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 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 Agreements and Budgeting app allow pharmaceutical and life sciences customers to better manage the lifecycle of CTAs, CDAs, and ICFs while tracking trial budgets.
The app enables deeper collaboration with CROs and Service Providers through an online portal, allowing easy management of all outsourced activity.
Gain end-to-end visibility into the contracting process and reduce time spent on contract administration.
Budget-tracking capabilities help capture and track budgets on studies and research and integrate with financials and CTMS solutions to drive visibility.
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.