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Budgets

Budget Management and Cash Forecasting for Clinical Trials

Financial management starts with forecasting, and wouldn't it be a benefit to reduces the time to generate a forecast, improve your forecast accuracy, and easily identify delays and expense increases by trial phase?. Bioclinica's budget tools help sponsors and CROs efficiently and frequently assess trial expense needs based on activities, such as site and subject enrollment, in order to proactively plan for funds necessary to support the needed ongoing expenses of a clinical trial. This automation fosters collaborative, more accurate financial reporting, reduces the variance between budgeted and actual expense views, to help speed valuable new drug products to market.

With Bioclinica Budgets, sponsors and CROs benefit from:

Consolidated Budgets

Consolidated Budgets

  • Store and maintain budgets in one location from a variety of vendors and sources that contribute to total trial expense
  • Reduce time operations staff spend on analyzing individual vendor budget spreadsheets to manage the total trial budget

 

Reduction in Variance

Reduction in Variance

  • Reforecast trial expenses regularly by importing real-time data, resulting in proactive decision-making and reduction in variance between budgeted and actual budgets
  • Strengthen sponsor-CRO relationships and retain high-enrolling, high-performing sites for your studies

 

Improved Cash Management

Improved Cash Management

  • Import global expense profiles for participating geographic regions, site activation/enrollment data, and expected schedule of assessment profiles and related expenses
  • Evaluate and reevaluate costs using actual trial data once operational activity begins, to show how the status of the study impacts the funds necessary, preventing under or over-requesting for funds

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ADDITIONAL RESOURCES

SITE & PATIENT PAYMENT SERVICES

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ROI Initiative: A Technology Solution for Site Payments

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Leader in Clinical Trial
Management Solutions

Successful clinical trials require the ability to see key details and uncover hidden insights. Bioclinica utilizes science and technology to bring clarity to clinical trials, helping companies to develop new life-improving therapies more efficiently and safely.

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