Case Study: Leading Life Science Organization achieves 75% time savings in global transparency reporting and $300K annual cost reduction with IQVIA

An advanced platform and expertise for executing a global transparency strategy

Leading Life Science Organization faced a need to upgrade its transparency reporting as it prepared for global expansion: the company required software to navigate changing international regulations and to reduce the heavy time burden on its compliance team. To meet this challenge it engaged IQVIA and adopted IQVIA Transparency Reporting (ITR) along with commercial compliance services.

IQVIA implemented a centralized ITR platform plus a dedicated managed services team to handle daily data collection, remediation and reporting, standardizing processes and cutting administrative effort. As a result, the customer reduced day-to-day compliance operations time by 75%, saved an estimated $300,000 globally each year, and was able to refocus resources on strategic initiatives while building a trusted partnership with IQVIA.