Significant Growth in Pharmaceutical, Medical Device, Higher Education, and Hospital Segments.
Raritan, NJ – January 21, 2015 – iContracts, a leading provider of solutions for managing revenue, corporate contracts, commitments, and compliance today announced continued rapid expansion and penetration in key market segments throughout 2014, highlighted by record revenue, significant client additions, numerous client success stories, and the release of important new product modules and capabilities positioning the company for another strong year in 2015.
“2014 again demonstrated how constantly focusing on delivering value in the form of significant new products and services that exceed expectations is the clearest path to rapid, sustainable growth”, commented iContracts CEO A. Leigh Powell. “With well over half a billion yearly transactions flowing through our cloud based solutions, iContracts continues to demonstrate its ability to support some of the world’s largest and most demanding customers, while the extreme scalability and ease-of-use of our solutions make them the perfect choice for entities of all sizes. Clearly, iContracts true Cloud based delivery model, ability to scale, large product footprint, significant new product introductions, and vastly superior value proposition, position the company well for 2015 and beyond.”
Highlights from 2014 include:
- Record New Client Additions and Go-Lives
- Strategic Partnership with GPS for government programs consulting
- Strategic Partnership with Highjump Software for EDI processing
- Continued Product Innovation
- Gross To Net Channel Inventory
- Automated Class of Trade Assignment
- Enhanced Rebate configuration and processing
- Significant new Universal Contract Manger capabilities:
- The release of Universal Application Platform (UAP) enabling the rapid delivery of new modules and highly customized solutions
- Enhanced Reporting and reporting delivery options
- Ability to copy contract, metadata, and other content when creating new containers
- Directly email a logical groupings of users based on a selected field
- Ability to mass add the same activity, milestone, note or attachments across multiple contracts or objects
- Multi-select & Multi-media fields
- View based mass updating
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.