Pharmaceutical Industry
"Crossing the Finish Line!
Automating Multi-Application Business
Controls for Pharmaceutical Compliance & Audit"
Link to webcast: click here
Is your enterprise stumbling on the complexity and expense of automating the business controls to manage charge backs, contract audits, FDA/DEA compliance and Ariba procurement across your non-SAP applications?
You are not alone. Many pharmaceutical companies have implemented SAP GRC to automate access and security controls, and to provide continuous monitoring of sensitive transactions within the SAP environment. But the lack of these automated controls or use of manual, error-prone methods for SoD, provisioning, super-user access, and continuous monitoring of sensitive transactions for your third-party, non-SAP applications creates serious, enterprise-wide business issues:
- Chargebacks can be 25% of sales, leading to incorrect accruals, overpayments and underpayments, government fines
- FDA/DEA issues involving heavy fines, criminal penalties, and observations
- Procurement exposure with cross-platform issues between Ariba, SAP, etc.
- Lack of single-view, holistic compliance and audit reporting with increasing costs and inefficiencies
Sprint to the Finish Line! With Greenlight Technologies, an SAP partner who has helped over 80 respected enterprises, you will sprint to the finish line and solve these issues cost-effectively and more easily than you can imagine. Learn about the assurance you get by using Greenlight's real-time connectors to bring non-SAP applications into the protection of your SAP GRC platform. Greenlight provides the industry's largest library of pre-defined, comprehensive controls content for most applications, and can include Custom and Legacy systems as well. Some of your systems may include I-Many, Model N, Ariba, PLM, JD Edwards, Baan, Oracle, BPCS, MAPICS, SAP
This webinar is suitable for executives in GRC, Finance, and Audit.
To help you with some of the finer points of this approach Greenlight Technologies sponsored a webcast in November 2009. To view the Webcast see the link and instructions at the end of this memo.
Some of the discussion in the webcast 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.
As you are probably aware, 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. So, take a look, let us show you where our excellent experience in successfully completing Return on Investment analysis with many of our customers can help you show your CFO some of the areas where other companies have experienced significant financial savings.
Or, if you prefer you may contact us to request a free Feasibility Assessment Study where we work with you to test run the Greenlight solutions with your controls and your data.
For more information on Greenlight solutions, or to build an ROI, or to set up your Feasibility Assessment Study contact Greenlight Technologies at : info@GreenlightCorp.net
Viewing the Greenlight Technologies webcast on Automating Multi-Application Business Controls for Pharmaceutical Compliance and Audit click on the below link.
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