I-many Government Pricing Goes Live at Graceway Pharmaceuticals
I-many Government Pricing 6.5 with Formula Builder is key to compliance, automation and scalability of reporting for state and federal audit requirements
EDISON, N.J.--(BUSINESS WIRE)--Jul 14, 2009 - I-many, Inc., a leading provider of contract management software and services for the enterprise, today announced that Graceway Pharmaceuticals, LLC, is processing its complete government pricing reporting functions with I-many Government Pricing 6.5™. Using I-many's Formula Builder technology and flexible Web services–based platform, Graceway has quickly been able to realize valuable savings through scalability and automation while continuing to ensure that its filings remain compliant with government price reporting requirements.
I-many Government Pricing 6.5 represents a major step in the pharmaceutical industry's government pricing reporting and compliance capabilities. The most important new aspect of I-many Government Pricing 6.5 is Formula Builder, a module that enables customers to manage pricing calculations easily, using existing spreadsheet formulas and standard business user knowledge. The application runs on I-many's Web services–based platform, Enterprise Contract Management Framework, which enables simple integration with multiple data sources, a process that is key to bringing together the various data necessary to generate the required reports. “The flexibility to easily map data from a variety of sources will enhance transparency while reducing reliance on manual processes,” said Joel Winterton, CEO and founder of SET Enterprises, a key pharmaceutical industry consultancy. “This, when coupled with the convenience and flexibility of I-many Formula Builder, delivers an industry first in providing a powerful government price reporting and compliance toolkit.”
Boris Meyerson, Graceway's Senior Vice President of Business Operations, stated “The I-many system allows us to remain compliant while incorporating the flexibility, transparency, automation and scalability that are essential to our growth plans. I-many Government Pricing 6.5 is a great value, and given I-many's 20 years in the business, I trusted the company to get the job done, and it did.”
I-many Chairman and interim CEO Paul Winn agrees that the company's partnership with Graceway has been mutually beneficial, saying, “Graceway is a great customer for us. Their growth and need for flexibility and automation are a perfect fit for this product. Our dedicated professional services organization, along with our partner Activus Solutions, have worked together with the Graceway team to deliver on the vision that Graceway and I-many had for this solution. When we embarked on the total redesign of our Government Pricing module, our goal was to leap frog the competition and provide our clients with a system that met all their government compliance reporting needs. The experience at Graceway is a proof statement that we have met our goal. We're happy to be delivering this kind of value and look forward to supporting it in the years ahead.”
I-many is the leading provider of contract management software and services for the enterprise. With hundreds of companies across 21 industries worldwide, I-many enables businesses to manage the entire contract life cycle, from pre-contract processes and contract management to active compliance, contract optimization, demand channel visibility and control. The result is an end-to-end solution that provides greater levels of insight into contract performance, allowing companies to improve profitability and achieve a measurable return on investment. For more information, please visit www.imany.com.
John Grundy, +1 650-780-7800
Posted: July 2009