15 Apr Verify Brand Track and Trace Software Named ‘Top 10’
In its 2016 report on worldwide pharmaceutical track and trace software vendors, the International Data Corporation (IDC), a global provider of market intelligence, advisory services, and events for the information technology, telecommunications and consumer technology markets, has ranked Verify Brand among the 10 best pharmaceutical track & trace software companies in the world.
The top 10 companies were selected on the basis of the following criteria: solution functionality and user interface, ease of use and integration with other systems, scalability, support, billing model, the vertical focus of vendors, financial stability, and customer base.
Verify Brand was praised for its good capabilities in unique identifier generation and reporting, as well as the company’s participation in establishing original EPCIS standards.
why pharma needs track and trace software now
With the first round of regulations for the Drug Quality Security Act (DQSA) in place as of January 1, 2015, the pharmaceutical industry must now prepare for serialization, beginning in 2017. The regulations, which are designed to maximize consumer safety by standardizing track and trace requirements and overall supply chain security, stipulate that pharma manufacturers must have a track and trace system fully implemented by 2023.
Besides servicing the pharmaceutical industry, Verify Brand serves many other industries with its supply chain security and serialized marketing solutions, including the automotive, electronics, chemicals, luxury consumer goods, consumer packaged goods and retail markets.