I-many Inc. - Contract Management for the Enterprise

Contract Management for the Enterprise

Minimize Revenue Loss Through Optimization

Life sciences organizations are faced with a multitude of contract issues that can create the potential for revenue loss. Contracts define billions of dollars in corporate commitments, yet most contracts are authored through semi-formal processes and are stored on paper. Contracts are also increasingly complicated by rebates, chargebacks, incentive programs and other complex financial calculations, and duplicate prescription submissions and expired eligibility continue to erode profits. The government is becoming a larger customer every year bringing stringent and penalty-laden requirements for program participation. Similarly, accountability is critical as SOX and other government regulatory challenges grow each year.

I-many Contract Management Suite for Life Sciences� is a comprehensive solution that enables the management of the entire contract lifecycle, from pre-contract processes and contract management to active compliance and contract optimization. The result is an end-to-end solution that provides life sciences enterprises greater levels of insight into contract performance, allowing them to improve profitability and achieve measurable return on investment (ROI).

The Solution � The Contract Management Enterprise Foundation Model

I-many�s Contract Management Enterprise Foundation Model defines the broad set of functionality required to address the opportunity presented by the contract lifecycle. Foundation Model provides the strategic roadmap necessary to fulfill contract management needs of the enterprise. I-many is the only supplier to address all three Foundation Model levels with a comprehensive and highly integrated, industry-relevant product set.

Foundation Level One provides contract infrastructure software, including authoring, self-service and storage. These infrastructure products closely meet life sciences contract-authoring requirements by providing functionality to automate contract-creation business processes to run the enterprise more efficiently. Foundation Level One products provide online storage and access to contracts allowing stable and repeatable business processes to align to meet the requirements of Sarbanes-Oxley.

Foundation Level Two provides compliance and adjudication software for both commercial and government contracting to address the opportunity in revenue management and optimization. Foundation Level Two products are aligned with specific life sciences industry supply chain practices. The barrier to entry is very high�domain knowledge must exist in the Compliance Software for the complexities of the life sciences supply chain, rebates, incentives, chargebacks and a host of very specific financial arrangements. Software tools must inherently and very specifically address the requirements of the industry prior to any integration or customization. Revenue optimization is one of the critical factors for driving ROI to the highest levels of achievement and, only when combined with revenue management, gives you the ability to drive the business to meet target business milestones and objectives. Revenue management alone is not enough.

Foundation Level Three provides contract analytics software that provides insight into the business and strategy. Contract analytics pulls together multiple views of the contract lifecycle within the enterprise, including past performance, current negotiations and projected performance. Foundation Level Three applications are extensible to provide a concurrent view of both commercial and government programs. From simple applications, such as accruals and financial projection, to complex views where government programs in one business area adversely affect projected margins and business practice in another commercial area, Foundation Level Three software creates awareness of opportunities and risk previously not visible. Foundation Level Three positions the enterprise to better understand and set strategies for success.

Only I-many provides an integrated solution for life sciences enterprise, available today, across all three foundation levels.

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