White Paper

Contract Life-Cycle Management for Life Sciences - SAP White Paper

Source: SAP Americas

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Contract Life-Cycle Management for Life Sciences

In the expanding, dynamic, and price-driven life sciences ecosystem, it's estimated that over 80% of sales are distributed through indirect channels and purchased through contracts between manufacturers and contract organizations. Contract management complexity abounds as in perhaps no other industry. Consequently, increasing the productivity and transparency of the contract management continuum is paramount to achieving competitive advantage and shareholder value.

Yet the contract management continuum in most life sciences companies is typically neither productive nor transparent. Instead, complexity continues to spiral out of control, largely because of marketing innovation in the life sciences field.

Leading global companies must begin to assess better ways to manage their contract management systems and processes. To continue to be successful, they must realize the need for an integrated, synchronized, enterprise-wide contract life-cycle management process this is simple, manageable, and predictable.

Life science companies that can move the right products at the right prices, on the right terms and conditions, are the ones that will thrive. Read on to discover how your business can streamline business processes and manage workflow so that decision making based on real-time information becomes part of your everyday business activities.

Submitted by SAP Americas.

Click Here To Download:
Contract Life-Cycle Management for Life Sciences