Raritan, N.J. – January 18, 2011 — iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced Cypress Pharmaceutical, Inc., a manufacturer of generic and branded pharmaceutical products, has gone live on solutions from iContracts to manage commercial contracts, help insure Government Pricing compliance, and analyze contract performance. iContracts’ entire suite of solutions are based on the company’s Better Contracting Solutions (BCS) platform, available on-demand or behind-the-firewall, and will help Cypress manage these intricate processes in a unified environment with a high degree of automation.
Chris Boone, controller of Cypress Pharmaceuticals noted, “Cypress is ecstatic to have completed implementation of iContracts web-based suite of solutions for simplifying and managing chargeback and related processes. Working with the iContracts team has been an absolute pleasure and we look forward to the expansion of our relationship as we roll out additional solutions in the coming months.”
iContracts CEO, A. Leigh Powell, remarked, “With a portfolio already in excess of 150 products and growing, Cypress is an ideal candidate for iContracts’ scalable and robust solutions. It has been a privilege to work with the Cypress team to achieve this significant go-live milestone and we look forward to supporting their continued growth and success in the future.”
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 screen 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 far 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 is backed by highly evolved data architecture – built by technologists with considerable and unique experience in building contract management solutions for the Life Sciences industry. This deep understanding and straightforward approach shows in everything we do. iContracts’ comprehensive suite of solutions manages all aspects of a Life Science company’s chargeback, rebate and Medicaid processes as well as other incentive agreements and Government Pricing compliance at all levels. Our solutions are enterprise-class and can be 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
About Cypress Pharmaceutical, Inc.
Cypress Pharmaceutical, Inc., founded in 1993, is a specialty pharmaceutical company that develops, markets and distributes generic prescription pharmaceutical products to leading national pharmaceutical wholesalers, chain drug stores, distributors, and other retail merchandisers. Cypress currently markets over 150 products, and has an aggressive product development pipeline including new drug applications (NDAs) and abbreviated new drug applications ANDAs) with over 30 products in various stages of development. Additional information about Cypress is available at www.cypressrx.com.
iContracts Media Contact:
Anne Ambrosio
iContracts, Inc.
Tel: 908-393-9550
aambrosio@icontracts.com