Clinical Trial Budget Management

Meet your financial objectives, drive operational efficiency and collaborate real-time with all study stakeholders.

TRUSTED BY

Clinical Trial Budget Management

Cloudbyz Clinical Trial Budget Management (CTBM) is a centralized automated budgeting solution that helps organizations gain visibility and insight into the financial health of their clinical trials. The solution enables control of all aspects of a study budget with a high level of efficiency. It enhances decision-making, maximizes resource utilization and increases operational efficiency.

Budget management is based on activity based planning with the ability to define budget templates and supports study specific or site specific budgets. Define costs as per protocol based events/ assessments and procedures to calculate unit costs and aggregate to study or site level costs.

Product Features

Click to Enlarge

Study Budget

Define budgets at the study level and country level based on multiple scenarios. Add details such currency, item fees, overhead, holdback and subject visit assessments. Set up multiple budget versions per study with the ability to archive inactive budget versions.

Click to Enlarge

Site Budget

Set up multiple budget versions per site. Manage and track advance payments to sites, partial payments, unscheduled and invoiceable items payments and holdback payments. Set up different payment frequency per site such as monthly, quarterly, etc. Set up a budget approval process and workflows from within the system.

Click to Enlarge

Budget Templates

Generate study and site level budget templates for re-use across multiple projects. Create standard rate cards for assessments and apply to study budgets.

Click to Enlarge

Collaboration

Set-up budget approval workflows and process for internal as well as site level approvals.Budget management team can collaborate with sites in real-time to share draft and final budgets. Provide your sites the visibility to subject visit payment statuses.

Click to Enlarge

Reports & Dashboards

Robust reports and dashboards with metrics on budget tracking, accruals, forecast, variance and more. Complete oversight and control on all aspects of your study budget for timely and accurate decision making.

Invoicing

Generate payment packages, detailed invoices, view payment tracking history, and manage study and site level budgets with CTBM Solution.

Financial Forecast

Enhanced automation & tracking of projected and actual costs. Derive real-time visibility to enhance operational performance and improve ROI.

Integrations

Integration with EDC systems to automate site visit payments based on completed visits/ assessments, eCRF page completion status such as data entry complete, SDV etc. Integrate the CTBM solution with your financial/ accounting system for a smooth transition of clinical trial payments data.

Scalable

Built 100% on the Salesforce platform, CTBM solution is scalable for global clinical trial operations.

Automation

Automate the workflows and processes for your projects for maximum productivity. Simplify complex logics with a point-and-click configuration. Reduce time and effort with automated calculations and notifications and eliminate multiple manual processes.

Clinical Trial Budget Management

Meet your financial objectives, drive operational efficiency and collaborate real-time with all study stakeholders.

Clinical Trial Budget Management