Model N RM Cloud was a perfect match for our needs. By offering significant out-of-the-box functionality and turnkey support backed by deep domain expertise, RM Cloud enables us to accelerate implementation, reduce costs, and avoid resource strain...
Redwood Shores, CA (Vocus/PRWEB) March 09, 2011
Model N, Inc., the leader in Revenue Management solutions, today announced at Model N RAINMAKER 2011 that pharmaceutical leader Shionogi, Inc, a U. S. Subsidiary of Shionogi & Co., is deploying Model N RM Cloud to improve core Revenue Management processes business while realizing all of the TCO and scalability benefits of SaaS. By leveraging Model N RM Cloud, Shionogi is able to quickly and cost effectively implement a robust, fully integrated Revenue Management system with BPO support in just a few short months, greatly reducing resource impact and time to value.
“A rapidly expanding business and evolving product line led us to explore how to better automate and integrate our revenue life cycle processes quickly and with minimal business impact,” said Nick Brignola, Senior Director, Commercial Finance, Shionogi. “Model N RM Cloud was a perfect match for our needs. By offering significant out-of-the-box functionality and turnkey support backed by deep domain expertise, RM Cloud enables us to accelerate implementation, reduce upfront costs, and avoid internal resource strain while giving us the flexibility to scale the solution as our business grows.”
RM Cloud provides customers with unprecedented anytime, anywhere access to Model N’s industry-leading Revenue Management platform while requiring zero upfront capital costs. Featuring powerful, yet highly configurable out-of-the-box functionality, RM Cloud significantly minimizes deployment effort, administrative overhead, and IT burden for faster time to value while preserving performance and deep support for industry-specific requirements. The all-in-one subscription approach includes application licenses, all supporting hardware and infrastructure, comprehensive access to maintenance and support, and upgrades to future versions. It also fully addresses related legacy issues regarding backups and data retention, performance, and uptime service levels.
“Over the past year we have been building RM Cloud as the backbone for delivering SaaS-based Revenue Management solutions to our customers,” said Rich Fitchen, Chief Marketing Officer and Senior Vice President, Business Development at Model N. “We see Shionogi as further proof of this desire for rapidly deployed and fully managed cloud-based solutions, and we are delighted to have Shionogi partner with us on RM Cloud.”
About Shionogi & Co., Ltd
Headquartered in Osaka, Japan, Shionogi & Co., Ltd. is a major research-driven pharmaceutical company dedicated to placing the highest value on patients. Shionogi’s Research and Development currently targets three therapeutic areas: Infectious Diseases, Pain, and Metabolic Syndrome. The Company is the originator of innovative medicines which have been successfully delivered to millions of patients worldwide. In addition, Shionogi is engaged in new research areas such as allergy and cancer. Contributing to the health of patients around the world through development in these therapeutic areas is Shionogi’s primary goal. For more details, please visit http://www.shionogi.co.jp. For more information on Shionogi Inc. headquartered in Florham Park, NJ, please visit http://www.shionogi-inc.com.
About Model N
Model N is the leader in Revenue Management solutions, offering an integrated suite of applications for analytics, pricing, contracts, compliance, and settlements optimized for the industry practices of Life Science and High Tech companies. Enabling the creation of a seamless, end-to-end process from price setting through settlements payment, Model N's uniquely integrated approach eliminates revenue leakage and delivers the visibility and controls needed to avoid the risks of non-compliance. Customers include: Atmel Corp.; Boston Scientific Corp.; Bristol-Myers Squibb Company; Cypress Semiconductor; Medtronic, Inc.; Microchip Technology Inc.; Ortho-Clinical Diagnostics, a Johnson & Johnson company; Pfizer, Inc.; and STMicroelectronics. Model N is headquartered in Redwood Shores, California, and has offices across the U.S., as well as Europe and India. For additional information, visit http://www.modeln.com.
Model N is a mark of Model N, Inc. All other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.
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