Vistex Inc software

Gain control of your billback programs and increase profitability. Whether you call it ship and debit, billbacks, chargebacks or rebates, millions of dollars are lost annually in claims processing due to inaccurate accrual processes and claim validations for manufacturing billbacks. One of the toughest challenges manufacturers face is managing complex special pricing programs. Critical information on direct and indirect sales, financial accruals and pending claims are difficult to centralize and collect, and are frequently incomplete.

Track channel activity: sales, returns, and in-transit shipments. Lack of visibility into inventory on-hand, potential stock-outs and current partner claims can leave businesses exposed. Fraudulent claims and error-prone manual processes can lead reduced gross margin.  With 5%-20% of revenue typically tied to claims, businesses need a better means to manage inventory, associated claims, and rebates for/from manufacturers and channel partners.

Adapt quickly and easily to ever-changing regulations. With government becoming the largest aggregate purchaser of healthcare products and services, it’s critical for life science companies to meet government’s stringent price, reporting, contracting and rebate requirements. To avoid problems and penalties, organizations must have a fully compliant set of tools that are process integrated and flexible to adapt quickly and easily to changing regulations.