PARIS--(BUSINESS WIRE)--Cegedim Relationship Management today announced the availability of the latest release of its global aggregate spend and transparency compliance solution, AggregateSpend360™. This new release enables life sciences companies in Europe and the US to meet the most current disclosure obligations imposed by the European Federation of Pharmaceutical Industries and Associations (EFPIA) and the US Centers for Medicare and Medicaid Services (CMS).
Keeping Up with Rapidly Changing CMS and EFPIA Disclosure Requirements
The latest version of AggregateSpend360 provides extensive capability and flexibility to ensure that manufacturers submit reports based on CMS and EFPIA guidelines while adhering to their individual corporate practices. Life sciences companies in the US can utilize AggregateSpend360 to meet the latest CMS requirements, including the March 31, 2015 deadline for 2014 data submissions. It provides functions to comply with CMS validated physician and teaching hospital lists and re-submission requirements; and provides tools to validate submission reports against CMS rules, special characters and error checking. And for life sciences companies in Europe, the latest version enables efficient payment data collection and consent management as required by EFPIA starting on January 1, 2015.
“In the last few months, we have observed a significant acceleration in the global demand for transparency reporting solutions due to the implementation of the EFPIA code,” stated Dario Ghoddousi, Senior Vice President, Global Transparency and Master Data Management Solutions for Cegedim. “AggregateSpend360 has been selected by several new customers, confirming our leadership position, and pushing us to accelerate the development of the global functionalities that the market expects from us.”
“Cegedim continues to be the leader in global transparency and disclosure solutions by being in the forefront of a rapidly evolving global environment,” stated Don Soong, Vice President of Strategic Solutions for Cegedim Relationship Management. “The latest evolution in AggregateSpend360 not only enables life sciences companies around the world to meet their reporting requirements, but also provides the capability for manufacturers to easily create and verify the accuracy of reports.”
AggregateSpend360, which is being leveraged by more than 60 Life Sciences companies around the world, is an out-of-the-box, cloud-based solution that streamlines the tracking and reporting of expenditures per global, national and local disclosure and transparency requirements – by collecting expenditure transactions, linking them to a single customer view, and automatically generating reports to satisfy unique compliance requirements through prebuilt templates according to each transparency regulation. AggregateSpend360 is pre-integrated with Cegedim’s Compliance ID powered by OneKey, Mobile Intelligence and Nucleus360 solutions. Integration is also available with a wide range of enterprise applications for CRM/SFA, ERP, Finance and HR.
To learn more about AggregateSpend360, please visit the Cegedim website.
About Cegedim Relationship Management:
Cegedim Relationship Management is the Life Sciences industry’s leading provider of Customer Relationship Management (CRM) solutions. Designed specifically for Life Sciences, the company’s innovative business solutions incorporate a thorough understanding of local, regional and worldwide trends. Cegedim Relationship Management enables approximately 200,000 users in many of the world’s most innovative companies to stay ahead of market challenges. In addition to CRM, Cegedim Relationship Management also provides marketing, data optimization and regulatory compliance solutions in more than 80 countries. Cegedim Relationship Management is part of the France-based Cegedim S.A. Group.
Founded in 1969, Cegedim is a global technology and services company specializing in the healthcare field. Cegedim supplies services, technological tools, specialized software, data flow management services and databases. Its offerings are targeted notably at healthcare industries, life sciences companies, healthcare professionals and insurance companies. The world leader in life sciences CRM, Cegedim is also one of the leading suppliers of strategic healthcare industry data. Cegedim employs almost 8,000 people in more than 80 countries and generated revenue of €912 million in 2014. Cegedim SA is listed in Paris (EURONEXT: CGM).