SOURCE: Model N, Inc.

Model N, Inc.

February 25, 2009 03:01 ET

Model N Collaborates With Oracle on Accelerating Revenue Management Adoption by Life Science Manufacturers

Relationship Focuses on Delivering Industry-Specific Revenue Management Applications Tightly Coupled With the Oracle® E-Business Suite and Optimized for Oracle Database and Oracle Fusion Middleware

REDWOOD SHORES, CA--(Marketwire - February 25, 2009) - Model N, Inc., the leader in Revenue Management solutions, today announced it is working with global business software leader Oracle to deliver comprehensive Life Science Revenue Management optimized for Oracle applications. Model N has also become a member of the Oracle® PartnerNetwork.

Model N's domain-specific solutions align and integrate core revenue life cycle processes on a single platform, from pricing and contracting to settlements and compliance. Tailored to the unique business requirements of the Life Sciences industry, the solutions address the evolving commercial and regulatory business needs of pharmaceutical, biotech, and medical technology manufacturers.

News Facts

--  Model N's customer base includes global innovators from across the
    pharmaceutical, biotech, and medical technology industries that are
    optimizing critical revenue life cycle processes to eliminate revenue
    leakage and regulatory risk
--  Oracle has a strong worldwide presence in the Life Sciences sector,
    particularly in ERP, Web Services, CRM, and database applications
--  Several leading Life Science manufacturers are already benefiting by
    complementing their Oracle-based applications and IT infrastructure with
    Revenue Management applications from Model N
    

Pre-integrated Offering Driving Customer Value

Life Science manufacturers running Model N with Oracle are able to lower their total cost of ownership and accelerate time-to-value by taking advantage of:

--  Model N implementations built on a 100 percent Oracle stack,
    delivering a highly scalable solution that leverages customers' current
    infrastructure investment
--  Out-of-the-box integration with Oracle systems and Web Services
    management tools, providing visibility across the entire Oracle IT
    landscape
--  JMS adaptors configured to use Oracle's integration bus
--  Tight integration with Oracle master data and external data sources,
    enabling Revenue Management business policies to be executed against
    accurate and consistent business data
--  Custom Model N Web Services that enable real-time integration between
    Oracle E-Business Suite and the Model N Revenue Management Suite, providing
    dynamic services for pricing and accruals across policy guidelines,
    customer contracts, and commitments
    

Supporting Quotes

"As a strategic partner to our customers, we owe it to them to take care of technology and integration issues and keep our primary focus on innovative products that address their critical business issues," said Sujay Jadhav, Life Sciences General Manager at Model N. "By enabling seamless integration between Model N and Oracle systems, our customers can leverage Model N's proven Revenue Management solutions and the widely adopted Oracle E-Business Suite to enhance strategic decision making and reduce financial risk."

"Life Sciences companies are increasingly looking to revenue management to help maximize return on investment from breakthrough medications and patient care and as well as to minimize regulatory risk," said Arvindh Balakrishnan, Vice President, Life Sciences, Oracle. "By providing domain-specific applications on an integrated platform, this collaboration will allow our customers to gain competitive advantage in an increasingly complex and global marketplace."

Supporting Resources

Model N Pharmaceutical Revenue Management Suite

Model N Medical Technology Revenue Management Suite

AMR Research Report: Using Revenue and Contract Management as a Strategic Weapon

Oracle Life Sciences Customer Success Stories

Oracle E-Business Suite Customers Discuss the Value of Release 12

Oracle Fusion Middleware

About the Oracle PartnerNetwork

Oracle PartnerNetwork is a global business network of more than 20,000 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Certified Partner levels. http://oraclepartnernetwork.oracle.com

About Model N

Model N is a 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 Sciences and High Tech companies. For more information about Model N, please visit our website at www.modeln.com.

Trademark

Model N is a registered trademark of Model N, Inc. Oracle is a registered trademark of Oracle Corporation and/or its affiliates. All other company names mentioned are the property of their respective owners and are mentioned for identification purposes only.

Contact Information

  • Contact Information
    Sean Cassidy
    Model N, Inc.
    Tel: 650-610-4820
    Email Contact