Self-service reporting helps the clinical trial cost management team improve efficiency and financial administration at F500 biopharmaceutical company
Problem
The client’s existing system for clinical trial payments was inefficient due to several reasons:
- The data quality was not satisfactory
- The team required technical support to access data and generate insights or reports
- Available manually generated reports were limited and non-standardized.
The client was looking for a self-service reporting solution that would empower the cost management team to oversee the portfolio in real-time and improve financial administration.
Solution
MResult designed an intelligent solution that was implemented without disrupting business continuity. The solution automated ETL layers and reporting to enable:
- Data quality checks to ensure accuracy
- Self-serve report generation and analysis which the cost management teams used to:
- Review the portfolio of clinical trials payments data in real-time
- Create timely, customized reports and analysis such as aging reports to identify invoices overdue for payments
- Reclaim payments with holdback logs and credit notes
- Identify and apply tax deductions for different kinds of payments.
Impact
Self-serve reporting of clinical trials payments built with drag and drop interfaces:
