Three Bridges, NJ, December 18, 2008 – iContracts, a leading provider of solutions for managing corporate commitments, today announced the release of “iContracts OnDemand”, a comprehensive suite of fully integrated web-based solutions for managing chargeback, rebate, Government Pricing and Medicaid compliance processes.
“Life Science companies of all sizes are adopting on-demand solutions for business applications and bypassing many of the headaches associated with a traditional on-premise software model”, noted Erik Sieverding, president of iContracts. “With no software or hardware to buy, install, maintain, or upgrade, businesses and their IT organizations reduce costs, slash implementation times, and improve quality and reliability. Until now, Life Sciences manufacturers, distributors, hospitals and other participants in the supply chain were denied robust on-demand options for managing chargeback, rebate, Government Pricing and Medicaid compliance processes – unless they had unlimited time, resources and funding. iContracts OnDemand is the right solution at the right time for companies looking to replace manual, home-grown, or outdated on-premises applications.” “In short”, concluded Mr. Sieverding, “the leadership void for on-demand Life Sciences Contract Management solutions has been filled by iContracts.”
iContracts OnDemand is a true web-based and Web services enabled solution built using C# on the Microsoft .NET platform. The advanced architecture ensures security, scalability, and expandability and enables iContracts to rapidly deliver unique solutions as regulations and business requirements evolve.
Todd Venetianer, Chief Operating Officer of iContracts, commented, “Over the past few years, Pharmaceutical and Life Science companies have become jaded by the lack of leadership and solutions for contract management. Inflexible solutions, the absence of on-demand alternatives, poorly conceived user interfaces and the enormous price tags associated with managing contracts and compliance was simply something to be tolerated. iContracts clients are simply amazed that these complex processes can be managed in such an intuitive and straightforward manner. By focusing on this acute need for simplifying complexity in our products as well as our delivery model, we have struck a chord that is clearly distancing iContracts from companies who have been slow to adapt to today’s economic and technology realities.”
About iContracts
iContracts delivers 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.