Market Leading, Out-of-the-Box, Life Sciences SaaS Solution will Enable Pharma Leader to Comply with Complex Disclosure Reporting Requirements
BEDMINSTER, N.J.--(BUSINESS WIRE)-- Cegedim Relationship Management today announced that the U.S. division of a top-10 global pharmaceutical company has selected its solution, AggregateSpend360™ as a Service, to manage compliance with state and federal disclosure and transparency requirements. This leading global pharmaceutical company joins the ranks of 20+ other AggregateSpend360 customers, thus continuing Cegedim Relationship Management’s leadership as the market share leader for aggregate spend solutions.
Requirements for disclosure reporting on expenses associated with marketing activities, clinical trials, samples, and gifts and payments to Health Care Providers (HCPs) – commonly known as aggregate spend reporting – continue to become increasingly complex for Life Sciences companies, particularly with the approaching deadlines set forth in the Patient Protection and Affordable Care Act, Section 6002 (which is sometimes referred to as the Physician Payments Sunshine Provisions). AggregateSpend360 enables Life Sciences manufacturers, including pharmaceutical, biotechnology and medical device companies to comply with these requirements without the time and expense of a custom developed solution. It is an out-of-the-box, Software as a Service (SaaS) solution which can be quickly and simply deployed.
AggregateSpend360 collects data from disparate systems and automatically generates reports per the latest regulations. It enables users to automate aggregate spend data analysis and “what if” reporting, and integrates easily with any CRM solution. In 2006, Cegedim Relationship Management was the first to market with an aggregate spend reporting tool, and today customers continue to benefit from 20-plus years of market-leading regulatory consulting services and comprehensive state, federal and global compliance capabilities.
“This pharmaceutical leader has been a Cegedim CRM customer for more than 10 years, and we are very proud that they have also selected us to help them meet the increasing demands of aggregate spend disclosure reporting,” said Bill Buzzeo, Vice President of Global Compliance Solutions at Cegedim Relationship Management. “U.S. Life Sciences companies are seeking to relieve the substantial administrative burden of compliance because of existing and forthcoming state and federal regulations, and Cegedim - as the industry pioneer and market leader - is in a position to help them.”
In addition to the United States, AggregateSpend360 is also available in Europe, the Middle East and Africa (EMEA). The EMEA release of the product addresses that region’s trend toward transparency, helping companies monitor promotional spending and comply with laws such as the Foreign Corrupt Practices Act and the UK Bribery Act. The expansion of AggregateSpend360 for the Asia Pacific Region is planned for early 2012.
|About Cegedim Relationship Management:||
Cegedim Relationship Management is the Life Sciences industry’s leading provider of Customer Relationship Management (CRM) solutions. Designed specifically for Life Sciences, the company’s innovative business solutions incorporate a thorough understanding of local, regional and worldwide trends. Cegedim Relationship Management enables more than 200,000 users in many of the world’s most innovative companies to stay ahead of market challenges. In addition to CRM, Cegedim Relationship Management also provides marketing, data optimization and regulatory compliance solutions in more than 80 countries. Cegedim Relationship Management is part of the France-based Cegedim S.A. Group.
To learn more, please visit: www.cegedim.com/rm.
Founded in 1969, Cegedim is a global technology and services company specializing in the healthcare field. Cegedim supplies services, technological tools, specialized software, data flow management services and databases. Its offerings are targeted notably at healthcare industries, life sciences companies, healthcare professionals and insurance companies. The world leader in life sciences CRM, Cegedim is also one of the leading suppliers of strategic healthcare industry data. Cegedim employs 8,500 people in more than 80 countries and generated revenue of €927 million in 2010. Cegedim SA is listed in Paris (EURONEXT: CGM).
To learn more, please visit: www.cegedim.com.
KEYWORDS: United States Europe North America France
INDUSTRY KEYWORDS: Technology Data Management Hardware Software Health Biotechnology Pharmaceutical Mobile/Wireless Managed Care