Life Sciences Contract Management Software Solutions

Many life sciences companies are wasting millions of dollars every year through ineffective contract management processes.  Contracts are critical because they often specify rebates, chargebacks, incentive programs, and other complex financial calculations, yet many companies author contracts using informal processes, then compound the problem by storing the documents in paper form, causing storage and access issues.  In addition, flawed contracts can result in duplicate prescription submissions and expired eligibility, resulting in reduced profits and exposure to financial penalties.  Without an in-depth command over government and insurer-mandated contracts, life science companies are exposed to lost revenues, compliance penalties, and flawed forecasting.

The Selectica Enterprise Contract Management Solution

Selectica contract management solutions can help companies address the challenges faced in navigating a complex regulatory environment. In addition, Selectica provides analytic tools to provide life science companies with insight into the effects of their past, current, and proposed contracts.  Selectica can help companies:

• Create a centralized repository for managed markets’ agreements for speedy access
• Reduce lengthy, inefficient approval cycles with enterprise class workflows
• Simplify contract creation using pre-approved clauses managed in a central library
• Reliably track and report relevant commitments
• Effectively manage product or price changes requiring notifications or amendments

Learn More:
Read a Case Study – Find out how a leading pharmaceutical company manages its contracts with the Selectica solution.
View an Online Demo – See first hand how Selectica Contract Lifecycle Management can change how your company manages its contracts.