- Industry Solutions
Industry Solutions
From reshaping the quote to cash process, to transforming engagement with channels partners, to achieving excellence in global product launch, Model N enables digital reinvention with industry-specific solutions that maximize revenue.
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International Reference Pricing (IRP), a lack of visibility into different global markets, and siloed systems can make it difficult to optimize and protect your prices globally
- Mispricing and mismanaging prices globally can be costly.
- Price erosion is inevitable with IRP, as 71% of countries rely on it solely for price decision-making.
- Poor product launches and inaccurate market forecasts lead to multi-million-dollar mistakes.
How Model N’s Global Pricing Management solution helps you
Global Pricing Management gives you the power to decrease price erosion and optimize 100% of your product’s global revenue.
Improved margins
Make continuous adjustments to realize better prices throughout your product’s lifecycle.
Increased efficiency
Reduce non-value-adding activities and eliminate the need for expensive consulting services that typically disregard 15% of the global market.
Greater visibility
Access accurate, detailed, and up-to-date pricing, reimbursement, and market access (PRMA) information from a single global repository.
Better decision-making
Utilize built-in analytics and dashboards to design and execute your global market access strategies.
28%
Of a total market access budget is spent on the launch strategy. Ensure accuracy and executability of your global launch plan with the most flexible global launch sequence optimizer.
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Effectively execute pricing strategies with a cloud-based solution
With Global Pricing Management, you can track and govern prices, optimize launch sequences, simulate IRP events, and derive insights.
IRP simulation
Proactively drive pricing policies by monitoring pricing and reimbursement events.
Price and sales forecasting
Improve performance with visibility into internal prices and competitors’ pricing trends.
Price controls
Increase responsiveness by efficiently responding to price change requests.
Global Launch Excellence
Create realistic launch sequences by combining accurate price data, volume forecasts, and optimization algorithms.
Optimize and protect revenue throughout the commercialization process
Model N Global Pricing Management is a core component of Model N’s Global Pricing suite for pharma and medtech manufacturers.
- Integrate global pricing workflow into revenue management.
- Increase process efficiency from contract to execution.
- Adhere to complex pricing regulations.
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