Auxilius offers clinical trial financial management software specifically designed for biopharma, enabling teams to manage study budgets, forecasts, and accruals with data-driven insights. The platform replaces traditional spreadsheet methods, enhancing financial accuracy and compliance while streamlining the financial close process for clinical research.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Biopharmaceutical companies often rely on manual, spreadsheet-based processes for managing the complex financial aspects of clinical trials, leading to inaccuracies, inefficiencies, and compliance risks. These traditional methods struggle to handle the dynamic nature of clinical trial budgets, forecasts, and accruals, hindering effective financial oversight.
Solution
Auxilius provides a software platform designed to streamline and automate clinical trial financial management for biopharma companies. The platform offers integrated solutions for study budgeting, dynamic forecasting, clinical and CMC close automation, and investigator spend intelligence. By centralizing financial data and workflows, Auxilius enables teams to manage study budgets, forecasts, and accruals with greater accuracy and data-driven insights. The system replaces error-prone spreadsheets with a scalable, compliant solution that enhances financial transparency and accelerates the financial close process.
Target Audience
The primary target audience includes biopharmaceutical companies, ranging from emerging biotechs to publicly traded organizations, specifically R&D finance and accounting teams involved in clinical trials.
Features
- Study Budgeting and Dynamic Forecasting: Leverages clinical drivers to maintain up-to-date study budgets and plan future financial needs.
- Clinical & CMC Close Automation: Accelerates period close with data-driven accrual estimates and compliant workflows.
- Investigator Spend Intelligence: Translates clinical data into accrual estimations, reforecasting, and validation of site payments.
- Real-time budget tracking and variance analysis
- Audit-ready financial processes and reporting