BEDMINSTER, N.J.--(BUSINESS WIRE)--Cegedim Relationship Management today announced the launch of the latest version of their aggregate spend and disclosure reporting tool, AggregateSpend360^(™) 5.2, which now offers new templates and healthcare provider spend posting and review capabilities, among other features. Cegedim Relationship Management is the global market share leader and first to commercially market Life Sciences-aggregate spend solutions.

With the increasingly complex disclosure laws and the trend towards transparency, Life Sciences companies must handle the burden of effectively tracking and reporting on marketing, clinical, advertising and sales promotion expenses, known as aggregate spend reporting. The most efficient approach is a holistic one, but this can be difficult for companies to achieve on their own.

AggregateSpend360, available in both Software as a Service (SaaS) and licensed models, is an out-of-the-box, web-based solution that saves time and streamlines complex tracking and reporting for all aggregate spend per state, federal, and global requirements. Comprehensive, this data management and reporting service collects all the necessary compliance data and rationalizes that data for one view of the customer. Then it automatically generates reports for state and federal compliance requirements with prebuilt templates according to each regulation.

“All existing customers are able to be quickly and seamlessly upgraded to this new version – typically within one day,” said Bill Buzzeo, General Manager and Vice President of Global Compliance Solutions at Cegedim Relationship Management. “Version 5.2 not only enables companies to comply with the federal Patient Protection and Affordable Care Act, but also with global disclosure and anti-bribery regulations such as the UK Bribery Act and FCPA. We were the first company to market this kind of product, and this most recent software release is just one more example of Cegedim’s commitment to anticipating the needs of Life Sciences companies and working proactively to simplify what they need to do to stay compliant.”

Key enhancements in this latest release include:

• New baseline templates to support the Patient Protection and Affordable Care Act, formerly called the Physician Payments Sunshine Act
• Ability to securely post healthcare provider (HCP) spend to the internet for private review, in step with the latest federal requirement.
• Bolstered fraud detection by storing the relationship between an HCP and organization for alerts and reporting.
• Integration with Cegedim’s Document and Process Compliance Solutions powered by QUMAS to access spend requisition / authorization documents.
• Enhanced integration with Cegedim’s OneKey Healthcare Reference Database and services.

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