Three Bridges, N.J. – March 13, 2008 — iContracts, a leading provider of solutions for managing corporate commitments, today announced the addition of two new clients. The additions build on a strong string of successes for iContracts as the company continues to capture market share and expand its vision to develop and deliver better solutions and services for managing contracts that are faster, easier and less expensive to implement.
“We continue to be blown away by the rapid adoption of iContracts and its solutions from companies of all sizes” said Erik Sieverding, president of iContracts. “At this point it is clear that our powerful solutions, superior services, ability to take clients live in less than 60 days, ease of use, and willingness to put the needs of our clients first is putting us at the top of the list of choices for contract management in the pharmaceutical market.” Mr. Sieverding concluded, “We are right on target toward meeting our goal of serving more pharmaceutical and Life Sciences clients than any other contract management company within the next 2-3 years.”
The two new clients being announced today are manufacturers of generic, branded and disposable products. Products under subscription include iContracts Core, Rebate Payer, Chargeback Payer, MedicaidCalculator, and Medicaid Payer.
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, Task Automation Logic (TAL), 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
iContract’s 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.
This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include: the risk of unforeseen technical or practical impediments to planned software development and other risk factors set forth from time to time by the Company.
CONTACT: iContracts, Inc.
Anne Ambrosio, 908-393-9550
aambrosio@icontracts.com