Company Overview of Revitas Inc.
Revitas Inc. provides integrated solutions for contract, pricing, and compliance management. It offers revenue management solutions that include Revitas Pricing Dynamics, a pricing engine for the definition, management, and execution of contract pricing terms and incentive pricing scenarios; Revitas CARS that enables companies to design and implement creative pricing strategies; Revitas Validata, a solution for managed care rebate claims validation; and Revitas Advanced Membership that streamlines the critical processes associated with contractual membership. The company also provides Contract Management, a standardized structure and process for contract management; and Revitas Royalty Manag...
1735 Market Street
Philadelphia, PA 19103
Founded in 1989
Key Executives for Revitas Inc.
Chief Executive Officer and President
Chief Technology Officer and Vice President of Product Line Management
Senior Vice President of Global Markets
Compensation as of Fiscal Year 2014.
Revitas Inc. Key Developments
Amneal Pharmaceuticals, LLC Selects Revitas Inc.'s Revenue Management Suite
Dec 18 14
Revitas Inc. announced that Amneal Pharmaceuticals has selected the Revitas suite of revenue management solutions to support global growth and meet expanded business requirements. The suite of revenue management applications will be delivered on the strategic and standards-based RevitasÂ® FlexÂ® technology platform. The implementation will provide Amneal with a robust, efficient, and cost-effective suite of commercial and government contracting applications for optimal operational performance and efficiency, and improved reporting capabilities.
Revitas, Inc. Announces Availability of Version 7.10 of Revitas® Flex® Platform Applications (Revitas 7.10)
Oct 20 14
Revitas Inc. announced the availability of version 7.10 of the Revitas® Flex® platform applications (Revitas 7.10), a full solution suite release designed to drive more effective contracting and financial management processes by breaking down silos between contract origination and revenue management. The update simplifies and speeds contract authoring and execution while providing greater transparency and management of long-term revenue opportunities. Revitas 7.10 breaks down functional silos and integrates the entire contract lifecycle, from authoring to execution, by informing, aligning, and enabling managers across business domains. The latest release provides new features designed to optimize business operations across the enterprise, including: Integrated contract and revenue management. Revitas 7.10 breaks down the silos between the contract and revenue management functions. Now, sales operations professionals can leverage an intuitive Incentives Wizard to easily create high-impact incentives, such as stacked, tiered, or bundled rebates, in order to build stronger channel partner relationships and fully optimize revenue opportunities. These incentives are instantly available to both the contract document and the revenue management system, enabling greater visibility and cross-functional collaboration, assuring consistent execution of the most up-to-date contract terms, and minimizing the risks associated with overpayment. Enhanced mobile contract management. With Revitas 7.10, field sales representatives can speed contract-related tasks and accelerate deal closures by searching for and downloading contracts, requesting amendments, and managing workflow approvals—all from their mobile devices. Improved financial accruals management. For many organizations, managing accruals is a complex process that is not sufficiently managed by traditional enterprise resource planning (ERP) systems. Revitas 7.10 automates accrual management to increase accuracy, optimize working capital, and deliver visibility into product-level profitability. Revitas helps organizations determine the best accrual rate based on historical product sales. Updated features provide organizations with additional support for complex accrual types and offer enhanced flexibility to manage accruals at a detailed level. Enhanced industry-specific capabilities. Revitas 7.10 offers enhanced compliance capabilities for life sciences companies to help organizations stay up to date with changing regulatory requirements and government standards, including greater support for 340B rebate price change netting and globalization support of Medicaid Rebates.
Global Software Company Selects RevitasNOW(TM) Contract Manager(TM) Solution for Cloud-Based Enterprise Contract Lifecycle Management
Sep 4 14
Revitas Inc. announced that a global software in information and business process management solutions has selected the RevitasNOW(TM) Contract Manager(TM) solution for cloud-based enterprise contract lifecycle management. The cloud deployment supports the company's aggressive acquisition strategy and allows for the integration and standardization of contract management across its expanding portfolio of business units. RevitasNOW Contract Manager will provide this $3 billion business software leader with a new, single global system that simplifies processes, streamlines workflows, and offers a standardized framework for managing all contracts worldwide. The volume, complexity, and scope of the company's contracts demanded a flexible and scalable platform to accommodate the company's rapid global growth due to mergers and acquisitions, as well as international organic demand for big data analytics and insights. The RevitasNOW Contract Manager solution provides significant visibility, control, and leverage over the entire contract lifecycle, while the cloud technology platform easily accommodates the inevitable changes to corporate structure brought on by mergers and acquisitions. The solution also provides comprehensive functionality for authoring, execution, and full lifecycle management of the company's business agreements. RevitasNOW Contract Manager will integrate with the company's customer relationship management (CRM) solution, enterprise resource planning (ERP) platform, and other business-critical applications so that contract data will flow seamlessly across end-to-end business processes, reducing data entry, increasing accuracy, and ensuring compliance.
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