Life Science companies use Mendix when they are unable to satisfy rigid compliance requirements using lengthy and expensive custom development methods or inflexible, cumbersome off-the-shelf software. Within two to four weeks, we’ll have your custom aggregate spend solution up and running thanks to the speed and flexibility of the Mendix App Platform.
It’s a time consuming, inefficient and error prone process to run these reports based on exports from expenditure systems. Fines for incorrect reporting are as high as $10,000 per transaction, and an automated solution needs to be today. Even now, the government is changing the reporting guidelines for the Sunshine Act. As requirements continue to change, you’ll need an adaptable solution that can be easily modified with minimal additional investment.
Custom Mendix HCP Aggregate Spend Solutions enable you to comply with the Sunshine Act with:
• Minimal resources required
• No or limited IT involvement
• No changes to corporate expenditure processes or policies
Your custom HCP Aggregate Spend Solution can easily pull data from multiple underlying data sources such as Concur, SAP, and Syteline. On average, these solutions take 2 to 4 weeks to build – that’s 5 to 10 times faster than traditional development platforms. Most importantly, you’ll spend as little time as possible complying with the Sunshine Act – rather than adjusting your processes to a standard reporting solution or manually processing these reports, you will manage the entire automated process without needing to make any changes.
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2. In this presentation, you’ll learn:
2
Why Life Science Companies Work With Mendix
Sunshine Act Compliance Challenges & Needs
About our Fast, Flexible Compliance Solution
3. The Mendix App Platform
Mendix is the app platform company for the
enterprise
The fastest and easiest way for companies to
create multi-device enterprise applications
Using visual models that allow developers to
focus on business functionality
Producing results in days instead of months
Facts & Figures
Founded in 2006
150 Employees
US, SA, NL, UK Offices
Global customer base
Recognized by:
Customers in all industries
Product Features
Model-Driven Dev.
1-Click Deployment
Social Collaboration
Multi-Channel, Multi-Device
Centralized App Governance
Enterprise Integration
4. Why Companies Work With Mendix
4
SPEED
The ability to react to changes in their business quickly
AGILITY
Flexibility to leverage data from multiple source systems
CONTROL
Increase personal control & minimize risk of project failure
5. The Law
Physician Spend Sunshine Law
Provide transparency with regard to who, in the life sciences industry, is
contributing what benefits to which physician
Mandatory reporting with complex guidelines
Schedule to Comply
Collection & validation of data as of January 1st, 2012
Full reporting of 2012 data required as of March 2013
Reporting guidelines likely to change
6. The Challenge
Our Life Science customers told us about their
compliance challenges:
Time consuming and error prone manual process
Urgent need for data collection/validation as of January 1st, 2012
Data to be pulled and processed from ultiple systems
(e.g. expense management & ERP)
Project failure results in high costs (fines up to $10k per transaction)
Requires for reporting will continue to change
Result: a high-risk and urgent compliance challenge
7. The Solution
We listened, and developed this solution:
Automated HCP Aggregate Spend Report Template (available in the Mendix
App Store)
Fast delivery (2-4 weeks) with no risk of project failure
Integrated with existing expense management and ERP systems
Fully customizable template to optimize efficiency with zero or minimum
(IT) involvement needed
Agile solution prepared for changing compliance requirements
Result: Fast, flexible, & long-term compliance