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I-many, Inc., a leading provider of contract management software and services for the enterprise, has announced version 6.0 of its I-many Contract Management Suite for Life Sciences. The latest release of this industry-leading contract management suite uniquely addresses the complete contract management lifecycle for life sciences companies with integrated applications for contract management and authoring, business intelligence and Medicaid analytics and rebates, prescription level data validation, and government pricing in one integrated product suite. Version 6.0 enables life sciences companies to effectively manage the full spectrum of complex managed care, Medicare Part D, Medicaid, institutional and chargeback agreements.

I-many's vision for contracting provides for entry of a contract or amendment into the system once – our tight integration allows for data to be shared across all applications. The integration of contract authoring with adjudication uniquely positions customers to realize greater return on investment by allowing for implementation of enhanced and streamlined contracting processes. True return on investment ultimately extends to optimizing decisions about commercial contracting based upon the impact of government compliance and overall contracting strategy. Version 6.0 is an important milestone in realizing this vision.

Version 6.0 brings other important new capabilities to the market. Pharmaceutical companies will now benefit from advanced features for importing and maintaining membership rosters, setting up and calculating complex rebate scenarios, and utilizing advanced workflow. The I-many Government Pricing application sets new standards for power and flexibility with the introduction of our new metric builder, which allows authorized users to easily and rapidly make necessary changes resulting from regulatory change.

I-many Contract Management Suite for Life Sciences leverages the I-many Enterprise Contract Management Framework (ECMF). I-many is the first company to deliver a broad integrated contracting platform for life sciences on an industry-standard architecture. The I-many ECMF architecture demonstrates strong commitment to standards, enables the reuse of key software components, provides powerful extensibility and allows scalability to meet the needs of large life sciences companies.

"I-many is the first vendor to offer a broad array of contract management capabilities on a standard platform," said Lawrence Lindsey, executive vice president of product operations at I-many. "From our J2EE stack to our unwavering support for industry standard application servers, I-many ECMF supports those key corporate standards to which our customers are already committed."

As the industry's most comprehensive solution, the I-many Contract Management Suite for Life Sciences manages hundreds of billions of dollars in corporate contracts, revenue and pricing agreements for life sciences companies. This solution directly addresses the challenges faced by life sciences companies as they navigate the complex regulatory environment.

"Life sciences companies are increasingly having to deal with complex contracts and expanding regulatory requirements," said David Blumberg, executive vice president of fulfillment services at I-many. "Therefore, it is more and more critical for life sciences companies to have seamless contracting practices in place in order to make key processes more accurate. All of these must be tied together – the impact of commercial contracting against government regulation must ultimately happen early in the contracting life cycle. This creates an imperative for contract analytics, comprehensive reporting and robust, highly flexible government pricing tools. I-many continues to raise the bar for contract management by offering customers these new powerful capabilities."

John A. Rade, president and CEO at I-many said, "The successful rollout of our next-generation I-many Contract Management Suite for Life Sciences in 2007 was greeted with tremendous demand, as more than 25 of our life sciences customers committed to the new platform. Version 6.0 enables us to move faster to satisfy the needs of life sciences companies. We now offer even more capabilities to our customers, providing them with the most seamless contract management process available that ensures compliance and effectively grows their business."

About I-many
I-many is the leading provider of contract management software and services for the enterprise. With hundreds of companies across 21 industries worldwide, I-many is enabling businesses to manage the entire contract life cycle, from pre-contract processes and contract management to active compliance and contract optimization. The result is an end-to-end solution that provides greater levels of insight into contract performance, allowing companies to improve profitability and achieve a measurable return on investment. For more information, please visit www.imany.com.

SOURCE: I-many