New Delhi, India -- (SBWIRE) -- 04/03/2015 -- Profocus Software, based out of New Delhi, India is emerging as one of the hottest entrants in the field of Pricing & Contract Management Software. The company's List Price Management software and Reference Pricing solutions are built on robust MVC architecture which delivers high performance and reduces latency, according to the company.
The company claims that its reference pricing solution is able to handle data loads of up to three hundred thousand data sets and run multiple iterations asynchronously. The CEO of the company, Mr. Sethi, recently talked about the impact of pricing and contract management software in the Pharmaceutical industry in Europe. "The Pharma industry in Europe stands to gain huge improvements in margins and revenue by better usage pricing management tools. Even now, some of the pricing decisions and solutions are being run simply on excel sheets. But with proper software, macroeconomic and competitive analysis can be performed on a Pharma company's products and offerings. Decision on when and how to launch a particular product can be taken effectively resulting in millions of Euros of extra revenue. Better contract, pricing management and forecasting through an integrated software suite could result in additional revenues to the tune of hundreds of millions of dollars."
The company also claims to have delivered two new products in Pricing Management Software in a short span of two years since its inception by following agile methodologies. Through its business partner based out of Europe, Profocus has delivered solutions to fortune 1000 pharma companies. This includes marquee Pharmaceutical majors of Israel, France and USA.
Profocus Software's latest offering developed for its partner - List Price Management (LPM) provides a granular and secure control and approval system for pricing decisions. This will be eventually integrated into a suite of products.
Apart from these contract, pricing and reference management tools, the company also provides custom product development and software IP creation services. When asked about its expansion plans, Profocus software explained that the company planned to open a bigger development centre in New Delhi and visit USA and Europe in summer of 2015 to sign up ISV's and end-clients having such software development needs. "We will visit Europe and US territories more and more as that is where most of our existing clients are. This is not only to gain more clients but have greater face to face interaction with existing ones before we set up a dedicated marketing office there. We also hope to forge new relationships in custom software product development for pharma and biotech clients during our visit." explained the company's CEO.
About Profocus Software Solutions
Profocus Software Solutions is a developer of Business Intelligence and Analytics software and custom software products as per client needs. The company has deep industry experience in Pharmaceutical, Logistics and Insurance space. The company has a client based in Europe, USA and is based out of New Delhi, India.
Profocus Software Solutions
Company Location: New Delhi, India