QPharma releases qSpend Web-based aggregate spend solution

QPharma, Inc., the industry leader in FDA Regulatory and Compliance Solutions, announced today the official release of their aggregate spend solution, qSpend^TM. This tool assists Pharmaceutical, Biotechnology, and Medical Device companies in complying with countless state and federal laws, regulations, and industry guidelines governing sales and marketing. qSpend is QPharma's cost-efficient, aggregate spend solution for tracking, evaluating, and reporting sales and marketing expenditures in a regulatory compliant manner.

“Companies face many challenges in the implementation and adaptation of their aggregate spend solution in this evolving regulatory landscape. qSpend was developed to ensure compliance with the regulatory requirements while creating a flexible, sustainable model moving into the future.”

qSpend is a Web-based solution available on-demand to provide access anytime, anywhere. The solution provides several means for capturing expense data including manual data entry, file uploads, and third party expense management system interfaces. qSpend is fully configurable and includes customer-specific administrative preferences, thresholds, and alerts. The system complies with both state and federal reporting requirements generating these reports with the simple click of a button. The qSpend solution is available as software on demand or as a fully outsourced service.

Alexis Stroud, Manager of Regulatory Compliance, stated, "Companies face many challenges in the implementation and adaptation of their aggregate spend solution in this evolving regulatory landscape. qSpend was developed to ensure compliance with the regulatory requirements while creating a flexible, sustainable model moving into the future."

Ray Roggero, QPharma's COO added, "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."