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, wire transfers, worlwide ACH and FDIC-insured up to $6M. For more information, contact BioMedSA’s personalized representative, Steve Joseph at steve.joseph@brex.com.

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