competitive analysis, and evaluate future trends.
What is QMS?
First, it is important to understand what QMS is and how it helps businesses grow in the current regulatory context. According to ASQ (American Society of Quality): Quality Management System (QMS) is defined as a formalized system that documents processes, procedures, and responsibilities for achieving quality policies and objectives. It helps coordinate and direct an organization’s activities to meet customer and regulatory requirements and improve its effectiveness and efficiency on a continuous basis. In the medical, pharmaceutical and lifescience fields, it often helps ensure compliance with FDA & ISO standards; improve product quality and safety; standardize processes, and much more. Read more about our QMS solution here.
During the pandemic, most businesses experienced an internal shock due to poor organizational structures; the medical field wasn’t an exception. As companies experienced inevitable supply chain and market disruptions, it became imperative to have a robust interior management system to assure continuous service delivery. During those hard times, our software was able to provide that crucial support, stability and reinforcements needed to maintain necessary levels of compliance at all times.
Scott Armstrong – “Our clients in lifescience industry and in med tech are very aware of the challenges of gaining more agility with their QMS while remaining in compliance with regulatory requirements and that’s why we work in close collaboration with industry to meet the needs of regulated industries while providing much needed”
Over the next 5 years, and in the aftermath of the pandemic, the Medical QMS industry is on a path of a steady growth, with some experts estimating a 5X growth in the next 10 years. With the shift to digital, more and more companies begin to discover the benefits, QMS brings. Delivering the newest business strategies and now tested through strenuous times, it is becoming a clear choice for small and large players that want to gain an advantage in the field.
Thus, in hindsight, it is clear why such a trend is on a rampant rise. As many firms familiarize themselves with Integrated Management Systems (IMS) and digitalize their documentation, they are able to deliver services better and gain a competitive in the market. Thanks to a digital framework, firms are able to streamline their business processes, reduce inconsistencies, and improve compliance. These changes create an efficient and high-quality working environment which is crucial for companies and organizations in the medical sector. Consequently, having a digitalized management system is quickly becoming an essential part of any QMS.
Discover our Testimonials to learn first-hand how we’ve managed to help businesses grow, optimize their workflows and improve compliance using our large array of digital products.
More about Interfacing
Interfacing Technologies is a renowned leader in business transformation, offering process-based quality, performance, and compliance management solutions that empower organizations to effectively manage business complexity on a global scale. With its user-friendly platform, Interfacing’s solutions enable seamless collaboration between business and IT for a diverse range of quality, improvement, and governance initiatives. Interfacing’s QMS Solution is an integrated management solution (IMS) that covers end-to-end requirements geared for compliance. Moreover, Interfacing’s expert team of professionals worldwide provides a broad range of supporting services, including business architecture strategy, SOP development, corporate compliance, business process improvement, and digital transformation consulting to help you achieve your business goals.
More about MarketWatch
MarketWatch is a leading financial news website specializing in real-time coverage of business trends, stock market and personal finance. It is known for providing helpful insights and tips to new and seasoned businesspeople seeking to get started or to improve their financial knowledge. Its team of journalists also regularly provides thorough analysis of markets, firms, and software to help people make more informed choices for themselves or for their business.
Map, analyze, and automate processes, manage regulatory compliance, assess risks within a single platform! Interfacing’s digital twin solution (Enterprise Process Center – EPC) is an enterprise management system that helps companies digitalize processes to streamline operations, increase productivity, and continuously improve.
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Interfacing’s Digital Twin Organization software provides the transparency and Governance to improve Quality, Efficiency and ensure Regulatory Compliance.