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global tender management

With 85% of medtech and 25% of pharma revenue derived from tenders, the tendering and bidding process is critical to doing business internationally

medtech
  • The lack of proactive tender management could result in being locked out of a market for 12 to 35 months.
  • Governments and payers increasingly use tenders to lower costs, sometimes to more than 50% below list price.
  • Manual processes and disconnected spreadsheet-based tools result in inaccurate projections and hamper efforts to craft competitive tender offers.
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medtech
mountain-range

The benefits of Model N’s Global Tender Management solution

Global Tender Management helps maximize revenues by optimizing bids and streamlining processes, aligning local and global resources, and taking a data-based approach to tendering.

increased-sales

Increased sales

Quickly identify and determine if you qualify for public tenders, so you can prioritize efforts toward the most critical opportunities.

reduced risk

Reduced risk

Improve collaboration among global teams and centralize documentation gathering to decrease the likelihood of noncompliance, disqualification, or penalties.

better visibility

Better visibility

Optimize 100% of global opportunities and the ability to proactively create winning strategies.

growth

Improved margins

Leverage insights into past performance and competitive information-based simulations to improve future submissions.

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An end-to-end cloud-based solution for managing tenders

Model N Global Tender Management addresses all key stages in the tender-to-contract process.

Global reach

Enables teams to configure the platform to match their local processes, while retaining global visibility into all tendering aspects.

Templates and tasks

Streamline preparation and approval processes by providing clear workflows, assigning tasks, centralizing information, and tracking progress.

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Smart approvals

Reduce unnecessary re-approval steps when new tenders reuse data from existing ones by putting only new data into the approval process.

Simulated scoring and weighted pricing

Arrive at the most profitable offer by shaping bids using criteria based on the most economically advantageous tender (MEAT) and competitive data.

Tracking and analysis

Track tenders as they progress to contract. Capture and analyze information to improve future submissions or properly fulfill the awarded tender.

Model N's unique approach to optimize and protect revenue throughout the commercialization process

commercialization

Model N Global Tender Management is a core component of Model N’s Global Pricing suite for pharma and medtech manufacturers.

  • Integrate global pricing workflow into revenue management.
  • Increase process efficiency from contract to execution.
  • Adhere to complex pricing regulations.
commercialization
cloud

Know and Grow Your True Top Line

Enabling our Customers to Deliver Life-Changing Products to the World

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