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ClearTrial Selected to Provide Methodologies for Accurately Forecasting and Budgeting Clinical Spend and Integrated Financial Controls at CBI Conference
Date:2/8/2010

Two members of the ClearTrial clinical services team to present the critical processes that comprise a more accurate forecast and budget discipline across clinical development departments.

Chicago, IL (PRWEB) February 8, 2010 -- ClearTrial, the leading provider of Clinical Trial Operations (CTO) software, today announced that both Kristin Lucas and Kelly Larrabee, Clinical Services Directors at ClearTrial, have been selected to speak at the CBI Forecasting & Budgeting conference at the Marriott Courtyard Downtown in Philadelphia on February 8, 2010. Predictive modeling, expert project planning and tracking, outsourcing, re-forecasting, accruals and reporting are some of the critical processes they will address in order to provide a more accurate forecast and budget discipline.

Kelly Larrabee will explore the most commonly used forecasting and budgeting methodologies and models and discuss the pros and cons of each method. Attendees will learn what the most effective predictive models are and how they can be applied for more accurate forecasts and resource planning.

Attendees will discover:

 
  • Latest findings from a Tufts CSDD research report for assessing internal costs
  • Difference between benchmarking and Activity Based Costing models
  • Pros and cons for buying or building your own costing system
  • Proven techniques for accurately managing accruals based on when the work is performed.

Also at the conference, Kristin Lucas will introduce new Clinical Financial Best Practices guidelines and share industry best practice
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