Your compliance depends on that crystal ball remaining crystal clear. For all Life Sciences companies accruals play an important role in compliance. One approach to managing compliance is to examine your accrual process since any calculation error can have a significant impact on your business. The accrual process must align with generally accepted accounting principles (GAAP). Your rebates, chargebacks, other discounts, promotional programs and more have data associated with them. But each program houses that data in different places making it extremely difficult to aggregate so that you can determine the right number to hold based on historical data and predictive calculations.

You need future-ready technology that assures your process is right 
With the importance of compliance, you need assurance that you have the right process controls that are repeatable and auditable. Your process must not only document how you arrived at your calculations, but it must be reconcilable and incorporate process control reviews and secure adjustments.