RELTIO FOR COMPLIANCE / CHIEF COMPLIANCE OFFICERS (CCO), GOVERNANCE DIRECTORS
Fine-grained tracking, audit and regulatory enforcement
For highly regulated industries such as life sciences, accuracy in regulatory reporting of transactions such as those for open payments, sample compliance, and adherence with corporate integrity agreements (CIA) are a must. Billions in fines are levied every year and thousands of hours are lost due to mandated training, and data management to generate complex reports. Beyond these financial challenges, companies also have to be concerned about brand reputation, and the security and privacy of their customers.
Reltio data-driven applications keep data safe and secure from an infrastructure and data management perspective, while also providing configurable options that track, audit and report on every click, view, update and merge of data across every source. Reltio has fine-grained, attribute-level tracking for every record stored. With full point-in-time query of information, and the ability to restore and revert values back to it's original form, Reltio goes beyond any regulatory requirement dictated today.
Rather than just meeting compliance needs, Reltio's modern data management Platform as a Service (PaaS) allows dynamic analysis of the data, with machine learning revealing relationships and opportunities that can proactively reduce violations, and also help you improve your customer engagement and satisfaction levels. Taking mandated compliance and turning it into an opportunity to personalize, delight and exceed customer expectations.
CORPORATE INTEGRITY AGREEMENT (CIA) COMPLIANCE
Reltio brings together data from HR and training systems to deliver a data-driven application that identifies, manages, tracks and maintains the training path and records of employees that meet CIA requirements. Reltio can not only reduce the amount of time it takes to generate the needed reports, but also eliminate the second guessing on who really needs to take the training. Freeing up thousands of hours of time wasted on employees who do not require training, and improving their productivity and morale.
OPEN PAYMENT AND EFPIA REPORTING AND ANALYSIS
Reltio's ability to create a single view of HCO and HCPs across siloed sources makes open payments/aggregate spend reporting a breeze. Reltio can also store and manage all related transactions, effectively forgoing separate MDM and data warehouse reporting systems. Reltio's global capabilities also make it perfect for addressing European data challenges such as EFPIA (European Federation of Pharmaceutical Industries and Associations) code dictating similar disclosure and transparency reporting, which began in 2016.