ClearTrial Extends Market Leadership with ClearTrial 4
Major new release combines ClearTrial's intuitive, purpose-built software with the benefits of an extensible clinical platform, enabling precise alignment with unique study requirements and business processes
Summit for Clinical Operations Executives (SCOPE) Conference, MIAMI, FL - February 8, 2011
ClearTrial, the leading provider of software for the planning, forecasting, and tracking of clinical project and financial performance, today launched ClearTrial 4, a major upgrade to the company's award-winning product line. ClearTrial 4 includes powerful new features that dramatically enhance the way that biopharmaceutical and medical device companies plan, source and track clinical trials. The innovative new release includes ClearTrial Task Manager, a major feature which enables organizations to add their own tasks and algorithms extending the ClearTrial Work Breakdown Structure (WBS) to more precisely align with their unique study requirements and business processes.
"ClearTrial 4 with Task Manager really offers our customers the best of both worlds," observed Andrew Grygiel, Vice President of Marketing and Product Management for ClearTrial. "Our customers appreciate the speed and accuracy of ClearTrial out of the box, yet many have also developed innovative practices based on their own clinical experience and expertise. ClearTrial Task Manager allows these companies to combine both as they see fit, for even greater speed, accuracy and flexibility in study planning, forecasting, and tracking."
How ClearTrial Task Manager Works
ClearTrial Task Manager takes advantage of the software's activity-based costing methodology, which is widely used in industries that have long faced cost and resource pressure. Sometimes referred to as a bottom-up or project-management approach, activity-based costing begins by predicting the level of effort for a specific resource (person) to perform a given task (activity). The level of effort is calculated based on an algorithm that has been derived from deep experience and analysis of the cost and time drivers that affect each task.
ClearTrial algorithms are based on extensive, independent, and continuously updated research into clinical study cost and time drivers. Based on this research, all the tasks and subtasks that comprise a clinical study are defined and grouped in a way that helps organize and define the total work scope of the project - the ClearTrial Work Breakdown Structure. Transparent to users, it is this Work Breakdown Structure running in the background that allows ClearTrial customers to conduct fast and accurate study planning simply by entering their clinical assumptions into the software.
ClearTrial Task Manager provides an easy-to-navigate view of the tasks and subtasks comprising their current Work Breakdown Structure. Taking a "wizard"-style approach, ClearTrial Task Manager allows users to add, delete, or edit tasks - as well as their related resources and level-of-effort algorithms -- with a few clicks of a mouse. For example, a drop-down menu lists more than 20 drivers, such as site, location, or CRF pages that can be used to drive costs for a clinical study task.
"We're pleased to offer this important new capability to our customers and to the industry," added Grygiel. "It reaffirms ClearTrial's leadership role in developing clinical software that lets life sciences companies compress study timelines while reducing study risks, helping to overcome a challenging operating environment."
About ClearTrial®
ClearTrial is the leading provider of Clinical Trial Operations (CTO) software, an integrated system for clinical operations planning, forecasting, outsourcing, and project tracking. ClearTrial's award-winning software helps life sciences companies streamline their clinical operations from Plan to PaymentTM without sacrificing quality of results, providing executives and functional leaders in clinical operations, resource planning, finance, outsourcing, and project management with a common platform that promotes speed, accuracy, and consistency throughout the organization. For more information visit http://www.cleartrial.com.
ClearTrial® and the ClearTrial logo are registered trademarks owned by ClearTrial, LLC, which may be registered in certain jurisdictions. Any other company or product names mentioned in this release are hereby acknowledged as registered trademarks or trademarks of their respective owners.