Datasheets

Clinical Trials App datasheet

Issue link: https://resources.icertis.com/i/1118626

Contents of this Issue

Navigation

Page 0 of 1

The Clinical Trial Agreement and Budgeting app, built on the ICM platform, digitizes contract lifecycle management, giving sponsors unprecedented control over the contracting lifecycle. I C E R T I S P L AT F O R M FMV Validation & Budgeting Cross-Site Collaboration The ICM Clinical Trial Agreement and Budgeting Application The ICM Clinical Trial Agreement and Budget app provides sponsors and CROs with powerful tools to manage clinical trials, dramatically improving speed-to-market, compliance and collaboration for new drugs. • Draft and amend with multilingual template and clause library • Track Fair Market Value (FMV) validation, consumption, budget history, trial milestones, escalations, obligations, payments and audits • Connect with financial systems to monitor expense reimbursement • Compare contracted costs to planned budgets sortable by site, protocol, or country • Ensure CRO access to insourced as well as outsourced studies through collaboration portal • Leverage reports on: site contracting history; cost and expense trends; spend analysis by therapeutic area and compensation tracking T H E S O L U T I O N T H E C H A L L E N G E 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 • Strained relationships between sponsors, CROs and sites • 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 trial process Self-Service Site Management Trial Management Site & Study History Expense Monitoring & Standard Reporting Icertis, the leading enterprise contract management platform in the cloud, solves the hardest contract management problems on the easiest to use platform. With Icertis, companies accelerate their business by increasing contract velocity, protect against risk by ensuring regulatory and policy compliance, and optimize their commercial relationships by maximizing revenue and reducing costs. The AI-infused Icertis Contract Management (ICM) platform is used by companies like 3M, Airbus, Cognizant, Daimler, Microsoft and Roche to manage 5.7 million contracts in 40+ languages across 90+ countries. For more information visit icertis.com.

Articles in this issue

Links on this page

view archives of Datasheets - Clinical Trials App datasheet