NEW YORK, NY and INDIANAPOLIS, IN--(Marketwired - Aug 11, 2015) - Ernst & Young LLP and YourEncore have formed a strategic alliance to provide end-to-end offerings designed to help life sciences and consumer products clients accelerate product development, strengthen regulatory compliance, and improve productivity. This first-of-its-kind relationship will unite EY management consulting, transaction advisory, and tax services with the real world experience of YourEncore's 10,000 on-demand industry experts to provide a wide range of services to help clients innovate, drive growth, manage risk, and comply with increasing regulatory challenges."Combining the highly-regarded capabilities of EY and YourEncore is a win for our clients," said Kim Ramko, EY Global and Americas Life Science Advisory leader. "This alliance is pioneering because it combines YourEncore's deep, hands-on industry knowledge with EY's consulting experience to specifically address client needs with on-demand services, helping them be strategically nimble in an evolving pharmaceutical industry."
Already, Ernst & Young LLP and YourEncore have developed the Customer Engagement & Safety Compliance (CESC) platform to help life sciences companies address patient safety and adverse event reporting challenges stemming from the rise of social media and other digital communication channels. The offering helps clients capture, analyze, and monitor patient safety information while sustaining compliance with adverse event reporting requirements in an environment of rapid regulatory changes.
The alliance will also introduce services that help companies comply with upcoming revisions to the EU Medical Device Directives, which will require enhanced supply chain traceability. In addition, EY and YourEncore are developing services for the consumer products industry, which requires teams with in-depth client, industry and technical understanding. The services will combine the domain knowledge of YourEncore experts, who have an average of 25 years of experience in industry, with EY enterprise methodologies, technology platform, and delivery arms.
"Tackling the big problems facing leaders in technical or regulated industries requires deep technical know-how and industry knowledge in order to deliver excellence," said Minnie Baylor-Henry, strategic advisor for YourEncore and former worldwide vice president of regulatory affairs at Johnson & Johnson. "The YourEncore and EY alliance brings together the right ingredients to help business leaders tackle these critical development, regulatory, and productivity challenges."
For more information about the EY-YourEncore alliance, please visit ey.com/eyyourencore.
About EY's Advisory Services
In a world of unprecedented change, EY Advisory believes a better working world means solving big, complex industry issues and capitalizing on opportunities to help deliver outcomes that grow, optimize and protect clients' businesses.
From C-suite and functional leaders of Fortune 100 multinationals to disruptive innovators and emerging market small and medium sized enterprises, EY Advisory teams with clients -- from strategy through execution -- to help them design better outcomes and deliver long-lasting results.
A global mindset, diversity and collaborative culture inspires EY consultants to ask better questions. They work with the client, as well as an ecosystem of internal and external experts, to co-create more innovative answers. Together, EY helps clients' businesses work better.
The better the question. The better the answer. The better the world works.
This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.
Indianapolis-based YourEncore, an Inc. 5000 company, helps companies in the life sciences,consumer products and food industries solve complex innovation, compliance and productivity challenges by deploying industry-accomplished experts who are highly experienced and immediately effective. YourEncore experts, which include MDs, PhDs, executives and practitioners, have on average 25 years of experience and are behind many of the most successful products on the market. In addition to advisory services, the company also offers the resources to act on its recommendations. Founded in 2003, YourEncore today works with 12 of the 15 leading global pharmaceutical companies and four of the six top consumer care companies. For more information, visit www.yourencore.com and follow us onFacebook and LinkedIn.