Veeva's Vault CRM rollout at GSK a "key milestone" for the company, says Raymond James.

Veeva's Vault CRM has been successfully implemented across Europe by GSK, marking a key milestone for the company. Raymond James notes that GSK chose Veeva for its ability to unlock the quickest route to AI, which is particularly interesting. The firm compares this to Salesforce, which may not have a reference customer live until 2029.

Veeva Systems (VEEV) has achieved a significant milestone with the successful implementation of its Vault CRM across Europe by GSK (GSK). The rollout, which marks a key milestone for Veeva, underscores the company's leadership in the life sciences cloud market. Raymond James notes that GSK chose Veeva for its ability to unlock the quickest route to AI, which is particularly interesting [1].

GSK's decision to implement Veeva's Vault CRM is notable for several reasons. Firstly, it represents a significant reference customer for Veeva, as GSK is a top 20 pharmaceutical company. Secondly, the successful implementation highlights Veeva's ability to deliver AI-driven solutions quickly, which is a key advantage over competitors like Salesforce (CRM). According to Raymond James, Salesforce may not have a comparable reference customer live until around 2029 [1].

The successful rollout of Veeva's Vault CRM by GSK is also significant because it demonstrates the company's ability to execute large-scale deployments efficiently. GSK completed its European implementation of Vault across both medical and commercial divisions on time and on budget, with zero field downtime [1].

Veeva's strategic positioning in the life sciences cloud market is further reinforced by its proprietary Vault platform. The company's transition from Salesforce's infrastructure to its proprietary Vault platform by September 2025 is a pivotal move that allows it to optimize performance, reduce dependency on third-party systems, and tailor solutions to the life sciences sector's unique needs [2].

The successful implementation of Veeva's Vault CRM by GSK is a testament to the company's ability to deliver innovative, AI-driven solutions that meet the specific needs of its customers. As the life sciences industry continues to accelerate its adoption of AI and cloud infrastructure, Veeva's strategic agility, financial strength, and innovation pipeline make it a standout investment in a sector poised for disruption [2].

References:
[1] https://www.tipranks.com/news/the-fly/gsk-vault-crm-rollout-a-key-milestone-for-veeva-says-raymond-james-thefly
[2] https://www.ainvest.com/news/veeva-systems-bullish-case-life-sciences-cloud-revolution-2508/