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Home > Solutions > Industry Solutions > Life Sciences/Pharmaceutical
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Life Sciences/Pharmaceutical
This Webcast is an informal presentation of a few of the continuous control monitoring opportunities that directly impact the bottom line and compliance requirements for a Pharmaceutical company. Some of the discussion focuses on:
Revenue and Compliance Challenges
Most cases of non-compliance are due to lack of visibility across the entire process with regards to pricing, discounts, and incentives.
Revenue Pressures
- Competition
- Huge Volume of Transactions and Contracts
- Complex, often overwhelming number of :
- Indirect Channels
- Buying Groups
- Governmental Agencies
Risk Considerations
- Regulatory Scrutiny and Compliance:
- Increased regulations and government scrutiny
- SOX, FDA, SEC Filings, Chargeback
- Chargebacks / Contracts related audit controls
30% Sales in chargebacks/ contracts and rebates management
- FDA and DEA audits
- Complex Supply chain and Procurement Processes
- Business processes across heterogeneous systems
- Oracle, SAP, Ariba, PSFT, I-Many, EDI, CRM, custom and legacy systems
- M&A activity will continue to intensify the complexity of IT landscape
- "Systems Consolidation" is extremely expensive and long term
Included in the Webcast are examples of typical scenarios you will encounter as you manage your control environment, examples of the controls that come with the Greenlight Technologies Solutions which will help you proactively improve control management and abuse detection.
Defending the need for compliance tools and building a Return on Investment for these tools has always been a difficult issue to address with a CFO or Controller. We spend a few minutes of our Webcast to show you some of the areas where other companies have experienced significant financial savings.
Take a look at this Webcast, as you will see, one of the rewards is a free Feasibility Assessment Study where we work with you to test run the Greenlight solutions Test run the Greenlight solutions with your controls and your data. Or you can contact Jerry Helton at (407) 405-6869 to get started right away.
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