Florida based Pharmaceutical Company to Utilize iContracts Outsourcing Solutions
Raritan, NJ – August 19, 2014 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that a privately owned generics manufacturer has selected iContracts to provide business outsourcing services to ensure compliance with Medicaid rebate processing.
iContracts outsourcing solutions deliver best in class processing for companies that participate in Federal Programs associated with Medicaid, Medicare, Federal Supply Schedule, Public Health Services and associated State programs that require reporting and payments to governmental agencies.
By partnering with iContracts, pharmaceutical companies benefit in several ways including:
- Lower operational cost
- Reduction or elimination of the need to identify, train, and retain staff with specialized skills and operational expertise
- Productivity improvements by enabling executives and management to focus on critical functions of the business
- Ability to convert to an in-house model without the need to re-implement
“Outsourcing solutions from iContracts provide manufacturers of any size maximum flexibility,” noted Leigh Powell, Chief Executive Officer of iContracts. “By eliminating the need to recruit staff with specialized skills, companies can focus resources on core competencies while being assured that important federal, state, and local requirements are fully satisfied in a market-leading software platform that affords instantaneous access to all relevant data together with powerful reporting tools. Our combination of experienced staff, powerful software, history of success, and the ultimate flexibility to transition to/from an in-house or outsourced solution provides iContracts outsourcing clients with clear and distinct advantages over alternative providers. We are pleased to welcome another leading pharmaceutical company to our family of customers and we look forward to playing a small part in their continued success.”
iContracts’ 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 contact us.