The Medical Devices and Technology (MedTech) industry is grappling with rapidly changing commercial models, supply chain uncertainty, and ongoing regulatory changes. To compete successfully in a dynamic and highly regulated market, you need industry-specific contract intelligence to quickly and seamlessly manage and update complex agreements and ensure adherence to regulatory and contractual compliance.
Icertis Contract intelligence enables you to unlock the data and information in all your contracts to make better-informed decisions, build stronger business relationships, and adapt quickly to fluctuating market conditions. This makes it easier to aggregate and analyze information in contracts across your organization to increase business agility, visibility, and velocity. The Icertis platform addresses key challenges across the contract lifecycle by managing payment models, multiparty agreements, and regulatory changes effectively in an evolving market. From aligning and managing agreements across GPOs, IDNs, PBMs, and HCPs to automating rebates, pricing, payment terms, and fee calculations, Icertis helps you move more quickly to optimize revenue while providing guardrails to protect business margins.
Empower your sales team to onboard new partners and customers in days, not weeks, with self-service agreements and automated workflows that streamline the contracting process and accelerate approvals.
Manage pricing and rebate terms effectively by tracking contract value utilization, managing complex rebate structures, and negotiating smartly across complicated multi-party agreements.
Ensure your team complies with quick responses to regulatory and market changes.
Ensure your team stays on track and meets the terms of agreements with robust dashboards that give you real-time visibility into key aspects of performance.
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Standardize, streamline, and automate every contract – everywhere
Transforming contracts into structured, connected, and on-demand data is just the beginning. Discover the power of intelligent contract creation, automation, and insights to realize the full intent and maximize the value of every contract, clause, and obligation across the enterprise.
The Clinical Trial Agreements and Budgeting app allows pharmaceutical and life sciences customers to better manage the lifecycle of CTAs, CDAs, and ICFs while tracking trial budgets. The app enables deeper collaboration with CROs and Service Providers through an online portal, allowing easy management of all outsourced activity. Budget-tracking capabilities help capture and track budgets on studies and research and integrate with financials and CTMS solutions to drive visibility.
Ensure compliance, minimize risk, and create long-term strategic agility while gaining full visibility into supplier’s risk profile and ensuring compliance throughout the procurement process.