Improve speed-to-market, compliance, and collaboration for new drugs with the ICI Clinical Trial Agreement and Budgeting app.

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Challenges with Traditional Approaches to Clinical Trials and Budgeting:

Stringent compliance and budgeting requirements have contributed to a 145% increase in the cost of taking a drug to market over the last decade. According to the Association of Clinical Research Professionals, contract and budget negotiations are responsible for 49% of study delays.

A manual contract management process can compound those delays, creating significant business challenges:

  • Difficulty in meeting study timelines and milestones
  • Inefficiency in responding to supply chain disruption and onboarding
  • Difficulty in accurately tracking budgets and consumption
  • An increase in the cost of taking a drug to market
  • Lack of real-time, end-to-end visibility across the clinical trials process

Benefits of the ICI Clinical Trials and Budgeting app:

The Clinical Trials Agreement and Budgeting app, built on the Icertis Contract Intelligence (ICI) platform, gives sponsors unprecedented control over the contracting lifecycle.

This app enables companies to:

  • Reduce contract cycle times by up to 80%
  • Improve compliance on agreements
  • Easily track clinical trial budget consumption
  • Ensure compliance and improve collaboration with CROs and sites
  • Gain visibility to contracts across the global enterprise

Icertis’ Leadership in the Pharmaceutical Market

Explore more about streamlining clinical trials with contract management