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RevitasNOW Expands Enterprise Revenue Dynamics in the Cloud



  RevitasNOW Expands Enterprise Revenue Dynamics in the Cloud

  Latest update offers emerging growth pharmaceutical companies powerful new
                  mobility, analytics, and compliance tools

Business Wire

PHILADELPHIA -- January 31, 2013

Revitas today unveiled the latest enhancements to the RevitasNOW™ cloud-based
solution. The RevitasNOW offering expands support for emerging growth
pharmaceutical companies with new functionality for contract lifecycle
management, complex pricing scenarios, and compliance automation and
reporting. The expanded capabilities build on the strength of the solution by
adding mobile capabilities, additional compliance tools, and custom analytics.

RevitasNOW provides mid-market pharmaceutical companies, such as Cornerstone
Therapeutics Inc., with a solution to manage contracts, pricing, and
compliance while leveraging a flexible, pay-as-you-grow model that supports
the rapid growth that often accompanies new product introduction. The
RevitasNOW offering provides companies with an extensible, cost-effective
Enterprise Revenue Dynamics (ERD) solution that lives in the cloud and is
delivered via the Revitas™ Flex™ technology platform, which provides agility
and scalability through a highly integrated environment.

“Many smaller and emerging pharmaceutical companies typically will have less
sophisticated software than their larger counterparts in the industry,” said
Eric Newmark, Program Director of Life Science Business Systems at IDC Health
Insights. “These companies often have more broadly constrained resources, so
they typically rely on manual processes simply because their software options,
even for advanced solutions, have been historically more limited. Thankfully,
SaaS and cloud-based solutions are reversing this trend and helping companies
that fall into this space.”

The RevitasNOW solution includes new mobile features that build upon the core
capabilities of ERD. Through integration with the Adobe® EchoSign® software,
the Revitas Contract Manager component supports enhanced electronic signature
capabilities, allowing for secured signatures to execute contracts
electronically and expedite overall cycle time. In addition, RevitasNOW
includes a Mobile Work Manager interface that allows users to review workflows
for approval or rejection from smartphones or tablets.

New pricing and analytics tools have also been added. With the Revitas 340B
Compliance Manager module, users can accurately calculate rebates under the
340B integrity provision of the Affordable Care Act and avoid costly
non-compliance penalties. And two new analytics modules — Revitas Contract
Manager Explorer and Revitas Medicaid Rebates Explorer — allow users to
construct custom reports, enabling more informed business decisions by a
broader group of workers.

“With the latest RevitasNOW release, we’re continuing to expand our support
for emerging growth pharma companies,” said Al Smith, President and Chief
Operating Officer at Revitas. “We brought our powerful ERD solution to the
cloud so that all companies, regardless of their IT budget or current
infrastructure, can address the crucial business functions of contracts,
pricing, and compliance as they prepare for rapid growth.”

About Revitas

Revitas, the leader in Enterprise Revenue Dynamics, delivers integrated
solutions for contracts, pricing, and compliance that drive higher
profitability and lower risk. Revitas empowers companies to optimize contract
performance by defining, managing, and analyzing complex, multi-tier pricing
incentives and enables positive proof of compliance with commercial,
financial, and industry requirements. Powered by the secure, scalable, and
standards-based Flex™ platform, Revitas™ applications speed time to market and
improve visibility across B2B relationships. Hundreds of organizations across
the most highly regulated and challenging industries leverage Revitas
integrated solutions to save money, make money, and reduce risk. For details,
visit www.revitasinc.com or http://blog.revitasinc.com/.

Contact:

Revitas
Press contact:
Gregory FCA
Alicia Buonanno, 610-228-2096
Alicia@GregoryFCA.com
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