Grant Navigator & Project Accounting Systems

Automatically calculate earning for sites and vendors at a touch of a button thanks to integrated clinical and financial systems. Save costs by spending less time on laborious reconciliations and by preventing overpayment. Benchmark your budget against industry norms and perform multi-scenario analyses in days.

Product Review

The Project Accounting System ensures that the success of clinical research is measured by financial outcomes in addition to scientific ones. All cost related activities can be linked to the clinical budget, financial reporting and invoicing, allowing real-time project P&L statements, percentage of completion reporting, automated review of supplier invoices and payments with audit trails, etc. The Investigator Grant Navigator dynamically generates accruals for sites without requiring an invoice – it is based purely on data from completed procedures being received and QCed. It can also project costs for different enrollment scenarios to provide visibility on potential worst-case or best-case figures. Site template budgets can be uploaded and modified according to each site negotiation, all while tracking reimbursable costs. Patented tools can also benchmark clinical trial assumptions and costs against a vast library of industry pricing to validate the projected budget and to standardize, normalize and equalize the varying bids from venders for a vital “apples-to-apples” comparison.

The Project Accounting System ensures that the success of clinical research is measured by financial outcomes in addition to scientific ones. All cost related activities can be linked to the clinical budget, financial reporting and invoicing, allowing real-time project P&L statements,... More

The Project Accounting System ensures that the success of clinical research is measured by financial outcomes in addition to scientific ones. All cost related activities can be linked to the clinical budget, financial reporting and invoicing, allowing real-time project P&L statements, percentage of completion reporting, automated review of supplier invoices and payments with audit trails, etc. The Investigator Grant Navigator dynamically generates accruals for sites without requiring an invoice – it is based purely on data from completed procedures being received and QCed. It can also project costs for different enrollment scenarios to provide visibility on potential worst-case or best-case figures. Site template budgets can be uploaded and modified according to each site negotiation, all while tracking reimbursable costs. Patented tools can also benchmark clinical trial assumptions and costs against a vast library of industry pricing to validate the projected budget and to standardize, normalize and equalize the varying bids from venders for a vital “apples-to-apples” comparison. Less

Product Features

Automate Investigator Payments

Comparing and reconciling site invoices with data received ensures you are paying only for work completed but can be manual labor intensive. Prevail ties receipt of data on procedures performed with their appropriate... More

Comparing and reconciling site invoices with data received ensures you are paying only for work completed but can be manual labor intensive. Prevail ties receipt of data on procedures performed with their appropriate unit or visit cost to automatically calculate accruals for sites, improving accuracy, timeliness and preventing overpayment. Less

Comparing and reconciling site invoices with data received ensures you are paying only for work completed but can be manual labor intensive. Prevail ties receipt of data on procedures performed with their appropriate unit or visit cost to automatically calculate accruals for sites, improving accuracy, timeliness and preventing overpayment.

Incentivize Enrollment & Data Entry

Timely and more frequent site payments reward and promote sites that produce results. Also, programmatically tying payment to data entry leads to more timely data gathering which gives you visibility sooner.

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Timely and more frequent site payments reward and promote sites that produce results. Also, programmatically tying payment to data entry leads to more timely data gathering which gives you visibility sooner.

Percentage of Completion/Accrual Reports

Track budgets versus actuals or accruals versus invoices with automation by tying unit costs to clinical data being collected. Beside saving money and allowing for earned value management, tracking any partner’s... More

Track budgets versus actuals or accruals versus invoices with automation by tying unit costs to clinical data being collected. Beside saving money and allowing for earned value management, tracking any partner’s cost-overruns can also be another way to identify an operational issue or inefficiencies in a project. Less

Track budgets versus actuals or accruals versus invoices with automation by tying unit costs to clinical data being collected. Beside saving money and allowing for earned value management, tracking any partner’s cost-overruns can also be another way to identify an operational issue or inefficiencies in a project.

Multi-Scenario Planning

Site costs can vary significantly, particularly with KOLs, so projecting enrollment across a variety of different budgets can prepare you for all eventualities. The benchmarking library can also help financially... More

Site costs can vary significantly, particularly with KOLs, so projecting enrollment across a variety of different budgets can prepare you for all eventualities. The benchmarking library can also help financially forecast multiple study designs, enrollment scenarios or even entire programs. Less

Site costs can vary significantly, particularly with KOLs, so projecting enrollment across a variety of different budgets can prepare you for all eventualities. The benchmarking library can also help financially forecast multiple study designs, enrollment scenarios or even entire programs.

Integrate & Export

Project accounting and financial tracking systems without integration are no better than static excel documents. The Prevail Project Accounting System integrates with clinical and third-party databases for automated... More

Project accounting and financial tracking systems without integration are no better than static excel documents. The Prevail Project Accounting System integrates with clinical and third-party databases for automated reconciliations and allow exports for ERP or accounting systems and SOX reporting. Less

Project accounting and financial tracking systems without integration are no better than static excel documents. The Prevail Project Accounting System integrates with clinical and third-party databases for automated reconciliations and allow exports for ERP or accounting systems and SOX reporting.

Site Budget Tracking

Manage site budgets by patient, by visit or by procedure and automatically calculate overhead while incorporating start-up, IRB or other fixed costs. Items can be assigned to Standard of Care or tracked as Reimbursable... More

Manage site budgets by patient, by visit or by procedure and automatically calculate overhead while incorporating start-up, IRB or other fixed costs. Items can be assigned to Standard of Care or tracked as Reimbursable and multiple currencies can be managed simultaneously. Less

Manage site budgets by patient, by visit or by procedure and automatically calculate overhead while incorporating start-up, IRB or other fixed costs. Items can be assigned to Standard of Care or tracked as Reimbursable and multiple currencies can be managed simultaneously.

Benchmarking and Vendor Analysis

Industry pricing information can be used to forecast upcoming study costs or to compare bids to an objective industry average. Patented tools allow for standardization, normalization and equalization of vendors costs... More

Industry pricing information can be used to forecast upcoming study costs or to compare bids to an objective industry average. Patented tools allow for standardization, normalization and equalization of vendors costs to enable apples-to-apples analyses. Less

Industry pricing information can be used to forecast upcoming study costs or to compare bids to an objective industry average. Patented tools allow for standardization, normalization and equalization of vendors costs to enable apples-to-apples analyses.

See Prevail's Grant Navigator & Project Accounting Systems at work

Prevail's Grant Navigator & Project Accounting Systems can be implemented with The Single Interface™ for use in various industries. See how it works with these customers.

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