Contract Authoring

Enabling Cross-Sell Opportunities Across Business and Product Lines

As pharmaceutical companies seek to create valuable cross-sell capabilities across their business and product lines, artificial contracting restraints have often inhibited complex product and price combinations such as procedure-based pricing or drug packages. Furthermore, constantly changing competitive and customer dynamics often produce a flood of contract amendments that can rapidly obscure effective responses by manufacturers. In order to maximize revenue and market share in an increasingly competitive business environment, pharmaceutical organizations require fast, flexible, collaborative contract authoring capabilities that cut contract cycle times, boost productivity, and enhance compliance to established pricing and legal guidelines.

Model N Contract Authoring

Model N Contract Authoring is a highly collaborative solution for creating and managing agreements that delivers enhanced capabilities for building customer and deal-specific pricing strategies. Key contract data and terms are automatically synchronized with downstream Model N applications, ensuring seamless integration of transactional, legal, and financial information in the revenue life cycle, from contract management and compliance to rebate management and regulatory reporting. This seamless approach ensures that customers accurately capture contract terms and consistently track milestones and compliance measurements, while streamlining all aspects of the contract life cycle, including offer development and approvals as well as contract execution, amendment, and renewal management.

Ensuring Speedy Execution while Maintaining Control and Visibility

Model N Contract Authoring allows customers to leverage advanced contract authoring capabilities that greatly enhance offer development efforts and promote vital cross-functional collaboration in the contract life cycle. Key features include:

• Seamless MS Word integration; drag-and-drop contract template creation using a library of approved language and terms
• Dynamic clause library support for managing legal and contractual terms and conditions
• Highly configurable dynamic workflows with serial and parallel approvals; graphical views of contract approval status
• Third-party contract support with ability to import documents in MS Word, PDF, or via fax and extract and map critical terms and clauses
• Customizable dashboards and notifications based on key events as well as external system updates
  

Contract Authoring at a Glance

Contract Creation Wizard	Quickly create contracts in Model N Contract Authoring based on pre-configured templates or in MS Word by simply dragging and dropping clauses from a library of approved language Dynamic inclusion capabilities automatically required clauses into the contract that are tied together
Comprehensive Clause and Template Library	Searchable, reportable contract repository of clause language used in boilerplates and configurable templates based on different contract types allow users to quickly create contracts that shorten the contract life cycle while ensuring visibility and control
Dynamic Workflow	Rapidly configure the steps required to execute a contract based on their unique business process Rules-based configuration allows users to create serial or parallel approvals with multi-step contract approval tasks at any stage of a workflow Graphical views of contract approval status show where each contract is in the life cycle Key contract data and terms are automatically synchronized with downstream Model N applications
Full Support for Third-Party Contracts	Unparalleled support for third-party paper to quickly and easily map metadata and clauses to provide control no matter where a contract originates Provides support for import, redlining, and approval process for third-party contracts received via fax or email
Rich Reporting and Notifications	System and event-driven notifications provide visibility into key actions such as contract expirations, tasks, approvals, and updates from external systems Further alerts can be triggered based on thresholds in the approval process Configurable dashboards allow users to view key performance indicators such as contract status, open tasks, etc. Sophisticated ad-hoc reporting and one-click report results access provide rich reporting capabilities and a full audit trail throughout the system