Run every clinical trial from bid to bill in one system
We know that your work is complex. Bidding for trials, tracking units across every study, and keeping finance in sync with operations can get very complicated, very fast. We’re here to help.
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CRO accelerators, from bid to sponsor reporting
CLD built these extensions to Certinia PS Cloud for contract research organizations. Each one replaces a spreadsheet your project finance and operations teams maintain today.
Together they put units, pass-throughs, time, billing and ASC 606 full revenue recognition on one platform, so you can report across the whole portfolio without a separate BI tool.
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Bid
Bid import for project setup
Load the bid workbook into Salesforce, including planned units, resources, quantities, rates and pass-throughs, and create the project, budget and resource requests in one step.
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Setup
Project hierarchy
Structure related projects into a hierarchy so budgets, actuals and reporting roll up across a study or program, portfolio and region.
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Delivery
Unit tracking and forecasting
PMs update units completed and forecasted in the project unit tracker, and project analysts approve units for sponsor billing and revenue recognition. Forecasts drive resource requests automatically.
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Compliance
ASC 606 Full Revenue Recognition
Tie every unit to a performance obligation that automatically drives a revenue calculation. Build up services, pass-throughs, and grants into both a Direct 606 and Full 606 adjustment (with an audit trail).
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Project control
Overburn and underburn reporting
See which phases, units and roles are running over or under budget, and feed what you learn back into future bids.
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Change Orders
Price change reconciliation
When a change order changes unit prices, reconciliation billing for units already invoiced is calculated automatically.
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Reporting
Financial summary reports & sponsor reporting
Automate the monthly internal reporting & sponsor reports at global, region or project level, down to unit and item detail.
CLD demonstrated an understanding of how contract research organizations work.
CLD was recommended to us by Certinia (formerly FinancialForce), and we were impressed by their ability to help us understand the power of the platform. CLD demonstrated an understanding of how contract research organizations work (bidding for studies, tracking units delivered, recognizing revenue, creating internal reports, etc.)—and has helped us successfully implement Certinia including migration of several hundred active projects.
One system for every bid, unit, and invoice.
Spreadsheet trackers at this scale are time-consuming and error-prone, and one miscounted unit is work you delivered but never billed. It’s time to rethink how you manage your work.
- Bill every unit you deliver
- Close the month without rebuilding it in spreadsheets
- Give sponsors on-demand reporting they can trust
- Keep project, cost, and revenue data secure and auditable on the Salesforce platform
- See profitability by project, customer, and portfolio
- Turn delivered work into smarter future bids
- Add sites and sponsors without adding spreadsheets
See all 7 Accelerators in One Demo
Watch Bryan Krynitsky from CLD and David Hart from Certinia walk through a live demo, from importing a bid to automating the monthly sponsor report.
On-demand recording, hosted on certinia.com
