| [October 20, 2014] |
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Revitas 7.10 Streamlines Lead-to-Cash Management with Mobile, Integrated Contract and Revenue Management
PHILADELPHIA --(Business Wire)--
Revitas
Inc., the leading provider of integrated solutions for contract,
revenue, and compliance management, today 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.
As Forrester Research (News - Alert) analyst Andrew Bartels notes in his September
report, Market Overview: Contract Lifecycle Management, 2014:
"Industries like pharmaceuticals and medical equipment have long had
complex sales channel management challenges, involving rebates,
discounts, and other incentives owed to channel partners and end
customers. As a result, these industries have been early adopters of
revenue management solutions that include contract management."
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:
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Integrated contract and revenue management. Revitas 7.10 breaks
down the silos between the contract and revenue management functions.
Now, sales operations professionals can leverae 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.
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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.
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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.
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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.
"The release of Revitas 7.10 delivers a game-changing solution for
organizations to manage complex business relationships and drive a
greater ROI from their investment in indirect channels," said Michael
Kerman, Vice President of Business Management at Revitas. "The latest
release provides unique levels of enterprise integration that can
enhance the bottom-line results of lead-to-cash processes, which have
traditionally been challenging to improve. The Revitas 7.10 solution
suite accelerates deal flow, enables more flexible and compelling
incentives, automates complex incentive validation, and provides rapid
insight into contract effectiveness as well as partner and incentive
performance."
For more information about the Revitas platform, please visit the Revitas
website.
About Revitas
Revitas accelerates revenue by delivering comprehensive, integrated
solutions for contract, revenue, and compliance management. Revitas
enables channel-driven companies to create, execute, and manage complex
contracts and incentives effectively and profitably, both on premise and
in the cloud. Powered by the secure, scalable, and standards-based Flex®
platform, Revitas® solutions interoperate with core business systems
including CRM, CPQ, and ERP, extending the functional reach and
maximizing the value of the enterprise applications ecosystem. For over
25 years, Revitas has empowered companies in world's most challenging
and highly regulated industries to boost total revenue, optimize
profitability, and ensure regulatory and financial compliance. Learn
more about Revitas by visiting www.revitasinc.com
or http://blog.revitasinc.com/.
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