Pharmaceutical Behemoth to Deploy Full Suite of iContracts Solutions
Raritan, NJ – November 6, 2013 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced the addition of the second Fortune 50 client to its ever expanding roster of clients. This full-service pharmaceutical manufacturer has selected iContracts complete suite of solutions to manage commercial contracts and help ensure compliance with Government pricing programs including Medicaid, state programs and associated calculations and reporting.
The selection came after an extensive process of evaluating several vendors and as a direct response to massive current scale as well as rapid and accelerating growth in their business. The iContracts solution provides a robust platform that is scalable to support the largest of pharmaceutical companies.
“We are pleased to welcome another Fortune 50 company to the iContracts family,” noted Leigh Powell, Chief Executive Officer of iContracts. We believe that iContracts processes more transactional volume through our true cloud-based environment than any other provider of solutions in this space and have announced more new client signings over the last several years than both of our largest competitors combined – by a large margin. The inherent advantages of our Better Contracting Solutions platform, in addition to our ability to implement a fully functioning system in a fraction of the time and cost of other alternatives makes iContracts the clear choice for companies of any size. We look forward to a strong relationship for years to come with our newest client.”
iContracts solutions help life sciences companies optimize performance by streamlining and improving their contracting processes. Our newest Fortune 50 company will soon be equipped to fully integrate business processes and enhance operational visibility, utilizing iContracts Chargebacks Payer, Rebate Payer, Medicaid Payer, Medicare GAP, Government Pricing, and Reporting & Analytics. These solutions are proven to strengthen compliance and revenue management.
iContracts’ cloud-based solutions are available as an “on demand” service or as a behind-the-firewall offering and are built on iContracts’ revolutionary BCS platform featuring an advanced data architecture, rich functionality and Simplified Common User Interface (SCUI) enabling users to execute any process after learning just two basic page formats. This groundbreaking design drastically reduces implementation; training and future upgrade timeframes and costs.
About iContracts
iContracts’ goal is simple – to deliver better solutions for managing contracts that are faster, easier and less expensive to implement. This mantra is reflected in everything we do. Our software is generations ahead of other solutions, powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by learning just two simple, reusable views and backed by the most highly evolved data architecture in the industry – built by technologists with considerable and unique experience in building contract management solutions. This deep understanding and straightforward approach shows in everything we do. iContracts comprehensive suite of solutions manages all aspects of a company’s contract management process. iContracts Universal Contract Manager (UCM) is revolutionizing how organizations think about the contract management process, transforming it from an unwieldy collection of spreadsheets, customer applications, filing cabinets, and scattered electronic directories to a powerful tool that aligns strategy with execution, while simultaneously insuring greater visibility into commitments and the ability of companies to support growing needs for regulatory reporting and audits. Our solutions are enterprise-class and can be quickly and easily integrated with any off-the-shelf or custom system to meet exacting business requirements without the army of consultants and endless fees associated with other products and providers. For more information, please visit www.icontracts.com.