Solution - Auxilius

Unify your trial budgets

Manage vendor- and trial-level budgets against plan, digitally, in a platform designed to drive insight
Surface key contract terms and trial assumptions from burdensome legal documents – out of silos and at your fingertips for driving accountability and alignment
Reconcile budgets, accruals, invoices and payments to date across trials

Dynamically forecast and manage accruals

Leverage Auxilius’ data-driven forecast and accrual logic – customized to your trial specifics and manageable across multi-trial portfolios
Tie key trial expenses to underlying cost drivers at an activity level, from milestone to milestone, and by vendor
Track accuracy against actuals to improve methodologies and support audit readiness
Ensure capitalization for upcoming quarters, and provide accurate inputs for fundraising or investor reporting

Review and validate invoices across your vendors

Maintain a single platform for timely and precise invoice aggregation, review, and acceptance
Integrate and unify existing approval workflows in a single platform to ensure alignment across decision-makers on trial- and vendor-level spend
Validate invoices and flag off-plan costs with objective, third-party review of evidence across services, pass-through, and investigator fees
Connect and track trial-specific vendor spend with enterprise-level purchase orders

Manage and track change orders

Collaboratively manage change logs with vendors to stay aligned around the magnitude and impact of change in real-time
Uncover trends in unplanned costs early to mitigate the risk of budget creep and trial delay
Validate change orders with objective, third-party review
Pinpoint underlying drivers of change to inform intervention or incorporate trends into budget forecasts and timelines

Manage financial risk

Create goals and risk triggers to serve as trial guardrails, ensuring efficiency and accountability
Create goals manually or utilize historic trial data to define what ‘good looks like’ or to identify early predictors of risk
Identify financial risks early and raise with relevant stakeholders to address or internalize deviations from plan

Model scenarios and comparisons

Flex key cost drivers to understand the impact on trial cost and compare against “baseline budget”
Understand the impact of exceeding risk thresholds and planned timelines at both the line item and overall budget levels
Proactively model trial intervention (e.g. protocol change, add/close site, delayed timelines) without dependence on vendor inputs and vendor delays
Understand the trade-offs between cost, timing, and trial risk to ensure that any planned incremental spend meets ROI targets

Powerful features, right-sized for your biotech

Auxilius is a lightweight solution designed from the ground up for biotechs. We built a tool to deliver value at any stage of trial, rapidly — and without long or costly implementation. Our mission is to build software that gives small and emerging Sponsors best-in-class financial processes and controls.

Clinical trial FP&A software that scales