Clinical Trials and Budgeting

Improve speed-to-market, compliance, and collaboration for new drugs by digitizing contract lifecycle management for clinical trials and budgeting.

The Challenge

Difficulty in meeting study timelines and milestones

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.

The Solution

Icertis Clinical Trials & Budgeting App

The Clinical Trial Agreement and Budgeting app, built on the Icertis Contract Intelligence platform, digitizes contract lifecycle management, giving sponsors unprecedented control over the contracting lifecycle.

The Icertis Advantage

The Clinical Trial Agreement and Budgeting App offers these powerful capabilities

  • Trial Management

    The Clinical Trial Agreements and Budgeting app allow pharmaceutical and life sciences customers to better manage the lifecycle of CTAs, CDAs, and ICFs while tracking trial budgets.

  • Improved Collaboration

    The app enables deeper collaboration with CROs and Service Providers through an online portal, allowing easy management of all outsourced activity.

  • End-to-End Visibility

    Gain end-to-end visibility into the contracting process and reduce time spent on contract administration.

  • Budget & Finance Tools

    Budget-tracking capabilities help capture and track budgets on studies and research and integrate with financials and CTMS solutions to drive visibility.

The Benefits

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

Reduce contract cycle times by up to 80%

Improve compliance with agreements

Gain visibility to contracts across the global enterprise

Easily track clinical trial budget consumption

Ensure compliance and improve collaboration with CROs and sites


Best Practices in Contract Intelligence for Pharmaceutical Companies

Learn how pharma companies have leveraged the Icertis Contract Intelligence platform to accelerate, protect and optimize business.

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