Clinical trial expense management

While supporting our life sciences clients, we’ve seen firsthand the challenges of managing clinical trial expenses. Our clients have said the process is:

• A high-risk area for auditors
• Manual, Excel-based and often lacks connections between finance and clinical operations
• Challenging to forecast due to the uniqueness of clinical trials and inevitability of change orders

Informed by first-hand experience working with clinical research organizations and biopharmas, RSM’s clinical trial expense management solution merges our industry experience with optimized processes and advanced technology to alleviate complex back-office burdens, drive finance transformation and enable business success.

RSM can be your one-stop provider covering all phases of the life sciences company life cycle, from drug discovery to post-commercialization, offering technical accounting, management consulting, risk advisory and technology consulting.

Our team follows a collaborative and phased approach, with ongoing two-way communication, to implement and optimize the clinical trial expense management solution and provide the client support needed to ensure a smooth service transition. 

Our methodology:

• Enables human capital resources to be deployed on value-added initiatives 
• Provides a defensible audit trail for management’s estimates
• Streamlines an efficient and consistent clinical trial expense management solution across the enterprise
• Allows you to grow and evolve at any speed due to the platform’s flexibility and scalability
• Improves speed to close while providing better visibility into clinical spend