I-many Releases New Versions of the I-many Contract Management and Demand Management Software Suites for Life Sciences

Business Wire,  June 18, 2008  

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Version 6.1 Enables Enterprise-Wide Control over the Entire Contract Management Lifecycle

EDISON, N.J. -- At a major customer event in Philadelphia today, I-many Inc. (NASDAQ:IMNY) announced Version 6.1 of both its I-many Contract Management Suite for Life Sciences[TM] and the I-many Demand Management Suite for Life Sciences[TM].

The latest release of I-many's industry-leading contract management suite addresses the complete contract management lifecycle for life sciences companies, from authoring and negotiation to rebate and chargeback transaction management to contract renewal and analysis. The recent acquisition of Edge Dynamics and its Demand Management Suite brings new trade and channel management capability to the product line.

"Never before has there been a more comprehensive and complete solution for life science companies," said John A. Rade, president and CEO at I-many." These new releases demonstrate our industry leadership and our commitment to provide customers with the latest technology as well as new ways to make their organizations run more efficiently."

Said Rade: "Now for the first time, our customers can track the contract and its terms, the money from contract to cash, and the product from the times it leaves the manufacturing facility to the time it is dispensed. We are the first and only company able to offer this level of total commerce management out-of-the-box to our customers."

The I-many Contract Management Suite for Life Sciences 6.1 enables life sciences companies to more effectively manage the full spectrum of complex managed care, Medicare Part D, Medicaid, institutional and chargeback agreements. I-many Demand Management Suite for Life Sciences 6.1 uses a Web 2.0 drag-and-drop dashboard and intuitive, interactive reporting to put timely information in the hands of a larger number of enterprise users, providing next-day data on product sales activity to commercial operations including the sales, marketing and finance departments.

The contract management suite comprehensively addresses the contract lifecycle. It delivers flexibility, configurability and responsiveness for the life sciences enterprise and provides the power of contract analytics to unlock hidden value and gain strategic advantage within life sciences organizations. Version 6.1 can improve ROI for life sciences companies by reducing revenue leakage due to a single, centralized process for contract and rebate setup. This includes maintenance of membership and eligibility, chargeback dispute resolution, and chargeback and rebate processing. The new version can also improve compliance and enable faster contract cycle times through the integration of the contract authoring and compliance systems.

The I-many Demand Management Suite for Life Sciences provides unprecedented line-item-level visibility and control over channel inventory and product movement. Its unique business policy engine gives users the ability to automate the management of orders in compliance with inventory policies, including alerts that identify anomalies, and enables users to focus on the order exceptions. The demand management suite delivers next-day insight into channel activity, giving business users information about their product sales as well as the tools to optimize sales and marketing performance. Business users can now monitor new product introductions, sales programs and marketing campaigns real-time and react to shifts in demand faster than ever before.

"With life sciences companies facing complex contracting and regulatory requirements, they are constantly looking for ways to streamline contracting operations and improve net margins," said Michael Zuckerman, senior vice president of marketing at I-many. "I-many is the only company able to provide a completely integrated software suite and an invaluable solution that adds strategic value and competitive advantage for life sciences companies. I-many uniquely provides enterprise visibility into contract terms, the flow of money and the movement of product."

I-many Contract Management Suite for Life Sciences 6.1 includes the following new applications:

* I-many Chargeback Verification - Extends I-many CARS([R]) to verify chargebacks against channel 867 data to reduce revenue leakage and improve compliance. Industry-first transaction-matching capability identifies missing negative chargebacks and missing sales.

* I-many Fee-for-Service Management - Brings the significant revenue spend of distribution service agreements into enterprise contract management for increased compliance and efficiency. With this application, customers can manage numerous agreements, track performance against contract metrics and calculate payments.

* Improved Contract Analytics and Business Intelligence - I-many CARS BI[TM], an advanced business intelligence reporting tool compatible with I-many CARS NG, now includes the I-many Data Mart, a new database schema to support enhanced multidimensional analysis and reporting for I-many CARS NG. It provides access to more complex operational and management reports, important analysis, ad hoc queries and rich data visualizations across I-many CARS NG.