Top 10 Generics Manufacturer by Volume Implements Solution for Managing Chargebacks
Raritan, NJ – December 10, 2014 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that Aurobindo USA, one of the ten largest generics manufacturers in the pharmaceutical industry, has gone live with iContracts Chargeback Payer. Aurobindo USA selected iContracts full suite of solutions to manage their critical contract processes and recently completed the successful implementation of Chargeback Payer.
iContracts Chargeback Payer allows a company to speed through the process of validation, reconciliation, payment and notification. User defined tolerance settings in combination with fully automated repair routines, puts the manufacturer in control of this critical business processes. The entire suite of products are based on iContracts’ Better Contracting Solutions (BCS) platform and will help life sciences companies of all sizes manage their portfolio of products and high volume transactions.
“We are pleased to have successfully concluded the implementation of the iContracts Chargeback Payer module,” stated Robert Cunard, CEO of Aurobindo USA. “The implementation processes was seamless and given the intuitive nature of iContract’s solutions, our team was able to become productive in a flash. Working with the iContracts team has been an absolute pleasure and we look forward to implementing the full suite of solutions to enhance our customer experience and provide additional efficiency to Aurobindo USA.”
“We are gratified to be working together with such a well-known and respected generics manufacturer such as Aurobindo USA on this important initiative,” commented Leigh Powell, Chief Executive Officer of iContracts. “iContracts’ ability to deliver truly unique solutions that addresses real, everyday needs for large pharmaceutical manufacturers with high volume transactions like Aurobindo USA, further reinforces our leadership position in the market, which in combination with our clearly superior value proposition across our product suite continues to drive our success in the life sciences market.”
Aurobindo USA’s successful go-live on Chargebacks will be followed by implementation of the remainder of iContracts full suite of solutions including Rebate Payer, Medicaid Payer, Government Pricing, Accrual Manager and Analytics & Reporting. iContracts’ solutions are available as an “on demand” service or as a behind-the-firewall offering and are built on iContracts’ revolutionary BCS platform featuring an advanced data architecture, rich functionality and Simplified Common User Interface (SCUI) enabling users to execute any process after learning just two basic page formats. This groundbreaking design drastically reduces implementation; training and future upgrade timeframes and costs. iContracts offers a competitive migration program for organizations who are thinking about making a change from their existing platform.
About iContracts
iContracts’ goal is simple – to deliver better solutions for managing contracts that are faster, easier and less expensive to implement. This mantra is reflected in everything we do. Powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by understanding a few core concepts, iContracts solutions are backed by the most highly evolved cloud-based architecture in the industry, built by technologists with extensive contract management experience. iContracts comprehensive suite of solutions revolutionize how organizations think about and manage all aspects of a company’s contract management process, transforming it from an unwieldy collection of spreadsheets, customer applications, filing cabinets, and scattered electronic directories to a powerful tool that aligns strategy with execution, while simultaneously insuring greater visibility into commitments and the ability of companies to support growing needs for regulatory reporting and audits. Our solutions are enterprise-class and can be quickly and easily integrated with any off-the-shelf or custom system to meet exacting business requirements without the army of consultants and endless fees associated with other products and providers.
About Aurobindo USA
As one of the largest suppliers of API across the globe, combined with quality, manufacturing, and formulation expertise, Aurobindo has created a vertically integrated process poised to continue expansion within the US market. In addition to our global production, Aurobindo operates 2 facilities in central New Jersey, with approximately 300,000 square feet of laboratory, manufacturing, distribution, and administrative space with more than 200 talented associates. Through our flexibility in balancing highly efficient global production with in-market capabilities for packaging and controlled substance development and manufacture, Aurobindo is diversifying into a wide range of products and dosage forms. With a consistent focus on quality, affordability, and customer satisfaction, Aurobindo is well positioned to deliver consistent growth and value to our customer partners in the years ahead. For more information, please visit www.aurobindousa.com.