Consolidated Source for Gross-to-Net Data
If you are in the pharmaceutical industry, then you know how important Gross-to-Net calculations are. Gross-to-Net is a crucial metric that pharmaceutical manufacturers use to determine their profitability. It’s the process of determining the revenue that a pharmaceutical company will receive after accounting for discounts, returns, and other deductions.
However, if different parts of your organization are looking at the data differently or don’t have access to the same data, then they may come to different conclusions. This is where consolidating all the Gross-to-Net data in a single place becomes crucial.
One solution to this problem is Breakaway’s GTN system. It is a powerful tool that brings together all the data elements of Gross-to-Net calculations into a single repository. With this system, you can normalize and standardize all the data to supply a consistent and accurate picture of Gross-to-Net data across the organization. You can gain a better understanding of your business and make more informed decisions. You can identify areas of improvement and take corrective actions to optimize your profitability.
Breakaway’s GTN system is a comprehensive solution that covers all aspects of Gross-to-Net calculations. It includes features such as sales forecasting, accruals management, contract management, rebate and chargeback management, and financial reporting. This system is designed to help you streamline your Gross-to-Net calculations, reduce errors, and improve your overall profitability.
So, if you want to take your Gross-to-Net calculations to the next level, consider implementing Breakaway’s GTN system today.
Breakaway Technologies was founded in 1998 with the simple goal of making it easier for finance and accounting teams to report, plan and forecast.