1. Watch our video:
See how KPMG Pharma Commercial Contracting Automation can transform your contract management process and help gain efficiency, cost savings, and grow your business.
Coming soon!
KPMG Pharma Commercial Contracting Automation (CCA)
Transform your contract management process and gain efficiency
Share
1
KPMG Pharma Commercial Contracting Automation (CCA) can help
The KPMG Pharma Commercial Contracting Automation (CCA) accelerator is an AI-enabled solution designed to streamline the entire pharmaceutical contract lifecycle. It simplifies third-party management, enhances collaboration, and drives efficiency through automated workflows and data-driven insights.
- CCA features six integrated modules.
- Strategy & Pricing Committee for managing meeting submissions and decisions.
- Contracting for tracking agreements across channels.
- Financial Management for real-time dashboards and budget planning.
- Audits for milestone tracking and remediation.
- Disputes for handling financial disputes and escalations.
- and Customer Insights for a unified view of suppliers and customers.
- Together, these modules deliver a comprehensive, intelligent platform for commercial contracting.
2
Potential benefits of KPMG Pharma Commercial Contracting Automation (CCA)
- Faster time to market for new products. Streamlined contracting processes reduce the time it takes to negotiate and finalize agreements, accelerating speed to market and revenue generation.
- Unlocks the power of contract data. Imagine reducing contract data extraction time by over 99%. What used to take 10 hours per contract now takes under a minute. This unlocks valuable time and resources, enabling your team to focus on analysis and strategic decision-making rather than tedious manual tasks.
- Improved contract visibility and control. Gain a centralized view of all contracts across the organization, improving oversight and control. Easily track key milestones, obligations, and performance metrics.
- Data-driven insights for strategic decision-making. Leverage AI-powered analytics to identify trends, optimize pricing strategies, and maximize profitability. Make informed decisions based on real-time data, not outdated spreadsheets.
- Reduced contract management costs. Automate manual processes and reduce administrative overhead, freeing up valuable resources and lowering operational costs. Contract volume can increase, which helps you grow your business without adding additional headcount.
- Proactive risk management. Improve compliance and mitigate risks associated with contract breaches, regulatory violations, and financial disputes.
Streamline your approach to commercial contracting
2. Read about the benefits:
At KPMG, we help pharmaceutical companies transform how they manage commercial contracts, from strategy and pricing to audits, disputes, and financial management on a single, centralized platform. We eliminate manual processes and fragmented data by automating workflows, enabling real-time insights, and unlocking valuable contract data for strategic decision-making. Our accelerator empowers teams to reduce cycle times, improve compliance, and gain full visibility into contract performance and obligations. What sets us apart is our deep understanding of pharmaceutical contracting complexities and our commitment to delivering tailored, scalable solutions. We don’t just implement technology; we partner with our clients to drive lasting transformation and operational efficiency in a rapidly evolving industry.
3. See the advanced outcomes:
Both the contracting and financial planning processes of a global life science company were inefficient and fragmented. There was no centralized third-party audit management system. Finally, its dispute resolution process lacked formal tracking, which created visibility problems. KPMG helped streamline processes and automate workflows, creating significant time and cost savings. The centralized system heightened visibility over all its individual systems, creating real-time tracking and reporting, which ultimately generated smarter, data-driven insights.
4. Request a demo:
Start the conversation today!
Explore more
Meet our team
Evan Bartell
Partner, Risk and Compliance, KPMG US
Racheal A Vicari
Directory Advisory, Tech Enablement
Evan Bartell
Partner, Risk and Compliance, KPMG US
Racheal A Vicari
Directory Advisory, Tech Enablement