|[March 17, 2015]
Revitas to Offer Advanced Solution for Gross-to-Net Waterfall through Expanded Partnership with Breakaway Technologies
Inc., the leader in revenue acceleration, is extending its
partnership with Breakaway
Technologies, Inc. to offer Breakaway's Managed Markets Gross-to-Net
Accelerator™ as an integral part of the Revitas® solution suite. Under
the partnership, global pharmaceutical manufacturers can now work
directly with Revitas as a single trusted advisor to deploy an advanced,
end-to-end revenue management solution, gaining complete visibility into
the gross-to-net waterfall and improving enterprise-wide forecasting,
reporting, and revenue management.
Breakaway Technologies' Gross-to-Net Accelerator enables pharmaceutical
manufacturers to improve pricing and contracting strategies for Managed
Markets by analyzing gross-to-net performance. Its integration into the Revitas
Flex® platform provides for the seamless exchange of transactions
and data with the Revitas Revenue
Manager™ and Revitas Financial
"Revitas is pleased to offer Breakaway Technologies' best-of-breed
gross-to-net reporting solution as an integral element of the Revitas
solution suite," said Jon Smith, Vice President, Alliances and Business
Development for Revitas. "The solution allows pharmaceutical
manufacturers to accurately transform financial forecasting into
reported results. It aligns perfectly with Revitas's ability to automate
the calculation and management of financial accruals, thereby enhancing
revenue management, a critical discipline for pharmaceutical
As Stephen Davies, Research Director for Gartner (News - Alert), points out in the 2014
study titled, Hype Cycle for Life Sciences, "Companies we have
spoken with are not shy about pointing to the millions to hundreds of
millions of dollars they have saved through better revenue management.
Given the industry's low-growth-rate challenges, more-complex pricing
terms in contracts and ever-higher standards in government programs,
these applications are necessary capabilities that need to be leveraged
for optimal net revenue yield."
This agreement is an extension of Revitas's ongoing partnership with
Breakaway Technologies. In June 2014, Breakaway Technologies became the
first partner to join the Revitas Validated Integration Program, which
enables partners to offer advanced solutions that leverage Revitas
products and data assets and deliver them on the Revitas Flex Platform.
"This expanded partnership between our companies demonstrates our
commitment to helping pharmaceutical manufacturers achieve deeper
visibility into financial operations so they can better manage product
profitability," said Tom Rowland, President, Breakaway
Technologies. "The addition of Managed Markets Gross-to-Net Accelerator
enhances the Revitas Flex Platform by providing a turnkey solution for
Managed Markets contract analysis, discount forecasting, and accrual
Revitas and Breakaway Technologies will demonstrate their integrated
solution at the Gross-to-Net
Accounting Forum at the IIR Government Programs Summit being held
March 23 to March 25 in Arlington, Virginia.
About Revitas, Inc.
Revitas is the leading provider of enterprise-class solutions for
channel and contract management, on premise and in the cloud. Revitas
solutions enable organizations to accelerate revenue through diverse,
multi-level sales channels and attain maximum value from contracts. For
over 25 years, Revitas has empowered companies in channel-intensive
industries to achieve best-in-class performance and sustainable
competitive advantage. For more information, please visit www.revitasinc.com.
About Breakaway Technologies, Inc.
Breakaway Technologies is a business performance management (BPM) firm
specializing in custom analytic solutions for more than a decade.
Breakaway builds processes and works with software to improve budgeting,
planning, forecasting, and consolidation processes. Through its Managed
Markets Gross-To-Net solution, Breakaway Technologies delivers an
out-of-the box, turn-key solution for Managed Markets contract analysis,
discount forecasting and reserve reporting. Learn more about Breakaway
Technologies by visiting http://www.breakaway-inc.com/.
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