Accelerate Innovation and Improve Decision-Making with Infovity’s Prebuilt Performance Management Solution for Life Sciences
Legacy FP&A solutions negatively impact life-saving clinical trials, impede innovation, and slow patient care delivery. These outdated systems also wreak havoc on teams reconciling the cost of clinical trials, marketing, commercialization, research, development, and general administration expenses with revenue projections. That’s why BioTech CFOs are increasingly modernizing infrastructure with Oracle Cloud EPM and partnering with Infovity.
Benefits of Using Oracle Cloud EPM + Infovity
Advanced Analytics
Executive analytic tools for Research & Development, General & Administrative, and Marketing & Commercialization expenses
Project-based R&D
Conduct what-if R&D budgets by various clinical trial projects and gain visibility into actual spend vs. budget
Clinical Trial Tracking
Includes projecting startup costs, patient enrollment costs, costs associated with final CSR submission to FDA, and more
Revenue Scenarios
Revenue scenarios for research, collaboration, and milestone revenue
Vendor Management
Model vendor-level OPEX analysis to budget vendor expenses
Forecasting tools
Tools to adjust and prepare monthly rolling forecasts