Applied Analytix works
in partnership with:
  

Applied Analytix has developed a solution for expense forecasting in the BioPharma industry that is based on our many years of expertise with IBM Cognos TM1, and our experience in working with several life sciences companies. We understand the issues that are unique to the industry, including the need for a quick implementation and deployment of a new operational system.

Our solution is a driver-based model for predicting patient costs by group and by visit, which is only possible because of the structural power of Cognos TM1. Some of the features of the model include:

• Waterfall variable cost forecasting that allows variable costs to fluctuate as drivers change
  
  
• Flexible forecasting that incorporates patient screen failures and drops between visits
  
  
• The ability to track clinical trial costs by region, and vary drivers by region
  
  
• An instant connection between Operational Cost forecasts and Financial forecasts
  
  
• A pre-configured data model to facilitate rapid time-to-value

Utilizing our Cognos TM1-based solution allows clients to change parameters quickly and see the results instantly. If enrollment levels drop, or a cost in a particular location changes, corrections can be made on the fly and the bottom-line results appear instantly. A Clinical Trial or Finance manager can generate the driver-based forecast quickly and efficiently. What's more, clinical trial expense forecasts can be incorporated into a company's overall operating cost budget, giving a clearer picture of current financial conditions.