Expansion in Pharmaceutical, Hospital, Education and Other Segments Drive Growth
Raritan, N.J. – February 11, 2013 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced continued rapid expansion and penetration in key market segments throughout 2012, highlighted by record revenue, significant client additions, unparalleled client success stories, and the release of important new product modules and capabilities positioning the company for an outstanding 2013. “2012 was simply a great year for iContracts, and more importantly our valued clients”, commented CEO A. Leigh Powell. “By delivering on our promise of better solutions for managing contracts and compliance that are more automated, flexible, faster, easier and less expensive to implement, we have advanced the discussion from companies of all sizes as to why solutions from other providers require so much investment, yet provide such little return. Innovations such as Task Automation Logic (TAL), Simplified Common User Interfaces (SCUI), the Better Contracting Solutions (BCS) Platform, Software as a Service delivery model, and Universal Contract Manager (UCM) have set iContracts apart from legacy providers, enabled us to consistently capture over 90% of competitive opportunities in our core markets, and helped our clients go live on time and on budget while realizing tremendous results and value. iContracts has terrific momentum heading into 2013 and with additional innovations on the horizon, we fully expect continued growth in the coming year.”
iContracts Highlights:
- Record New Client Additions and Go-Lives
- Nearly 150 Entities Now Powered by iContracts Solutions
- Continued Product Innovation
- Development and Launch of iContracts Accruals Manager module
- Expansion of Module to Manage Medicare GAP Regulation (GapPayer)
- Automation of Milestone Alerts based on Contract Types in Universal Contract Manager
- Expanded Support for Managed Care Rebates and Programs
- Expanded Support for the Patient Protection and Affordable Care Act
- Introduction of UCM Dashboard with “My Views”
- Delivery of iContracts Link API for Seamless Integration and Visibility into 3rd party and custom legacy solutions
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. Our software is far ahead of other solutions. Powered by a Simplified Common User Interface (SCUI) that makes every user an “expert” by learning just two simple, reusable views and is backed by highly evolved data architecture – built by technologists with considerable and unique experience in building contract management solutions for the Life Sciences industry. This deep understanding and straightforward approach shows in everything we do. Our solutions are enterprise-class and can be 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. For more information, please visit www.icontracts.com.