Foresight Group International AG: Continuing To Evolve And Stay Ahead Of The Curve

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All Oracle Life Sciences customers face the common challenge of keeping pace with organizational, technological and regulatory changes.

Foresight Group, an Oracle Channel Partner, focuses exclusively on helping life sciences companies address their worldwide pharmacovigilance (PV) and risk management challenges through a unique mix of management and technology consulting services, software tools, application hosting, and managed services.

“Pharmaceutical, medical device and Contract Research Organizations (CROs) around the world trust Foresight to help improve different elements of their PV and risk management operations”, said Joe Rymsza, Co-Chief Executive Officer of Foresight Group.

“The PV and risk management operations of life sciences companies are under constant pressure due to many factors, including a very dynamic and demanding regulatory climate, the worldwide marketing of their products, mergers and acquisitions, and the need to sustain critically important compliance levels while often facing contracting annual budgets,” said Joe.

Foresight Group has an accomplished team in Europe, Japan, India and the United States to help companies comprehensively address these challenges. Their consultants leverage Foresight’s tools, data centers and their real-world experiences – an important blend of functional, technical and knowledge of global regulations – to bring pragmatic and cost-effective solutions to pharmaco vigilance and risk management problems.

One of the key forces facing the industry right now is the need for life sciences companies to reduce operating expense and complexity by harmonizing the different processes and systems used by their Japanese and global organizations into one globally integrated PV and risk management system and process.

Over the past five years, virtually all organizations that have embarked upon this system and process harmonization have selected Oracle Health Sciences PV software as their core platform”, said Rymsza.

Foresight saw this trend emerging in 2011 and has invested significantly in their Japanese delivery capabilities to ensure they could meet the needs of their clients to not only deliver all technical and functional aspects of the project in both Japanese and English, but also to provide long-term hosting and managed services for these clients in both Japanese and English.

The result of forward-looking investments like this is that Foresight Group has delivered the greatest number of Oracle pharmacovigilance system deployments and data migrations of any Oracle channel partner, both globally and within Japan. The company is recognized as the premier provider of PV and risk management services to life sciences companies around the world, and runs the industry’s largest client-focused user group meeting for Oracle’s pharmacovigilance product lines.

Clients worldwide leverage Foresight’s experience to solve business challenges in regulatory compliance, process optimization, hosting, and application management services with the use of Oracle Health Sciences software.

By proactively responding to industry challenges, Foresight has successfully delivered hundreds of projects that have transformed organizations that use Oracle software.

Some of these projects include:

  • The consolidation and integration of systems and processes of four discrete multi-billion life sciences companies into one globally integrated process and Oracle-based system – including their Japan operations.
  • Enabled a CRO to consolidate and migrate a significant number of single Oracle Argus instances into one multi-tenant system that is hosted and managed by our services team.

Organizations such as ones referenced above that use or are looking to implement Oracle Health Science’s Software often turn to Foresight to deliver the projects on a fixed fee basis – including technical aspects such as system configuration, implementation, upgrades, data migration, hosting and/or application management services, as well as functional aspects such as business process harmonization, change management, implementation and/or revision of standard operating procedures and training (in multiple languages including English and Japanese).

Over the next few years Foresight will continue to evolve and stay ahead of the curve with respect to changing regulations and the technology that enables regulatory compliance. Foresight will also grow and adapts a leading provider of services and software to support client needs, while working with Oracle to bring innovative solutions to the market.

According to Joe, a successful company requires top industry talent to ensure high levels of quality and to consistently deliver vibrant solutions and superior quality products and services. Joe recommends that consulting organizations closely monitor the industry and invest in partnerships with their clients that result in mutually agreeable success. This investment will position consulting companies as a “trusted advisor,” which results in increased customer satisfaction and leads to repeat business.