Cost Savings: Finance

BioMedSA is part of a nationwide network of similar organizations who leverage their members’ purchasing volume to pre-negotiate cost savings contracts with key suppliers. These pre-negotiated contracts are available to all BioMedSA members. Each month, BioMedSA features a cost savings opportunity. This month, we are pleased to feature Brex.

Brex offers a corporate card for the life sciences, empowering BioMedSA members to spend less time on end of month closes and more time on life changing R&D. Of particular interest to entrepreneurs is the ability to obtain a corporate card without using personal credit as a guarantee or collateral requirements. They offer a higher credit limit than traditional cards and waive the annual fee for BioMedSA members, while providing seamless integration with popular accounting systems. Additionally, they have a rewards point system tailored toward lab supplies, conferences, and travel. Recently added are business accounts with increased yield and expense management systems. For more information, contact BioMedSA’s personalized representative, Steve Joseph at steve.joseph@brex.com.

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