iContracts Contract Management Software

iContracts brings contract management and compliance solutions specifically designed for the requirements of the pharmaceutical and life sciences industry. It promises to be a comprehensive suite of fully integrated solutions, capable of managing all aspects of rebates, chargeback, and Medicaid processes, Government Pricing compliance and other incentive agreements.

These solutions by iContracts are easy to use as such employs a Simplified Common User Interface (SCUI) which only needs a user to learn two simple screen views. Anyone can be an expert in using the application in no time.
 
iContracts: Contract Management For The Life Sciences Industry

iContracts contract management solutions offer Chargeback Payer, which has an ultra-high throughput design which enables small to large companies to speed up the process of validation, reconciliation, payment and notification. It has Tolerance settings that can be combined with fully automated repair routines and can be automated to keep you completely control of business processes.

The Rebate Payer can be very powerful in the management of contracts which are incentive and rebate based. It includes calculations based on net sales, direct & indirect sales, utilization payments, and more. It helps eliminate errors in payment, which can help dramatically reduce administrative workload, providing essential insights when new agreements are negotiated.

Medicaid Payer is a comprehensive solution that supplements in the management of payments as well as compliance with government entities. It facilitates collection and validation of state invoices, monitors and holds disputes, calculates and pays Medicaid rebates and aids in the storage and tracking of URA.

Government Pricing helps life science companies comply with all government reporting and pricing requirements with the use of tools. It helps ensure an organization’s compliance to the established requirements by the Medicare Program, Medicaid Drug Rebate Program, Veteran’s Health Care Act and Federal Supply Schedule. It includes capacity in performing calculations for submissions to the government like BP, AMP, ASP, NFAMP, FCP and PHS. It also provides the needed infrastructure that can support external and internal audits.

The Universal Contract Manager (UCM) helps in the comprehensive management of contract processes and functions, including managing documents, creating and renewing contracts, collecting and preserving information, and help assure delivery of results as stipulated in contracts.

iContracts’s USM helps organizations revolutionize the contract management process from being a necessary evil to becoming a tool that helps align management strategy with execution. It also helps improve visibility, turning them into commitments that are met. This feature is highly important in minimizing costs associated with missed deadlines or expired contracts.
 
Its Reporting Dashboard helps provide a company with capabilities in reporting and analysis across all aspects across contract lifecycle and compliance. Included are financial analysis, analysis of contract performance, forecasting and simulations. This dashboard helps with a method that is capable of reporting current benchmarks and allow historical trends to be reviewed to improve performance. Its key features include a user-defined reporting, contract and pricing performance, audit reporting, historical trending, and flexible formatting.