Large MNCs spend more than 50% of their capital investment dollars on IT, yet few have compliance structures or procedures to inform their IT strategies (according to Gartner Group).

To maintain enforcement levels and comply with evolving requirements at a reasonable cost, businesses need a flexible, end-to-end approach to governance and compliance management that can support many different compliance initiatives.

Companies are increasingly challenged by the rising number of regulations both from a geographical standpoint (different countries have different regulations and companies that do business in said countries have to toe the line) as well as industry sectors. If they do not comply, in the worst case scenario, companies run the risk of being closed down or being excluded from a market.

Pharmaceutical companies reach out to enhance their strength and competitiveness by looking out for a partner who is exceptionally global in competence, R&D, manufacturing practices and vision. Companies today center their ethos on customer focus and rapid response. Manufacturing platforms need to be global in legal and statutory compliance and scale. Quality standards need to meet the most stringent regulated market requirements. Cost effective manufacturing gives a partner a competitive edge. Having a devoted understanding to these complexities, Procon plucks the right cord of the problems at the right time and provides right solutions through reliable alerts and information.

Procon

Procon offers real time visibility of all defined Performance, Compliance and Risk Indicators at all business entities of Pharmaceutical companies like R&D, Production, Sales, Finance, etc.  The built in trending engine offers predictability of Performance and Risk at all user configured business entities.  Procon also offers roll ups to have aggregated views of Performance, Compliance and Risk at all business processes and entities. In addition, Procon offers real time compliance management in areas of legal and regulatory as well as quality.  Procon is the only real time Performance, Risk and Compliance Management Solution for Global Pharmaceutical Industry.

Procon™ identifies the key performance and compliance indicators like high quality products, flexible responsive service, on-time delivery, competitive pricing, excellent compliance record, efficient technical transfers, regulatory support, efficient inventory coverage, etc., and provides essential solutions that make drug manufacturing a risk-free for overseas markets.

For the Pharmaceutical industry, Procon:

1. Enables the navigation from an overview for the organization down to performance details for a collection of business entities like an individual project, and an individual task and a resource.
2. Organizational development by reducing gap between actual results and desired results.
3. Provides trending therefore prediction in performance at any indicator level.
4. Comparisons between sub measures within KPIs and across different business entities.
5. Assessing risk factors – qualitative and quantitative outputs
6. Risks treatment solutions – avoid, mitigate, transfer & retention of risks
7. Helping organisation in the global statutory/regulatory compliances.
8. Compliance level displays – through alerts on real time
9. Maintenance of legal documentations – by uploading necessary files and documents relevant to the entity
10. Auto escalation process for better management of all compliances.
11. Real time alerts on thresholds set by a stakeholder helps is timely management on slippages.