Advances in biotechnology are not only opening up new product opportunities but are also trimming the time and expense of development. Pooling R&D potential has been part of the logic behind such mega-mergers as those between Pfizer and Warner-Lambert, Glaxo Wellcome and SmithKline Beecham, and the companies that today are known as Aventis, Novartis, and AstraZeneca. As competition to create the next “wonder drug” heats up, more companies will be merging and seeking collaboration. The industry is further complicated by a myriad of pricing structures: full-price, variable discount levels, commissions, and the like. Some transactions can involve several organizations receiving tiered levels of payment that change from transaction to transaction. Solutions that manage these complex relationships must not only provide robust functionality; they must be incredibly flexible and allow non-technical business users to change configurations and transaction parameters “on the fly.”
Pharmaceutical Partner Solution
ObjectBuilders’ LiveApp Solution for Partner Settlement enables companies to succeed in the new connected economy. The Solution delivers business agility by enabling you to manage thousands of unique partner contracts that generate millions of transactions a day and handle the many data feeds that automatically settle contractual agreements. LiveApp Solution for Partner Settlement organizes, processes, calculates, reconciles, facilitates payments and receipts, and provides output payment files and reports.
Companies with large partner networks use LiveApp Solution for Partner Settlement to manage complexities of financial relationships with partners that include:
LiveApp Solution for Partner Settlement easily integrate with existing systems including:
Pharmaceutical Resolution Management Solution
Multiple partner, channel and customer relationships ultimately mean one thing for pharmaceutical firms’ financial systems: a greater number of transactional errors and exceptions. Exception management presents a tremendous opportunity for improved business process and financial performance, due to the large number of partner-based and other financial transactions that, due to information errors, do not complete.
ObjectBuilders’ eResolve LiveApp Solution offers organizations the ability to visually model their business processes and apply workflow automation rules across all revenue and transaction channels. Powerful customer service management capabilities, coupled with advanced analytical and business performance features, deliver cost savings and enhanced performance, as well as heightened customer and partner satisfaction.
Like all ObjectBuilders LiveApp Solutions, eResolve is designed to integrate seamlessly with your systems, enabling you to extend, enhance and evolve your existing IT infrastructure. eResolve is fully compatible with ObjectBuilders’ LiveApp Solution for Partner Settlement and other leading systems.