Stakeholder Engagement

The stakeholder engagement solution is designed to balance commercial objectives with compliance needs, enabling businesses to plan, engage, and compensate stakeholders effectively. It incorporates embedded rules to ensure that all activities align with company goals while providing data-driven insights to support compliant business growth.

Needs Assessment

Systematically plan and budget for stakeholder activities on an annual or project basis, ensuring alignment with business needs and tracking services provided.

HCP Qualifications

Centralize qualification information in a queryable database to maintain process consistency across departments and programs.

Fair Market Value

Ensure legitimate stakeholder payments by adhering to approved compensation rates throughout the organization.

Contracts

Facilitate legal oversight with centralized storage of contracts and revisions, integrating seamlessly with existing contract management systems.

Engagements

Manage all stakeholder engagements from a centralized location, offering a comprehensive view across business regions or departments.

Payments

Control and substantiate payments, trigger OK2pay approvals, and compare budget to actuals for insightful financial oversight.

Transfers of Value

Provide financial oversight to control and substantiate proper payments and transfers of value.

Monitoring & Insights

Offer ongoing end-to-end oversight and analytics to enhance stakeholder engagement performance and advance business objectives.

Enterprise-Wide Controls

Mitigate risks associated with global stakeholder engagements from initiation to transparency reporting. Utilize analytics for data visualization in customizable dashboards to track engagements, refine strategies, and quickly identify non-compliant activities.

The solution includes features such as embedded sanctions checks, fair market value modeling, data services, contract templates, and DocuSign integration, all aimed at supporting life sciences companies in growing their business compliantly.