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Enable cross-functional collaboration and accelerate your product lifecycle with a cloud-based platform for innovation
Design Process and Quality System Development Tools in Product Lifecycle
Get full visibility over your product design processes and make collaboration easy to get your products to market faster, compliantly
Design Quality: Connecting Design to Documentation
Transform customer complaints to valuable sources of insights for continuous improvement through smart automations and integrated regulatory reporting
Challenges with Triage and Investigation in Complaints Management Process
Say goodbye to paper! Modernize your processes with connected document, training, and change management
Manufacturing Challenges and Industry Trends Towards Digital Transformation
Transform quality into an enabler: boost efficiency, increase satisfaction, and trim costs with a fully connected, AI-powered quality management solution
Frost Radar for Quality Management Systems Names ComplianceQuest Leader
Enable risk-based thinking throughout your quality processes with a fully integrated risk management solution
Automation of the Risk Management Lifecycle with AI and Analytics
Increase supplier performance, reduce costs, and streamline your supply chain with integrated supplier quality and collaboration tools
The Ultimate Guide to Next-Generation Supplier Management [e-Book]
Identify and minimize safety events. Prevent accidents, safeguard workers, and ensure their well-being and health
Safety Essentials: Key ‘Must-have’ Components for Safety Management at Any Enterprise
Proactively and accurately monitor and measure your company’s impact on the environment to improve performance and reach your environmental and sustainability targets
Environmental & Sustainability Management
Electronic and Automated Approach to Audit Management
Managing the Tools of the Trade
Manage Operational Risk Tracking, Evaluation, Mitigation and monitoring
Leveraging CAPA for Continuous Improvement
Ensure your laboratory is compliant with systematic and efficient laboratory investigations
Incident Reporting and Management
Organization, Collaboration and Governance for Efficient Changes
Conduct smart management review meetings with a tower of data to improve your quality and safety systems
Gain 360 degree vision into enterprise wide Safety risks
Enhance Safety and Compliance with Smarter Chemical Management
Ensuring Quality across Departments & Locations
Partner With Suppliers And Vendors To Improve Quality And Safety
Create Loyalty by Addressing Customer Complaints Smartly
Bring Consistency to Permit Practices
Make it easy for your people to manage, track and analyze environmental and sustainability metrics
Bring higher quality products to market quicker with design controls, projects & DHF
Streamline Permit Management and Ensure Compliance
When Learning Propels Organizational Growth
Improve efficiency, productivity, and compliance with a solution designed for today's diverse workforce learning styles
Strategically manage the complete lifecycle of your product
Efficient Waste Management for Compliance & Sustainability
Relevant Information within reach - Always.
Assuring Quality Products and Services
ComplianceQuest covers the whole spectrum of customers, industries and regions across the world. Whether it is a small, medium or enterprise sized manufacturer, companies choose ComplianceQuest for its end-to-end Product Lifecycle, Quality, Safety and Supplier Management Solutions.
Leveraging AI to Create a Safer Workplace Environment
Why an EHS Solution Built on Salesforce Works Better Than One Built on AWS or Azure
Humans: The Real Superheroes of Artificial Intelligence (AI) in Quality Management
ComplianceQuest Medical Devices QMS Success Stories eBook
Complaint Handling Process for MedTech and Life Science Companies
Audit Management
Aphria (now Tilray) CIO talks about their implementation of ComplianceQuest, Rootstock and Salesforce
Unlocking the Value of Complaints
Why You Need to Digitally Transform Your QMS
The Ultimate Guide to ISO/IEC 17025:2017 Compliance
Safety Technology Trends to Watch in 2023 (Infographic)
Data-driven Safety – Strategic Resources for Monitoring of Key Performance Indicators
American Society of Quality Lean Six Sigma Conference
23 Feb, 2025
Phoenix, AZ
Transform to a fully connected business with a next-generation AI-powered Product Lifecycle, Quality, Safety, and Supplier management platform, built on Salesforce.
Our connected suite of solutions helps businesses of all sizes increase product, quality, safety, and supplier as they bring their products from concept to customer success.
Where Your Career Takes Flight: Join our dynamic team and be part of an innovative, collaborative and rewarding workplace culture.
Impact Through Action: How the ComplianceQuest team supports social causes and community engagement
The Pulse of ComplienceQuest: Our newsroom shares stories of innovation, progress, and change
Stronger Together: How our partnerships drive success and innovation
Key Highlights
Bringing a new drug to the market is an expensive affair. Here is some data to ponder over: it costs $2.6 billion on average to develop new drugs, less than 12% drugs enter clinical development and the whole process can take 10 to 15 years from discovery to launch.
Though the number of new drugs being introduced every year has gone up, with an average of 50 approvals annually, the ROI is declining.
Clinical trials are a crucial part of drug development as they demonstrate the safety and efficacy of a new drug, improve the capabilities of a known drug, establish superiority among similar drugs, etc. According to a Business Wire report, the global clinical trials market size is expected to grow at a CAGR of 5.7% from 2021 to 2028 to reach USD 69.5 billion by 2028.
Clinical trial budgeting plays a pivotal role in meeting financial objectives and driving operational efficiency for the following reasons:
Budget management is critical for clinical trial planning and execution and must ideally address two key objectives:
A centralized automated solution to handle budgeting aspects such as billing and administrative functions is becoming important to increase productivity and ROI.
At ComplianceQuest, we recently published a whitepaper on why automation of the Clinical Budget Management Process will really help. The paper covers several important topics including best practices, common challenges in budgeting and how to streamline collaboration among various stakeholders.
Budgeting done through spreadsheets is tedious, especially when reconciliating all the budgets for different trials and multiple sites. Delay in timelines is largely due to the lack of a standard template followed for budgeting. Payments and receipts that are generated manually can cause a mismatch in the amounts leading to rework for the billing staff.
Budgeting for clinical trials can be a complex process with a lot of unknowns and variations that need to be properly accounted for and managed as assumptions. The following are the top challenges in the budgeting process for clinical trials:
CQ Clinical Budget Management solution is an integrated, end-to-end solution to help all the stakeholders, sponsors, CROs and sites gain visibility, control and flexibility across clinical trial projects. The solution helps in accelerating study budget management with a high level of accuracy with a faster cycle time. Budget management is based on activity-based planning with the ability to define budget templates based on in-house research, outsourced or both and also support study-specific or site-specific budgets.
Budget definition, forecasting and tracking are made easy to use and flexible to handle various scenarios. The activity-based costing model lets you define costs at study or site level tasks and procedures. The solution also enables auto-creation of payables and receivables for real-time visibility on actual costs as and when the events/tasks are completed at both the study or site level. CQ Clinical Budget Management solution provides the option to manage miscellaneous costs which could be incurred anytime during the trial.
The budget created can be easily shared, submitted, reviewed and approved by any assigned authority, with an ability to set up process flows and an approval process with simple point-and-click steps. The solution provides complete audit tracking capability for compliance with details like what fields were changed on what date and by whom and so on.
CQ Investigator Portal, a single platform accessible anytime, anywhere and on any device, provides investigators and sites with easy access to budget and payment data for real-time collaboration.
A comprehensive solution for managing clinical trial budgets at every level, find out how the ComplianceQuest Budget Management solution can help you manage your clinical trial budgets better.
To know more about CQ Clinical Budget Management solution, contact us now:https://www.compliancequest.com/online-demo/
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