Global recording of costing parameters

• One centrally stored catalogue of costing parameters
• Ensures consistency when costing projects for different users
• Avoids duplicate entry of costing parameters and values
• Eliminates the risk of inaccuracies with inevitable human errors
• Parameters can be overridden and changed where necessary

Clear Financial Forecast

• Input all income and expense data for each project
• Specify all Expense details accurately, for example the hourly rate for staff members
• Outcome at the end of the costing process is given, and clear indications of fiscal viability shown
• Management can effectively budget based on the results

Self-Service

• Users can simply log in and cost projects based on the existing parameters
• Users can also override costing data, as sometimes costs can also vary between departments
• Users can cost different phases of a project by using the multiple project arm feature

Reports

• Users/management can generate detail customisable reports
• Reports can be easily exported for presentation purposes
• Easy to keep an audit trail on existing projects

One single system

• Gives real-time viability view of a project
• One web based system - no infrastructure required
• All data stored in single repository

Benefits

• Improves efficiency by speeding up costing processes
• Minimal Infrastructure requirement
• Get real time viability view of any clinical trial
• No need to maintain multiple spreadsheets of costing data thus reducing likelihood of errors.