Having gone live on January 1st, 2011 with BPI's GTN R2 product, Novartis-Alcon is now entering its 36th month of valuable business return.  In the meantime, another global lifescience manufacture has been working with BPI to enhance BPI's initial GTN offering to include extensive forecasting capabilities, pricing 'what-if' capabilities, AdHoc reporting, and numerous other major enhancements to make BPI the only proven GTN automation product provider.  With its GTN best practice industry group and alliances, BPI's GTN end-to-end product provides its customers with GTN best practice functionality including extensive workflow capabilities that reduce regulatory risk and financial close accuracy and time.

Like the majority of major global medical device manufactures who have legacy contract management and revenue management systems that require extensive support and maintenance. one major company has selected BPI to provide out-of-the-box revenue management functionality with its BPI RM product.  Capabilities will include contract generation and management, chargeback adjudication, GPO and member management, commercial rebate management, and workflow and compliance.

Having gone live on January 1st, 2011 with BPI's GTN R2 product, Novartis-Alcon has reported that, after 2-1/2 years of usage, the BPI GTN automation solution is more than meeting expectations. The BPI GTN automation solution was co-developed with that assistance of Alcon GTN subject matter experts and addresses many of the inefficiencies associated with disparate data sources and manual business processes providing the entire organization a single point solution for accessing critical business data for GTN activities. The primary focus was to greatly improve functional capabilities for the Accounting and Finance groups related to establishing accurate accrual rates and streamlining the reserve adjustment process during close processes. Additionally, “True-Up” and reconciliation processes for GTN deductions have been automated by identifying variances between accruals and payments at the product, customer, deduction and time period. By effectively managing various levels of detail associated accrual and payment information, the BPI R2 product has provided the flexibility to manage the adjustment and reconciliation process differently across each book of business and/or deduction type that aligns to the organization’s gross to net process. Key benefits include:

1)Enhanced data integrity, usability, integration & normalization processes, 2)Accrual rate best fit modeling driving to accurate net pricing and average sales price at point of sale,

3)Real time adjustments to accruals integration with Financial systems with validation processes to ensure both systems are in sync,