Software manages clinical trials for pharmaceutical companies.
June 6, 2006 -
Clinical Trial Forecasting and Sample Optimization Blueprints help pharmaceutical companies coordinate financial and operational plans to improve resource allocation decisions. Clinical Trial Forecasting helps users anticipate clinical trial resource requirements and accompanying expenses in order to comply with FDA requirements, while Sample Optimization enables pharmaceutical executives to develop and implement sample allocation plans that are in line with corporate revenue objectives.
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
New Cognos Performance Solutions Target the Pharmaceuticals Sector
Clinical Trial Forecasting and Sample Optimization solutions help pharmaceutical companies coordinate financial and operational plans to improve resource allocation decisions -
BURLINGTON, Mass., May 3 / -- Cognos (Nasdaq: COGN; TSX: CSN), the world leader in business intelligence and performance management solutions, today announced the launch of two new performance solutions designed to help pharmaceutical companies improve clinical trials management and optimize sample distribution across the sales force to better meet corporate revenue targets.
Clinical trials represent one of the biggest direct-spend components in most pharmaceutical R&D budgets. The new Cognos Clinical Trial Forecasting Blueprint helps pharmaceutical companies better anticipate clinical trial resource requirements and accompanying expenses in order to comply with FDA filing requirements. Capitalizing on the robust multi-dimensional modeling and integrated workflow capabilities of Cognos 8 BI and the new Performance Blueprint, organizations can more accurately forecast, plan and manage trial expenses; recognize and correct under-performing clinical trials; consolidate all trials to facilitate enterprise-wide visibility and analysis; and drive greater accountability and control at each stage of the trial.
Another significant pain point for pharmaceutical companies is the inability to determine the right mix of sample resources to allocate to their sales force in order to meet overall prescription volume growth targets. The Cognos Sample Optimization Blueprint enables pharmaceutical executives to develop and implement sample allocation plans that are in line with corporate revenue objectives. By providing an automated and consistent vehicle to solicit input from all stakeholders -- including finance, sample administrators, brand managers, and operations managers -- the Blueprint helps organizations build optimal sample distribution strategies that take into account current market conditions, field level information, inventory plans, and other corporate goals.
Developed by the Cognos Innovation Center for Performance Management, the new Clinical Trial Forecasting and Sample Optimization Blueprints are targeted, pre-built data, process and policy models based on proven best-practices in pharmaceutical operations planning, budgeting and forecasting. These Blueprints equip customers with all of the necessary technology and process design choices, enabling them to synchronize and coordinate financial and operational plans in order to make better resource allocation decisions.
"High performance pharmaceutical companies require superior visibility and control of complex, mission critical processes like clinical trials and sample allocation planning in order to stay competitive in this fast paced industry," said Bill Stevens, senior director of life sciences solutions at Cognos. "CRM and ERP systems do not offer the right level of granularity to enable informed decision-making, and spreadsheets are not an option given how difficult it is to gain a consolidated view of information for cross-functional monitoring and planning. Our new Performance Blueprints offer best practice knowledge from the Cognos Innovation Center, together with best-in-class enterprise planning and business intelligence capabilities."
Clinical Trial Forecasting and Sample Optimization are the first in a series of life sciences-specific solutions planned by Cognos. To date, Cognos offers a full suite of Performance Blueprints that cover a wide spectrum of planning and performance management process areas, such as strategic financial planning and forecasting; sales planning and forecasting; workforce planning; expense planning; and capital expenditure planning. Cognos Performance Blueprints are a key component within the Cognos Performance Management System, which brings together technology, best practices, analytical applications and a broad network of partners into a single performance management solution.
Clinical Trial Forecasting and Sample Optimization Blueprints are available immediately to Cognos customers.
Cognos is a recognized leader in delivering performance management solutions for the pharmaceutical industry. Currently, 24 of the top 30 pharmaceutical firms rely on Cognos performance management software. Customers include Kos Pharmaceuticals, Novartis, Bayer UK, and Quintiles Transnational. For more information about Cognos solutions for pharmaceuticals, please visit http://www.cognos.com/solutions/indus... sciences/index.html
ABOUT THE COGNOS INNOVATION CENTER FOR PERFORMANCE MANAGEMENT:
The Cognos Innovation Center for Performance Management was established in June 2004 to advance the understanding of proven planning and performance management techniques, technologies and practices. Staffed by experts in planning, management, and technology, the Innovation Center partners with Cognos customers, academics, industry leaders, and others seeking to accelerate adoption, reduce risk, and maximize the impact of technology-enabled performance management practices. For more information, please visit: http://www.cognos.com/innovationcenter/
ABOUT COGNOS:
Cognos, the world leader in business intelligence and performance management solutions, provides world-class enterprise planning and BI software and services to help companies plan, understand and manage financial and operational performance.
Cognos brings together technology, analytical applications, best practices, and a broad network of partners to give customers a complete performance system. The Cognos performance system is an open and adaptive solution that leverages an organization's ERP, packaged applications, and database investments. It gives customers the ability to answer the questions -- How are we doing? Why are we on or off track? What should we do about it? -- and enables them to understand and monitor current performance while planning future business strategies.
Cognos serves more than 23,000 customers in more than 135 countries, and its top 100 enterprise customers consistently outperform market indexes. Cognos performance management solutions and services are also available from more than 3,000 worldwide partners and resellers. For more information, visit the Cognos Web site at http://www.cognos.com/.
Cognos and the Cognos logo are trademarks or registered trademarks of Cognos Incorporated in the United States and/or other countries. All other names are trademarks or registered trademarks of their respective companies.
Media Contacts:
David DeRosa
Cognos, 613-738-1338 ext. 3317
david.derosa@cognos.com
Marketing:
David DeRosa
USA
Phone: 613-738-1338 ext 3317 E-mail this person
Public Relations:
Lois Paul & Partners, LLC
Kristen Orfanos
USA
Phone: 781-782-5852 E-mail this person Company Information: Name: Cognos Corp. Address: 67 S. Bedford St. City: Burlington State: MA ZIP: 01803 Country: USA Phone: 703-448-8218
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