Spend Tracker Limited℠ gives those companies a low cost option to get a solution that generates the required reports and provides an easy migration strategy to a more powerful solution as they grow and need additional functionality.
Princeton, NJ (PRWEB) August 01, 2012
R-Squared Services & Solutions, Inc. (R-Squared), a leading developer of compliance software for the life sciences and healthcare industries, today announced the release of SpendTracker Limited℠, to simplify Federal and State aggregate spend reporting required for Life Science companies. SpendTracker Limited℠ was specifically designed with smaller companies in mind, and allows for a simplified administration process that works well for less complex environments.
Customer master data is usually a huge challenge for life science companies, which is what makes other solutions on the market today more complex and expensive. The beauty of SpendTracker Limited℠ is that it has an integrated comprehensive universe of public data and allows you to pick and choose the appropriate HCP/O for reporting requirements. SpendTracker Limited℠ leverages R-Squared’s leading-edge data management technologies, ensuring that your data will always be current and accurate.
SpendTracker Limited℠ gives you the ability to add your covered recipients (HCPs/HCOs) through searching R-Squared’s Cirrus (cloud-based master), uploads of current data, and manual additions. SpendTracker Limited℠ also makes adding expenses simple by allowing spreadsheet uploads, as well as manual entry. Additionally, you can report expenses with ad hoc, state, and federal reporting capabilities. SpendTracker Limited℠ allows for several user-friendly permission levels, virtually eliminating administrative difficulty.
“We realize that there are many small life science companies that don’t need a fully automated and sophisticated Aggregate Spend reporting solution like SpendTracker,” said Michael Bell, CEO of R-Squared, “Spend Tracker Limited℠ gives those companies a low cost option to get a solution that generates the required reports and provides an easy migration strategy to a more powerful solution as they grow and need additional functionality.”
Even though SpendTracker Limited℠ is a scaled back version of R-Squared’s industry leading SpendTracker™ solution, clients will still get access to the industry expertise as well as cutting edge technology like Cirrus to manage their aggregate spend reporting requirements. Remember, R-Squared is the only company in this space with 3 technology patents pending for its technological advancements combined with a team of healthcare attorney’s and life science professionals involved in the design, development and implementation of all of the solutions in the RADS compliance platform.
R-Squared Services & Solutions, Inc. (R-Squared) is a software company that develops more efficient and effective ways to ensure evidence-based compliance with the web of regulations and laws affecting the organization. We are especially good at translating regulatory requirements into workable tools and practices that simplify the task of abiding by regulations — while generating solid evidence of compliance at the same time. We’re about tighter compliance, with fewer burdens.