Model N Launches Digital Reinvention Lab
RainmakerDX to accelerate rapid prototyping and next-generation technology ideas
San Mateo, California – May 1, 2018 – Model N, Inc. (NYSE: MODN), the leading provider of revenue management cloud solutions for the pharmaceutical, medical device, high tech, manufacturing and semiconductor industries today announces RainmakerDX. This new initiative provides the forum and incubation for breakthrough innovations that are part of digital reinvention strategies.
Only 8 percent of companies believe their business models will remain viable through digitization, prompting companies to redefine where and how to compete. RainmakerDX is a forum for Model N to work on industry-changing initiatives in collaboration with customers and partners. Through rapid experimentation and prototyping, RainmakerDX allows Model N and its customers to jointly explore bold digital reinvention strategies and formulate innovations that deliver significant impact for customers, partners, and the industry at large.
“Digital Reinvention is no longer a ‘nice to have;’ it is an imperative for most companies,” said Neeraj Gokhale, SVP and Chief Product Officer of Model N. “This reinvent-or-perish reality is the impetus for our RainmakerDX initiative. It’s where we dare to imagine and deliver upon bold, industry-shaping ideas, working closely with our customers and industry visionaries. In the RainmakerDX innovation lab we experiment with emerging technologies, such as blockchain and AI, and deliver groundbreaking solutions.”
Transformative ideas will be turned into projects in the RainmakerDX innovation lab and will deliver visible results in three to six months. Projects will be sponsored by executives at Model N, our customers, and partners. We invite employees, customers and partners to submit their innovative ideas to the RainmakerDX steering committee.
Model N has a number of goals for its Rainmaker DX innovation lab:
- Industry-level impact enabling digital reinvention
- Close collaboration with customers, partners and technology leaders
- Breakthrough innovation achieved through rapid prototyping and experimentation with disruptive ideas
- Realizing the full potential of emerging technology trends
- Delivering quick results in an agile environment
Learn more about the Rainmaker DX innovation lab here.
About Model N
Model N is the leader in revenue management solutions. Driving mission-critical business processes such as configure, price and quote (CPQ), contract and rebate management, business intelligence, and regulatory compliance, Model N solutions transform the revenue lifecycle from a series of disjointed operations into a strategic end-to-end process. With deep industry expertise, Model N supports the complex business needs of the world’s leading brands in pharmaceutical, medical device, high tech, manufacturing and semiconductors across more than 120 countries, including Pfizer (NYSE: PFE), AstraZeneca (NYSE: AZN), Sanofi (NYSE: SNY), Gilead (NASDAQ: GILD), Abbott (NYSE: ABT), Stryker (NYSE: SYK), AMD (NASDAQ: AMD), Micron (NASDAQ: MU), Seagate (NASDAQ: STX), STMicroelectronics (NYSE: STM), NXP (NASDAQ: NXPI), Sesotec, and Southern States. For more information, visit modeln.com. Model N® is the registered trademark of Model N, Inc. Any other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
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