Pharmaceutical and Life Science compliance organizations are seeking innovative, cost-efficient approaches to detect, monitor and remediate fraud, compliance and corruption issues through their compliance monitoring programs.
Challenges compliance monitoring programs are facing today:
- Manual, time-consuming process
- Lack of standardized approaches and outputs
- Highly-skilled compliance advisory resources performing operational roles
- Limited use of data analytics
- Limited ability to utilize risk insights
- Inconsistent monitoring outputs
- Difficulty creating economies of scale
- Difficulting in shedding the reputation as a business disruptor