SpendMate

SpendMate is a comprehensive platform designed to streamline global compliance transparency reporting and spend analytics. It simplifies the processes of data aggregation, validation, matching, and disclosure across a variety of regulatory frameworks, including U.S. Open Payments, EFPIA Disclosure Code, MedTech Europe, Loi Bertrand, and emerging regulations in LATAM and APAC regions.

The platform consolidates spending data from multiple sources such as finance, CRM, events, and third-party systems into a centralized environment. It features configurable validation rules, automated fair market value (FMV) checks, and audit-ready mapping, enhancing reporting accuracy and reducing manual intervention. SpendMate supports both local and global teams, providing insights into healthcare professional (HCP) and healthcare organization (HCO) spending patterns to promote proactive compliance and financial accountability.

Global Support

SpendMate is capable of generating country-specific transparency reports, including those required by EFPIA, European Local Laws, U.S. Centers for Medicare & Medicaid Services (CMS), Patient Organization (PO) reports, and reports for countries such as Brazil, France, Australia, Mexico, and Colombia.

Key Benefits

• Simplified Reporting Process: The platform offers flexibility and scalability to meet compliance demands, featuring a user-friendly interface driven by a configurable business logic engine. Users can modify attributes and business rules without affecting legacy data.
• Automatic Data Matching: SpendMate integrates with Veeva Open Data and other third-party vendors to maintain customer reference data, automatically matching customer profiles using unique identifiers like NPI numbers.
• Reporting Capabilities: Users can generate reports in various currencies and access them within the application. The platform includes an extensive audit trail, archiving details of report generation, including who generated the report, when, and the input parameters used.

Additionally, Cresen provides a quarterly Transparency Digest, offering a comprehensive report on global regulations to assist clients in staying informed about compliance requirements.