Raritan, N.J. – January 17, 2012 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced continued rapid expansion and penetration in key market segments, highlighted by record revenue, new client additions, client go-lives, and the release of significant new product modules and capabilities positioning the company for continued rapid growth. “2011 was a great year for iContracts, and more importantly our valued clients”, commented CEO A. Leigh Powell. “By delivering on our promise of better solutions for managing contracts and compliance that are more automated, flexible, faster, easier and less expensive to implement, we have provoked the question from large and small entities alike as to why alternative solutions require so much investment, yet provide such little return. Innovations such as Task Automation Logic (TAL), Simplified Common User Interfaces (SCUI), the Better Contracting Solutions (BCS) Platform, Software as a Service delivery model, and Universal Contract Manager (UCM) have set iContracts apart from legacy providers, enabled us to consistently capture over 90% of competitive opportunities in the Life Sciences Manufacturer segment, and helped our clients go live on time and on budget while realizing tremendous results and value. iContracts has significant momentum heading into 2012 and with additional innovations in our near term product plan, we fully expect continued growth in the coming year.”
iContracts Highlights:
- Growth in Excess of 250%
- Record New Client Additions and Go-Lives
- Neared the Milestone of 100 Entities Powered by iContracts Solutions
- Top 50 Pharmaceutical Manufacturers Live on iContracts
- Continued Product Innovation
- First to market with Module to Manage Medicare GAP Regulation (GapPayer)
- “Instant Analysis” Views in Universal Contract Manager
- Expanded Support for Managed Care Rebates and Programs
- Compliance with the Patient Protection and Affordable Care Act
- Expanded “Click Through” End-to-End Government Pricing Visibility
- Released Version 5.1 of iContracts Better Contracting Solutions 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. 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. 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.