Manufacturer Simplifies Contract and Rebate Processes
Raritan, NJ – November 13, 2014 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that a privately owned pharmaceutical company has gone live with iContracts Rebate Payer and Utilization Payer, to strengthen compliance and effectively manage revenue.
iContracts Rebate Payer manages rebates and incentive-based contracts, including calculations based on direct and indirect sales, net sales, utilization payments and more. Utilization Payer allows Vertical to manage, validate and pay managed care rebate agreements.
“We are excited to announce that another well-known and respected pharmaceutical manufacturer has gone live on iContracts’ market leading revenue management solutions,” commented Leigh Powell, Chief Executive Officer of iContracts. “In a fraction of the time and cost required to implement alternatives, this client is already realizing the benefits of iContracts solutions rather than facing the prospect of endless delays and costly customizations. We look forward to supporting their continued growth.”
The manufacturer utilizes iContracts solutions as a software service over the web, thus requiring no investment in facilities, hardware, software, or related costs. 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. iContracts offers a competitive migration program for organizations who are thinking about making a change from their existing platform. .
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. Powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by understanding a few core concepts, iContracts solutions are backed by the most highly evolved cloud-based architecture in the industry, built by technologists with extensive contract management experience. iContracts comprehensive suite of solutions revolutionize how organizations think about and manage all aspects of a company’s 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.