State Price Transparency Reporting Software

A Comprehensive Software Solution for State Price Transparency Reporting  (SPTR)

State Price Transparency Reporting (SPTR) is often a tedious and time-consuming task for both brand and generic manufacturers. Submission errors and missed deadlines may result in costly fines.

The challenges of SPTR

• Manufacturers must login into many state portals and submit reports in a variety of formats with different data elements. Changes in pricing and bringing new products to the market trigger different reports
• Various reports, notices to states, and payments have different due dates.
• Reporting requirements may change without advanced notices to manufacturers

Relasoft Solution for the State Price Transparency Reporting

• Our software centralizes and automates the entire SPTR process. One secure system stores all SPTR-related information. That includes product info, complete WAC pricing history, data elements requested by any state, various due dates, portals and logins, state contacts, and more
• Automated interface with ERP and friendly user interface make it easy to get product and pricing info, as well as other data elements,
• The program automatically detects required reports, notices and data feeds, and their due dates. Then these reports and data feeds are generated in the exact formats, requested by each state
• With links to portals and login info provided, submitting reports takes minutes. The program stores submitted reports for future references for compliance and audit readiness. Instant access to historical submissions helps to maintain consistency.
• The program ensures full collaboration support, reporting consistency and knowledge retention within the company. It minimizes the learning curve for new team members.

With everything you need at your fingertips, SPTR reporting becomes accurate, consistent, and manageable stress-free. Relasoft software empowers manufacturers to bring SPTR reporting in-house.