Veeva Systems Launches First Multi-tenant SaaS Aggregate Spend Compliance Solution for Life Sciences Industry

Multi-tenant SaaS architecture enables companies to keep up with changing regulations

Veeva Systems introduces VSpend™, the first multi-tenant SaaS offering designed to ease the burden of compliance with government regulations that mandate the tracking and disclosure of expenditures on individual healthcare professionals and organizations. It is a comprehensive spend compliance solution with flexible customer data integration, regulatory guidance, and always up-to-date business rules and reports. Built on the Force.com platform, VSpend’s SaaS architecture ensures that all users are continuously working from the very latest release so that life sciences companies have the insight and reports they need to meet the very latest regulatory guidelines.

VSpend is easily integrated with any customer spend source including internal data files and third-party data as well as any ERP or salesforce automation system. The product gives life sciences companies an intuitive user interface, customizable business rules for capturing and analyzing data, and internal and external report formats. A full suite of optional compliance services are also available – from training, data integration, and report filing services to a completely outsourced solution of all spend management functions. VSpend delivers the proven performance, scalability, speed, and security of Veeva’s award-winning multi-tenant SaaS CRM application.

“The initial hurdle to achieving compliance is a data challenge, aggregating data from all of the disparate systems across an organization,” says Todd Snow, Veeva’s director of strategy. “It gets even more complicated when you factor in the varied and shifting regulations. As more regulations are enacted, only a SaaS application can effectively lower the total cost of compliance while enabling life sciences companies to keep up with a constantly changing regulatory environment.”

VSpend’s multi-tenant SaaS architecture allows companies to make system changes as needed without investing in any additional infrastructure, software upgrades, or IT staffing. When regulations change, updates to the system are made and seamlessly pushed to the client. Management can interpret its impact on the company and tweak their system as needed in minutes rather than weeks or months.

About Veeva Systems, formerly Verticals onDemand

Veeva Systems is the leader in SaaS-based solutions for the global life sciences industry. Veeva has dozens of customers ranging from the world’s largest pharmaceutical companies with thousands of users to emerging biotechs commercializing their first products. Veeva customers achieve the fastest time to value through the deployment of fully functional applications that are flexible, simple to deploy, inexpensive to operate, and provide a superior user experience. Veeva is a privately-held company headquartered in Pleasanton, CA. For more information, visit www.veevasystems.com.

Contacts

Veeva Systems, Inc.
Lisa Barbadora, 610-420-3413
pr {at} veevasystems(.)com