Omnichannel in Pharma. Veeva vs Salesforce

showerthinking

/@showerthinking

Published: February 15, 2024

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This video addresses the critical strategic decision currently facing pharmaceutical companies regarding their commercial technology infrastructure, specifically the ongoing platform divergence between Veeva Systems and Salesforce. The central discussion revolves around the future of Omnichannel engagement in the life sciences sector, following Veeva’s announcement a year prior that it would separate from the underlying Salesforce platform. This separation mandates that customers evaluate their long-term CRM and digital marketing strategy, particularly as major platform contract decisions are anticipated around 2025.

The core tension highlighted is the competitive landscape for Omnichannel solutions. Salesforce is positioned as a recognized industry leader in this domain, leveraging its established Marketing Cloud platform, which is often considered a benchmark for digital engagement execution. In contrast, Veeva has committed to developing its own proprietary Omnichannel platform, with development slated for 2024. This timeline and approach are generating significant industry discussion because, for modern pharmaceutical commercial operations, the seamless, robust integration between the core CRM system and the digital Omnichannel platform is viewed as a non-negotiable requirement for effective customer engagement and compliance tracking.

The speaker emphasizes the uncertainty created by this platform split. While Salesforce is aggressively promoting its specialized Life Sciences Cloud solution, Veeva has yet to fully clarify the specifics and maturity of its future Omnichannel offering. This lack of clarity forces clients to weigh the benefits of Veeva’s deep industry specialization against the proven, mature Omnichannel capabilities offered by Salesforce’s ecosystem. For firms specializing in system integration and AI solutions, like IntuitionLabs.ai, this platform divergence represents a major opportunity to advise clients on managing the complexity of multi-vendor environments, ensuring data integrity, and building compliant data pipelines regardless of the chosen core platform. The video serves as a prompt to the audience, soliciting opinions on how this platform divergence will impact future digital strategy and investment decisions in the regulated pharmaceutical sector.

Key Takeaways: • The 2025 Strategic Crossroads: Pharmaceutical companies are approaching a critical technology decision point around 2025, driven by the contractual separation of Veeva from the Salesforce platform, necessitating a choice between two distinct commercial ecosystems. • Mandatory CRM-Omnichannel Integration: The industry considers tight, seamless integration between the foundational CRM system (Veeva or Salesforce Health Cloud) and the digital Omnichannel execution platform (e.g., Marketing Cloud) as essential for delivering personalized, compliant customer experiences. • Salesforce’s Omnichannel Maturity Advantage: Salesforce maintains a significant advantage in the Omnichannel space due to the maturity and widespread adoption of its Marketing Cloud, which offers established tools for campaign management, segmentation, and digital execution. • Veeva’s Proprietary Platform Risk: Veeva’s commitment to building its own Omnichannel platform introduces uncertainty regarding its time-to-market, feature set, and ability to achieve the same level of integration robustness as existing, mature solutions in the short term. • Integration Complexity for Consultants: The platform split guarantees increased complexity in data engineering and system integration, requiring specialized consulting expertise to ensure unified data flow, accurate reporting, and compliance across disparate systems. • Impact on AI and LLM Solutions: The choice of the core platform directly affects the deployment of advanced AI and LLM solutions (like Generative AI Sales Ops Assistants), which rely heavily on clean, unified customer interaction data sourced from both the CRM and the Omnichannel system. • Evaluating Total Cost of Ownership (TCO): Companies must analyze the TCO beyond licensing, factoring in the cost of integration development, maintenance of custom APIs, and the potential need for specialized data engineering services to bridge the gap between Veeva CRM and third-party marketing clouds. • Salesforce’s Unified Pitch: Salesforce is leveraging this separation by promoting its Life Sciences Cloud as a unified platform solution, appealing to companies that prefer a single-vendor approach for CRM, commercial operations, and digital marketing. • The Compliance Challenge: Any platform migration or integration project must prioritize regulatory compliance (FDA, GxP, 21 CFR Part 11), ensuring that all customer interactions and audit trails are accurately captured and managed, regardless of which vendor handles the digital execution.

Tools/Resources Mentioned:

  • Veeva Systems
  • Salesforce
  • Salesforce Health Science Cloud
  • Salesforce Marketing Cloud

Key Concepts:

  • Omnichannel in Pharma: The strategy of delivering consistent, personalized, and compliant customer experiences across all available channels (digital, field force, medical affairs) using integrated technology platforms.
  • CRM-Digital Platform Integration: The necessary technological link between the core Customer Relationship Management system (which stores customer master data and interaction history) and the digital marketing platform (which executes email, web, and other digital campaigns). This integration is crucial for closed-loop marketing and compliance in life sciences.