What is a Clinical Trials Dashboard?
ClinicalÂ Trials Dashboards are considered program analysis tools and are used by executives and drug trial managers to monitor actual and planned program expenses and KPIs. Some of the main functionality in this type of dashboard is that it enables interactive analysis from four different perspectives, including: 1) Target versus actual cost per drug trial, 2) Target versus actual participants by drug trial, 3) Target versus actual hours by drug trial, 4) Target versus actual cost by status. You find an example of this type of dashboard below.
Purpose ofÂ Clinical Trials Dashboards
Pharmaceutical companies use Drug Trial Dashboards to provide managers with essential actual and planning drug trial data in a format that is easy to consume. When used as part of good business practices in Financial Planning & Analysis (FP&A) and Clinical Trial departments, an organization can improve its drugÂ trials and product strategies, and it can reduce the chances that there is lack of clarity in expenses and trial results.
Example of a Clinical Trials Dashboard
Here is an example of a Drug Trial Dashboard with actual and targeted cost and trial performance data.
You can find hundreds of additional examples here
Who Uses This Type of Dashboard?
The typical users of this type of dashboard are: Executives, product managers, clinical trial managers.
Other Reports Often Used in Conjunction with Drug Trial Dashboards
Progressive Financial Planning & Analysis (FP&A) and Clinical Trial departments sometimes use several different ClinicalÂ Trial Dashboards, along with detailed program reports, product forecasts, multi-year budgets, KPI dashboards, expense dashboards, expense reports, detailed drug trial reports and other management and control tools.
Where Does the Data for Analysis Originate From?
The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.
In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards?
Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
Corporate Performance Management (CPM) Cloud Solutions and More Examples
- View 100â€™s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- View a Pharmaceutical Industry white paper and other industry-specific information here
- See how reports are designed in a modern report writer using a cloud-connected Excel add-in writer
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards