Clinical Trials Dashboard for Pharmaceutical Companies

    What is a Clinical Trials Dashboard ? Clinical Trials Dashboards are considered program analysis tools and are used by executives and drug trial managers to monitor actual and planned program expenses and KPIs. Some of the main functionality in this type of dashboard is that it enables interactive analysis from four different perspectives, including: 1) Target versus actual cost per drug trial, 2) Target versus actual participants by drug trial, 3) Target versus actual hours by drug trial, 4) Target versus actual cost by status. You find an example of this type of dashboard below. Purpose of  Clinical Trials Dashboards Pharmaceutical companies use Drug Trial Dashboards to provide managers with essential actual and planning drug trial data in a format that is easy to consume. When used as part of good business practices in Financial Planning & Analysis (FP&A) and Clinical Trial departments, an organization can improve its drug trials and product strategies, and it can reduce the chances that there is lack of clarity in expenses and trial results. Example of a Clinical Trials Dashboard Here is an example of a Drug Trial Dashboard with actual and targeted cost and trial performance data. [caption id="" align="alignnone" width="2560"] Example of a Clinical Trial Dashboard for Pharmaceutical Companies  Example of a Clinical Trial Dashboard for Pharmaceutical Companies[/caption] You can find hundreds of additional examples here Who Uses This Type of Dashboard ? The typical users of this type of dashboard are: Executives, product managers, clinical trial managers. Other Reports Often Used in Conjunction with Drug Trial Dashboards Progressive Financial Planning & Analysis (FP&A) and Clinical Trial departments sometimes use several different Clinical Trial Dashboards, along with detailed program reports, product forecasts, multi-year budgets, KPI dashboards, expense dashboards, expense reports, detailed drug trial reports and other management and control tools. Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions. What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
    • Native ERP report writers and query tools
    • Spreadsheets (for example Microsoft Excel)
    • Corporate Performance Management (CPM) tools (for example Solver)
    • Dashboards (for example Microsoft Power BI and Tableau)
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