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Alliance Life Sciences Issues White Paper Advocating Streamlined Contract Management Processes to Meet Compliance Challenges

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Joelle Caputa; jcaputa@cpronline.com
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Alliance Life Sciences Issues White Paper Advocating Streamlined Contract Management Processes to Meet Compliance Challenges

SOMERSET, N.J. – June 12, 2012– Alliance Life Sciences Consulting Group (ALSCG), a leading management and technology consultancy, announces today the release of its White Paper, “Wringing Out the Dollars from Your Contracting Process.” Co-authored by ALSCG professionals Laszlo Fabriczi, vice president of Contracting and Pricing Solutions, and Monica Rodriguez, consultant, the document explores the value of streamlining the contract management process to meet compliance requirements, mitigate risk and drive optimal business performance. The paper is available for download at: https://www.alscg.com/company/events/contractingprocess
In conjunction with the white paper, ALSCG’s senior vice president of Contracting and Pricing Solutions, Jim Burke, and vice president of Contacting and Pricing Solutions, Gaurav Suri will host a workshop entitled, “Optimize Contract Management for Rebates, Customer/Pricing Data and Chargebacks,” on ways to strengthen contract management solutions and business processes, during CBI’s 8th Annual Commercial Contracts and Chargeback Management conference, June 19-20, 2012, in Philadelphia, Pa.

“For the life science industry, contract management has become an integral part of business operations and is critical to business development and financial management,” says Burke. “This approach is essential for building an organization’s corporate strategy and ultimate vision, and serves as a clear competitive advantage.”

ALSCG points out that 60 to 80 percent of all business transactions are governed by contracts or agreements. Organizations should implement a streamlined process to avoid litigation costs, violations and fees, with contract management serving as a strategy for risk management, quality control and compliance.
“The paper explores how life sciences organizations can ensure continuous improvement of the associated processes to succeed in the marketplace,” adds Burke. “By establishing priorities and implementing a continuous improvement program that incorporates sophisticated data analytics, companies will enhance their performance and establish market differentiation.”

Formed in 1994 and headquartered in Somerset, N.J., Alliance Life Sciences Consulting Group employs more than 175 professionals who collectively understand the business challenges of the Life Sciences industry and offer solutions for Sales & Marketing, Managed Care & Government Contracting, Commercial Operations, Information Management and Analytics. ALSCG has experience with seven of the top 10 largest pharmaceutical manufacturers as well as middle market and emerging Life Sciences firms. Contact: 866-581-4850 www.alscg.com

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