DATA TROVE FOR SERVICE PROVIDERS
Every Data Point Unlocks Critical Business
Data Trove™: Anonymized Clinical Study Budget Data for Benchmarking Excellence
MARKET PROBLEM
Transform Clinical Trial Budgeting with Data Trove Benchmarking Power
Current clinical trial budgeting processes rely heavily on manual methods, outdated data, and limited cost transparency, which results in inaccurate budget forecasting, increased change orders, and inefficient vendor negotiations. Without real-time benchmarking tools, sponsors struggle to ensure market-aligned pricing and proactive cost management throughout clinical trials.
Inaccurate Budget Predictions
In absence of market intelligence, how is your Finance or Clinical Operations team predicting the cost of an upcoming trial or estimated the ultimate budget of your ongoing study? Relying on your company’s historical records produces incomplete and error prone estimates because the data set is either too small, or too difficult to access- and often time both. When the order of magnitude of a clinical trial is measured in millions, Sponsor can’t afford to rely on costly guestimates.
Limited Vendor Transparency
Service Provider proposals often lack detailed cost breakdowns, leaving sponsors to guess if they’re truly getting market and protocol-aligned pricing, increasing negotiation difficulties and financial risks. Benchmarking connects both operational and cost data which are needed to eliminate the blind spots from proposal due diligence.
Manual, Error-Prone Processes
Many organizations rely only on spreadsheets and manual data entry for tracking budgets and conducting bid due diligence, resulting in errors, inefficiencies, and a lack of real-time insights for critical decision-making.
Reactive Cost Control
Both Sponsors and CROs are challenged with maintaining existing budgeting tools, that require periodic reviews and algorithm updates. In the absence of benchmark data for assumptions and effort levels, the updating effort lacks both market insights and accuracy.
OVERVIEW
Industry’s Largest Service Cost Benchmarking Databank- at Your Fingertips
Data Trove leverages every sourcing event and contract as a datapoint to gain insights into clinical trial execution costs. Using AI/ML, it transforms historical records into a powerful benchmarking database, enhancing precision in planning, negotiation, and cost prediction.
Transform Historical Data
Convert your past records, PDFs, and spreadsheets into actionable digital intelligence.
Industry-Wide Benchmarking
Access a comprehensive database to compare and predict trial execution costs accurately.
AI-Powered Cost Precision
Utilize AI/ML methodologies to enhance budgeting accuracy and strategic decision-making.
BENEFITS
Enhance Study Budgeting with Clinical Maestro Data Trove Insights
Clinical Maestro’s Data Trove empowers you with accurate, benchmarking, ensuring market-aligned pricing for streamlined clinical trial outsourcing.
Accurate Budget Predictions
Data Trove delivers anonymized clinical trial bid data, combined with your own historical data records enabling precise budget creation. This minimizes guesswork, reduces change orders, and ensures project costs align with market expectations.
Market-Aligned Pricing
Leverage industry-wide service cost benchmarking to ensure your clinical study budgets reflect competitive, up-to-date rates.
Data-Driven Negotiations with Sponsors
Access comprehensive cost insights to strengthen CRO contract negotiations, enabling more informed decisions that lead to better terms and cost savings.
WHY CHOOSE US
Artificial Intelligence Drives Benchmarking Intelligence
Clinical Maestro’s Data Trove leverages AI/ML to extract, digitize, standardize and transform your historical data intelligence into the industry’s largest and most comprehensive benchmarking databank for clinical services. By connecting market level effort bands, resource allocations rate cards and proprietary algorithms for thousands of clinical service activities, Data Trove redefines the concept of pricing and pricing analytics.
Market Data
Data Trove fuels PORTFOLIO modeling engine with market intelligence on clinical trial service pricing.
Historical Data Gold
Leverage proprietary AI/ML engine to awaken to turn your formant historical data into actionable insights
Comprehensive Analytics
Access intelligence that matches your protocol drivers for the ultimate accuracy in cost prediction
RESOURCES
Explore Expert Insights and Resources for Clinical Excellence
Webinars
Technology for Fast, Accurate Planning and Budgeting
Leading biopharmaceutical sponsors trust PORTFOLIO for pipeline planning and budgeting with superior results and reported more than 10x Return on Investment.
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Blogs
Driving Customer Success Through Governance: Transforming Pharma Vendor Management with AI Innovation
Effective vendor governance is essential to ensure operational success, cost efficiency, and regulatory compliance.
Read more
Case Studies
Streamlining Vendor Management: How a Leading Biopharma Company Found Success
Read more
DEMO
Request a demo
Discover how Strategikon’s advanced solutions can streamline your clinical trial operations. Request a personalized demo to explore how our tools transform budgeting, vendor management, and outsourcing efficiency for pharma and biotech.
