For those companies operating in an international marketplace, ensuring compliance has never been more difficult or expensive.
The Patient Protection and Affordable Care Act of 2010 and other similar regulatory developments outside the US, have significantly increased the complexity and administrative burden of compliance for Life Science companies. And, the failure to remain compliant is extremely costly, with annual fines up to $1,000,000.
In this new regulatory environment, Life Science compliance and finance professionals are faced with a number of operational challenges:
- How to understand, and keep up to date with, compliance requirements across all their operating countries?
- How to ensure business and compliance processes and systems are robust enough to meet upcoming/future regulation?
- How to reduce the increasing cost of compliance?
To meet this challenge, MobileXpense and its partners have developed a comprehensive suite of Life Sciences solutions
Healthcare compliance pack
All the usual MobileXpense expense management functionality with built-in Life Sciences compliance.
First end-to-end compliance solution combining expense management, aggregate spend management and regulatory reporting functionality.