OVERVIEW
Save hundreds per proposal and win more business faster
Strategikon’s CORE solution revolutionizes costing and competitive benchmarking for clinical trial service providers by reducing proposal timelines from hundreds of hours to under one hour. With advanced costing algorithms, scenario flexibility, and seamless collaboration tools, organizations can streamline proposal generation, shorten timelines, and maximize win opportunities without sacrificing quality. Built for full-service and specialty CROs, CORE offers visibility into costs, supports 3rd-party management, and integrates with existing systems, delivering immediate efficiency, bid throughput, and increased win rates.
MARKET PROBLEM
Inefficiencies in Clinical Trial Benchmarking and Costing Processes
Reliance on Excel based costing methods & processes are fraught with challenges: complex, linked spreadsheets are prone to frequent errors, and compartmentalized data. This increases QC oversight, costs hindering accurate projections, and ultimately impacts CRO competitiveness and proposal win rates.
Time-Consuming Budget Creation
CROs spend a considerable amount of time and investment creating budgets using manual processes that delay proposal submission responses.
High Proposal Review Costs
Frequent formula errors, a limited ability to effectively use historical data and inefficient workflows result in costly review cycles and increased overhead for cost proposals teams.
Inaccurate Costing Tools
Reliance on linked spreadsheets create the opportunity for errors, missed deadlines, inaccurate budgets, and a lack of confidence in proposal submissions. Inability to justify budget based on accurate Fair Market Value.
Inefficient Resource Utilization
Manual processes and lack of automation hinder the ability to manage rate cards, allocate resources, and project costs efficiently, limiting growth potential.
BENEFITS
Streamline Clinical Trial Budgeting with Strategikon’s Advanced Costing Tools
Technology enhances clinical trial budgeting with faster processes, increased accuracy, and reduced costs. It empowers CROs to deliver smarter bids and manage resources effectively.
Faster Budget Creation
Generate accurate budgets in under an hour, significantly reducing proposal timelines and enabling quicker response to sponsor RFPs.
Enhanced Proposal Accuracy
Leverage automated tools and robust algorithms to eliminate errors and produce defensible, data-driven budgets for improved sponsor confidence.
Improved Resource Utilization
Optimize internal processes with centralized rate card management and cost algorithms, ensuring efficient resource allocation and reduced operational strain.
Smarter Scenario Modeling
Quickly create alternate budget scenarios to evaluate multiple options, enhancing decision-making and aligning proposals with sponsor needs.
CASE STUDY
Near-Perfect Budget Accuracy Achieved in Phase II CNS Trial
West-coast biotech does well!
2X
Faster from RFP to final budget
4 months
less time to source study compared to traditional tools
$800k
saved by enabling effective negotiations
Clinical Maestro streamlined RFP processes, improved due diligence, and enhanced decision-making.
Clinical Maestro streamlined RFP processes, improved due diligence, and enhanced decision-making.
West-coast biotech does well!
2X
Faster from RFP to final budget
4 months
less time to source study compared to traditional tools
$800k
saved by enabling effective negotiations
Mid-size Biopharma company
0%
variance achieved between CRO bids and Clinical Maestro-generated budgets for Phase I vaccine
2.25%
variance delivered by Clinical Maestro’s advanced algorithms for Phase II
+/-1.5%
accuracy achieved through refinements in cost models
Clinical Maestro enabled a biotech to deliver precise vaccine trial budgets, achieving great results with refined cost models
Clinical Maestro enabled a biotech to deliver precise vaccine trial budgets, achieving great results with refined cost models
Mid-size Biopharma company
0%
variance achieved between CRO bids and Clinical Maestro-generated budgets for Phase I vaccine
2.25%
variance delivered by Clinical Maestro’s advanced algorithms for Phase II
+/-1.5%
accuracy achieved through refinements in cost models
Leading Japanese Pharma Drives Budget Accuracy for Complex Oncology Study
3 hours
to build budgets and scenarios
12%
minimal variance between CRO bids and Clinical Maestro
4 scenarios
optimized for cost efficiency
PORTFOLIO enables accurate budgeting for high-complexity trials, reducing variances, enhancing efficiency, and optimizing CRO negotiations.
PORTFOLIO enables accurate budgeting for high-complexity trials, reducing variances, enhancing efficiency, and optimizing CRO negotiations.
Leading Japanese Pharma Drives Budget Accuracy for Complex Oncology Study
3 hours
to build budgets and scenarios
12%
minimal variance between CRO bids and Clinical Maestro
4 scenarios
optimized for cost efficiency
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.
Read more
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.
