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Covance Teams With BPI With Its Differentiated Managed Markets Offering

September 03, 2012

After intensive due-diligence by Covance and Deloitte executives, Covance has decided to team with BPI and use all BPI Revenue Management (BPI RM) and GTN Revenue Recognition (BPI GTN R2) product modules as a key cornerstone for its new Managed Marketing Offering. This due-diligence focused on BPI's RM and GTN R2 products providing end-to-end differentiation from other offerings within the industry. Leading Covance's new Offering, is Steven Medina, Vice President, Managed Markets Services. When asked "Why BPI?” Steve responded "There are two main reasons why I am pleased to partner with BPI. The first is they take pride in their products and are open in making timely improvements where possible. The other is with BPI’s multitenant capability within both their Revenue Management and Gross-To-Net Revenue Recognition solutions enable me to control my cost and pass the savings onto my clients.” BPI's President, Richard Burcham, added "BPI's new partnership with Covance is one of the biggest shining stars in BPI's successful history. Being selected after an intensive, competitive evaluation proves that BPI leads all others with proven revenue management and GTN revenue recognition solutions."

Read more: Covance Teams With BPI With Its Differentiated Managed Markets Offering

BPI Leads the Industry's Charge on Gross-to-Net (GTN)

November 04, 2011

After three years of co-development with a leading life science company and one full year since going live, BPI's GTN Revenue Recognition (BPI GTN R2) product is the only solution of its kind.  This product fills a mission critical need of the industry to manage, forecast, accrue and true-up unlimited sales deductions from gross to net pricing . BPI will be participating at CBI's Gross-To-Net Summit in Philadelphia, November 16th, presenting the results of an initial Gross-To-Net Industry Survey along with the results of its GTN implementation with a major life science global company.  At this event, BPI will announce the founding of a Gross-To-Net (GTN) Industry Group chartered to advance best GTN practices.

Read more: BPI Leads the Industry's Charge on Gross-to-Net (GTN)

BPI Announces the GA Release of It's Proven Proprietary "Layered Technology" Architecture for Both BPI Gross-To-Net Revenue Recognition (BPI R2) and BPI Revenue (BPI Revenue Managementâ„¢) Solution Suites

May 03, 2010

Dallas, Texas - May 3, 2010 - After 18 months of field testing its new technology at several customer implementations, BPI has issued its GA release of its Proven Proprietary "Layered Technology" Architecture.  The primary benefits to this architecture include its multi-tenancy capabilities, its high degree of configurability, and its power processing capabilities.  BPI provides the only Revenue solutions with a multi-tenancy architecture allowing customers with multiple business units and legal entities to cover the specifics of each business under one single instance, instead of multiple instances which is costly adding a high degree of cost to TCO.  This same key technology attribute allows third party service providers such as AmerisourceBergen / ICS and IMS Services to provide cost-effective services applying one single secure instance to cover all of their service clients;  Of significant importance to BPI customers is the fact that this proven architecture provides the capability for BPI customers to use BPI solutions in any of the four business models --- Enterprise, Hosted, Third Party Services, and Cloud.  Sujit Shekhar, BPI's VP Technology stated "BPI's Proprietary Layered Technology Architecture places BPI and its solutions at least five years ahead of any and all competition.  The business and technical value that our technology brings to customers is excellent."

Read more: BPI Announces the GA Release of It's Proven Proprietary "Layered Technology" Architecture for Both BPI Gross-To-Net Revenue Recognition (BPI R2) and BPI Revenue (BPI Revenue Managementâ„¢) Solution Suites

Press Release

August 03, 2010

BPI Technologies, the leading provider of software Revenue Management (BPI Contracts) and Revenue Recognition (BPI G2N) solutions for the Lifesciences industry, is very pleased to announce the formalization of a joint services offering with IMS Health.  After extensive review of various Lifesciences Revenue Management offerings, IMS selected BPI as its services partner initially focusing on the Chargebacks, Rebates, Member Management, and Government Pricing areas.

Read more: Press Release

BPI Gross-To-Net Revenue Recognition

August 04, 2010

The BPI R2 product is a comprehensive revenue planning and management solution; it includes forecasting as well as stable revenue management through constant attention to accruals versus actuals --- rather than true up journal entries that are unpredictable in amount if they are left until the end of a month / quarter / year.  Major functions within the product include forecasting, accrual management, gross-to-net, and true ups.  Business benefits include better GTN revenue recognition, ASP stabilization, and improved revenue forecasting and planning.

Read more: BPI Gross-To-Net Revenue Recognition
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