Life Sciences

Control the contract variables

Life sciences and healthcare organizations when arranging quotes, contracts and legal agreements frequently experience:

Complex mix of products, distribution channels and tiered pricing

Results in

Unintended mistakes with no standardization of terms

Inability to audit the contract management process

Legal exposure for the company

Complex channel contracts with multi-layered relationships

No visibility of variability of contract terms and the impact across chargebacks, rebates, and relationships

Complex mix of products, distribution channels and tiered pricing

Inability to audit the contract management process

Complex channel contracts with multi-layered relationships

Results in

Unintended mistakes with no standardization of terms

Legal exposure for the company

No visibility of variability of contract terms and the impact across chargebacks, rebates, and relationships

Here’s how Malbek solutions can help

Standardization of Offerings

  • Consistent master data setup with products, channels, and pricing
  • Standard clause library that learns as you close more contracts
  • Identified choking points and recommended improvements as you close contracts

Reduced Legal Exposure

  • Automated flagging of risky clauses
  • Audit every change in the complete contract lifecycle
  • Comparison against historical contracts to grade current contract exposure

Commitment and Milestone Tracking

  • Automated milestone tracking with multi-layered relationships
  • Seamless marriage of invoice data with contract terms
  • Variance and red-flag tracking to reduce revenue leakage