QPharma Launches qSpend Tool

QPharma, Inc. has released qSpend, an aggregate spend solution designed to assist Pharmaceutical, Biotechnology, and Medical Device companies with compliance of state and federal laws, regulations, and industry guidelines governing sales and marketing. According to the company, the qSpend tool is a cost-efficient, aggregate spend solution for tracking, evaluating, and reporting sales and marketing expenditures in a regulatory compliant manner.

The web-based solution is available on-demand and provides several means for capturing expense data including manual data entry, file uploads, and third party expense management system interfaces. The tool is fully configurable and includes customer-specific administrative preferences, thresholds, and alerts. The system complies with both state and federal reporting requirements and generates these reports. The solution is available as software on demand or as a fully outsourced service.

Ray Roggero, QPharma’s chief operating officer, said, “With constant change in the industry, it was imperative that we expand our regulatory compliance service offerings to assist life-science companies in complying with the myriad of aggregate spend and reporting requirements. With qSpend and our staff of regulatory specialists QPharma provides a cost efficient total aggregate spend solution.”