Raritan, NJ – January 18, 2010 — iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that it plans to take eight clients live in the first calendar quarter of 2010. All eight companies to be powered by iContracts leading solutions for managing critical processes including chargebacks, rebates, Medicaid, and government pricing compliance are pharmaceutical manufacturers spanning both generic and branded categories. The entire suite of products are based on iContracts’ Better Contracting Solutions (BCS) platform, available on-demand or behind-the-firewall.
A. Leigh Powell, Chief Executive Officer of iContracts, noted, “while our recent string of announced new client additions is gratifying, nothing is more important to us than ensuring that every client quickly begins realizing value from their investment in iContracts’ powerful solutions. We are clearly succeeding on both fronts as several companies who joined the iContracts family as 2009 ended are already preparing to go live at the time of this release. iContracts continues to de-mystify contract management for pharmaceutical manufacturers with innovative products, superior service, and a comprehensive vision for the industry.”
“We are truly fortunate to be working with a number of world-class companies intent on improving how they manage and automate these key processes in order to facilitate growth and ensure compliance as they continue on a path of rapid growth, commented Todd Venetianer, Chief Operating Officer of iContracts. “We believe that the sheer magnitude of go-lives scheduled for Q1 is well ahead of any other contract management solution provider – and perhaps more than all of the others combined. We are excited by our momentum and look forward to further acceleration as the year progresses”.
iContracts solutions are available as an “on demand” service or as a behind-the-firewall offering and are built on iContracts’s 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 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 more experience in building contract management solutions for the Life Sciences industry than anyone on the planet! 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 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.
iContracts Media Contact:
Anne Ambrosio
iContracts, Inc.
Tel: 908-393-9550
aambrosio@icontracts.com