Budgeting & Accruals

How accurate are these study estimates? Do they account for recent changes in objectives? Where are overruns likely to occur? What are the accruals forecasts based on? What are the anticipated study costs of the proposed inlicensing agreement? How much money will our potential acquisition need to bring products to market?

ClearTrial provides visibility and control over study budgets and costs, while keeping studies aligned with clinical assumptions and business objectives. Embedded industry rules and algorithms and activity-based planning let you conduct fast, accurate make vs. buy analyses, accelerate budget cycle iterations, and avoid unexpected downstream study costs. Generate accruals forecasts based on when work is actually performed, and improve collaboration and consistency across business functions with a web-accessible, centralized repository for study plans, budgets, standard project practices, business partner information, billing rates, and more.

With ClearTrial software, you can:

• Perform rapid and accurate cost assessment for inlicensing and M&A
• Conduct fast and accurate study costing, with detailed monthly budgets and cash flow
• Forecast internal as well as external resource requirements
• Automatically generate accruals forecasts based on when work will be performed
• Gain accuracy over simple benchmarking with resource-driven, activity-based budgets