Drive Perfect Orders, From Plan to Provision
Performance-based contracts are the mechanism that pharmaceutical companies use to drive and measure growth across suppliers, distributors, hospitals, pharmacies, and payers. But without an integrated contract lifecycle management process, Sales sees reduced contracting speed and efficiency, while R&D and Procurement teams struggle to effectively source clinical trial vendors and ensure compliance. Apttus brings the entire contract lifecycle to one platform, ensuring the entire ecosystem — including external teams and partners — have full visibility and control over the entire lifecycle of critical projects and relationships.
Apttus Contract Lifecycle Management (CLM) for Pharmaceuticals
Administration and Drafting
Draft and manage contracts on your own paper — or third-party paper — more effectively with automated, dynamic templates and playbooks.
Drive speed and accuracy across the entire contract generation process with self-service portals that enable controlled — yet timely — contract creation.
Speed the negotiation process with intelligent clause recommendations, automatic redlining in Microsoft Word, price checks, and intelligent proposal and tender management
Approval and Signature
Empowered with compliance. Help teams run faster and close deals from anywhere with intelligent approvals and workflows and integration to e-Signature. Improve collaboration through Microsoft Word, CRM, Slack, mobile, and Google, while maintaining compliance with a central, secure repository.
Manage contract obligations, pricing eligibility, rebates, and budgets throughout the duration of the contract lifecycle. Advanced search and a centralized repository makes it easy to find agreements for audits, amendments, or disputes.
Reporting and Compliance
Keep track of renewals and amendments with alerts and notifications. Manage performance, and keep Sales, Finance, and Legal abreast of total spend, risks, renewals, and amendments.
Improve Contract Compliance and Eliminate Contract Disputes
• Drive operational efficiency across the entire contract life cycle
• Support sales, procurement, and clinical teams in bids, tenders, and contracts
Improve Compliance and Visibility Across Multiple Stakeholders
• Link contract obligations to R&D project milestones
• Standardize preferred terms and clauses
• Minimize delays and adhere to trial timelines
Optimize Productivity, Reduce Costs, and Improve Visibility Into Procurement Lifecycle
• Streamline the supplier pre-qualification and onboarding process
• Reduce supplier selection time for complex RFPs
• Drive vendor compliance and optimize costs across your supply chain
Accelerate Contract Lifecycles and Keep Your Sales Teams Ahead Of The Competition
• Accelerate contract cycle times
• Minimize unapproved discounting and deal terms
• Enforce contract compliance with Distributors, GPOs, hospitals, and customers