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Return on Investment

The Financial Incentive is Strong

Contract Management for the enterprise provides strong return on investment (ROI) for life sciences companies. There is ample opportunity to automate every step of the contract lifecycle with software which provides tangible and rapid financial rewards.

Contract Infrastructure Software provides ample opportunities for financial benefit through process improvement, approvals and workflows, but most importantly, this software positions the life sciences enterprise to better address Sarbanes-Oxley process requirements.

Compliance Software provides revenue management components that can substantially reduce errors in contract calculations, eligibility and even duplicate claims submissions. The potential for hard savings has been documented from 2–4% of all rebate, chargeback and incentive payments, which can be massive in a large life sciences enterprise. Scrubbing submissions for duplicates at the prescription level can provide another strong layer of ROI.

Finally, Contract Analytics Software has the potential to provide the largest returns for life sciences companies. Revenue management, a very basic layer of functionality, when integrated with powerful Contract Analytics, enables life sciences enterprises to execute optimization strategies. Optimization can provide substantial financial rewards, enhance strategic positioning and deliver competitive advantage.

Click on the following products for more information:

• I-many Contract Manager™
• I-many CARS® NG
• I-many Government Pricing™
• I-many Medicaid Rebates™
• I-many Validata™
• I-many Medicaid Analytics™
• I-many CARS® BI
• I-many Architecture