EDISON, NJ--(Marketwire - March 10, 2009) - Mindlance Life Sciences, a division of global business and information technology consulting firm, Mindlance, Inc., today announced the availability of its Government Pricing Reconciliation Tool. The new tool increases compliance and audit readiness with an automated process to reconcile transactional data in government pricing systems.

Mindlance's GP Reconciliation Tool automates the identification of transactional inconsistencies between source systems and government pricing calculation systems. Configurable drilldown reports facilitate the investigation of discrepancies back to the individual direct sale, chargeback and rebate transaction.

"The GP Reconciliation Tool significantly reduces potential audit and compliance risks," said Sean Downey, Government Contracting Practice Director at Mindlance. "Most companies have not automated this critical audit step and use manual processes, if anything at all, to assist with data reconciliation. Our tool is easy to use and integrates seamlessly with most government pricing systems without the need for customization."

"Our GP Reconciliation Tool is another example of a focused project accelerator that we offer to our customers," said Jeff Lee, Vice President, Life Sciences at Mindlance. "We continue to look for ways to enhance our service offerings and expedite time to value for customers through powerful toolsets focused on eliminating manual processes and reducing compliance risk."

For more information on Mindlance's GP Reconciliation Tool visit us at www.mindlance.com or contact Sean Downey (sdowney@mindlance.com).

About Mindlance

Mindlance, Inc., established in 1999, is a leading provider of consulting, outsourcing and staffing services to Fortune 1000 and middle-market clients. Our strategy is to create a long-term partnership with our clients using a multi-faceted approach -- applying domain expertise in specific industry segments, utilizing a highly-skilled technology workforce, leveraging a proven global delivery model, implementing quality processes & methodologies and being extremely cost-effective. Mindlance has more than 40 customers including top global companies in financial services, life sciences, healthcare, high technology, as well as government. Mindlance is a certified minority-owned business and has been consistently ranked as one of the fastest growing technology companies in the U.S. For more information, visit www.mindlance.com.