Raritan, NJ – May 3, 2010 – iContracts, a leading provider of solutions for managing corporate contracts, commitments, and compliance today announced that Rising® Pharmaceuticals, Inc., a Pharmaceutical Company specializing in multi-source prescription and over-the-counter pharmaceuticals, has gone live on solutions from iContracts™ to manage chargebacks, rebates, and government pricing compliance. The entire suite of products are based on iContracts’ Better Contracting Solutions (BCS) platform, available on-demand or behind-the-firewall, and will help Rising Pharmaceuticals™ manage their broad portfolio of products in a unified environment with a high degree of automation.
Richard Monica, Controller, with Rising Pharmaceuticals, commented “throughout our evaluation process it was clear that iContracts’ vision, products, focus on the success of their clients, and commitment to rapid value realization was radically different and superior to other solutions and providers. By going live so quickly, a process that included integration with our EDI provider and ERP system, iContracts demonstrated the ability to execute on their promises and establish a new standard for the industry. More importantly, we now have a highly automated, completely web-based suite of solutions that will support our growth for years to come. We are thrilled to be partnering with iContracts and look forward to working together for many years to come.”
“We are gratified to be working with an exceptionally well run company like Rising and with individuals who share our philosophy of implementing intelligent solutions that leverage technology to improve productivity, reduce costs, and ensure compliance, observed A. Leigh Powell, Chief Executive Officer of iContracts.” “iContracts’ momentum continues to build with significant new client wins, which is clearly important as we strive to achieve our goal of powering more Life Sciences companies with solutions than any other contract management solution provider by the end of calendar year 2010 – but such a goal would be impossible to reach unless we continued to deliver on our promise of delivering better contracting solutions to the Life Sciences market that require far less investment, go live faster, and maximize value to our clients.” Powell concluded, “Through our continued focus on the success of our clients and de-mystifying the process of contract management, we remain on track to achieve our goal” 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 screen formats. This groundbreaking design drastically reduces implementation; training and future upgrade timeframes and costs.
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 generations 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 backed by the most highly evolved data architecture in the industry – built by technologists with more experience in building contract management solutions for the Life Sciences industry than anyone on the planet! This deep understanding and straightforward approach shows in everything we do. iContracts comprehensive suite of solutions manages all aspects of a Life Science company’s chargeback, rebate and Medicaid processes as well as other incentive agreements and Government Pricing compliance at all levels. 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. For more information, please visit www.icontracts.com.
About Rising Pharmaceuticals
Rising Pharmaceuticals is an industry leader in marketing and distributing non-innovative multi-source prescription and over-the-counter pharmaceutical products. Our products cross a variety of therapeutic areas and many dosage forms. We have a robust emerging pipeline of pharmaceutical products and are focused on the development of Abbreviated New Drug Application (ANDA) products. Rising Pharmaceuticals is committed to providing our customers with high quality pharmaceuticals. Our products are manufactured in state-of-the-art GMP facilities using quality assurance techniques that meet regulatory standards. Through our close partnerships with our customers throughout the United States, we ensure the safe and effective delivery of our products to the public. Our leading management team of industry experts is dedicated towards continued innovation in drug development, marketing and delivery.
iContracts Media Contact:
Anne Ambrosio
iContracts, Inc.
Tel: 908-393-9550
aambrosio@icontracts.com