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    Financial Services Management

    Carly_Financial_Services

    Order-to-Cash Reporting by 3PL Vendors Streamlines Operations for Manufacturers

    An efficient payment process with strong financial services management benefits pharmaceutical manufacturers and trading partners.  Prompt invoicing and revenue recognition builds confidence with wholesale and retail accounts and supports timely and accurate transactions for accounting requirements.   Financial services management performed by WDSrx streamlines logistics and accounting by fulfilling orders for products, generating transactional information and distributing invoices from withi...

    Case Study: Manufacturer Reverses Revenue Loss and Increases Productivity With Automated Chargeback Processing

    INTRODUCTION Pharmaceutical development and manufacturing are complex processes.  When a medication is approved for commercial use, the sales pathway between the manufacturer and patient involves multiple parties. Each step adds contract terms that specify requirements for price, storage, fulfillment and payment. The manufacturer must actively engage with all parties to minimize revenue loss. Chargebacks are an important component of the payment process that can reduce revenue loss when managed...

    Case Study: WDSrx Keeps Money Flowing for Manufacturer Migrating from Legacy 3PL

    Summary: WDSrx collaborates with manufacturers to accommodate their financial service needs including chargeback processing. Recently, a prospective client transitioning to us from another 3PL requested assistance transferring their legacy accounting data to maintain consistent reporting.  Clients often prefer financial services for their products to be managed near their inventory. This helps to streamline the order-to-cash process with the ability to confirm transactions match inventory activ...

    chargeback processing

    New Product Suite Puts Manufacturers in Control of Chargeback Processing

    There are still some pharmaceutical manufacturers who believe maintaining internal teams for manual chargeback processing saves money.  Advances in technology and market competition have dramatically reduced the cost of more efficient solutions. Embracing a new strategy for processing chargebacks is necessary because wholesalers have increasingly sophisticated systems that can overwhelm manual processing, resulting in reduced cost control and increased financial risk.  A new suite of automated...

    Are any Controlled Substances (CII) included in your return? If so, please press "Yes" and complete the DEA 222 Request Form. You can also contact Jason Solomon at jsolomon@wdsrx.com or (561) 998-3885 x316.