BPI Leads the Industry's Charge on Gross-to-Net (G2N)
November 04, 2011
After three years of co-development with a leading life science company and one full year since going live, BPI's Revenue Recognition (BPI R2) product is the only solution of its kind. This product fills a mission critical need of the industry to manage, forecast, accrue and true-up unlimited sales deductions from gross to net pricing . BPI will be participating at CBI's Gross-to-Net Summit in Philadelphia, November 16th, presenting the results of an initial Gross-to-Net Industry Survey along with the results of its G2N implementation with a major life science global company. At this event, BPI will announce the founding of a Gross-to-Net (G2N) Industry Group chartered to advance best G2N practices.
BPI Announces the GA Release of It's Proven Proprietary "Layered Technology" Architecture for Both BPI Revenue Recognition (BPI R2) and BPI Revenue (BPI Contracts TM) Solution Suites
May 03, 2010
Dallas, Texas - May 3, 2010 - After 18 months of field testing its new technology at several customer implementations, BPI has issued its GA release of its Proven Proprietary "Layered Technology" Architecture. The primary benefits to this architecture include its multi-tenancy capabilities, its high degree of configurability, and its power processing capabilities. BPI provides the only Revenue solutions with a multi-tenancy architecture allowing customers with multiple business units and legal entities to cover the specifics of each business under one single instance, instead of multiple instances which is costly adding a high degree of cost to TCO. This same key technology attribute allows third party service providers such as AmerisourceBergen / ICS and IMS Services to provide cost-effective services applying one single secure instance to cover all of their service clients; Of significant importance to BPI customers is the fact that this proven architecture provides the capability for BPI customers to use BPI solutions in any of the four business models --- Enterprise, Hosted, Third Party Services, and Cloud. Sujit Shekhar, BPI's VP Technology stated "BPI's Proprietary Layered Technology Architecture places BPI and its solutions at least five years ahead of any and all competition. The business and technical value that our technology brings to customers is excellent."
The BPI R2 product is a comprehensive revenue planning and management solution; it includes forecasting as well as stable revenue management through constant attention to accruals versus actuals --- rather than true up journal entries that are unpredictable in amount if they are left until the end of a month / quarter / year. Major functions within the product include forecasting, accrual management, gross-to-net, and true ups. Business benefits include better revenue recognition, ASP stabilization, and improved revenue forecasting and planning.
AmerisourceBergen's ICS services the Contract Management and Chargeback requirements for an undisclosed number of Life science customers using BPI solutions.... replacing iMany.
January 25, 2010
Dallas, Texas - January 25, 2010 - An undisclosed number of Life science companies requiring outsource services covering their Contract Management and Chargeback needs using BPI solutions is working with AmerisourceBergen's ICS group as their valued outsource provider. Previously, ICS had used iMany as their outsource solution provider, but due to iMany's outdated architecture, the iMany solution proved to be a poor financial and technical fit for the ICS service. ICS chose BPI to replace iMany due to BPI's proven proprietary "layered technology" providing ICS's customers with the benefits of multi-tenancy, high configurability, and power processing ICS' Vice President of Finance, Steve McKinnon, stated "BPI enhances our ability to manage and reconcile a vast number of chargebacks and other critical business transactions for our contracts customers". BPI President, Richard Burcham added "BPI's proprietary layered technology is a proven, perfect fit for outsourcing services or in-house enterprise implementations where large volumes of data are being managed and processed, IT services are limited, and a single instance for multiple business units is required." Richard added "that having AmerisourceBergen as a strategic business partner and customer is a key ingredient in BPI's Revenue Management and Recognition strategy."
IMS Managed Markets selects BPI as the Contract Management, Chargeback, Government Pricing, Rebate, and Member Management Engine for its Outsourcing Services.
May 25, 2010
Dallas, Texas - May 25, 2010 - BPI Technologies, the leading provider of software Revenue Management (BPI Contracts) and Revenue Recognition (BPI G2N) solutions for the Lifesciences industry, is very pleased to announce the formalization of a joint services offering with IMS Health. After extensive review of various Lifesciences Revenue Management offerings, IMS selected BPI as its services partner initially focusing on the Chargebacks, Rebates, Member Management, and Government Pricing areas.