A number of solutions are being built to manage day-to-day clinical trial activities. Most solution providers in the market claim to have a complete CTMS solution, however, not all solutions have end-to-end features. A checklist for systematic assessment of the available CTMS solutions prior to investment is essential. Most importantly, CTMS will be used to manage sensitive medical data for clinical research and have to be able to meet the ever-changing and evolving regulatory requirements. Hence, security and flexibility of the solutions are the most critical considerations.
✓ Prioritize your Organization Needs:
It is highly important to figure out what kind of CTMS the organization needs. If the organization is a Coordinating Site center for clinical trials a CTMS with the best patient recruitment solutions might be the right choice. If the organization is a CRO or a Sponsor, a comprehensive end-to-end solution with inbuilt clinical trial financial management is the right choice.
✓ Compare the Features and Compliance Readiness:
There are more than 20 different vendors in the market offering CTMS solutions. It is important to do online research and review and compare the CTMS features. It is also important to ask the right questions.
✓ Check Your Wallet:
The most important aspect is to decide how much the organization is ready to spend taking into account the Total Cost of Ownership (TCO). Different vendors price the products in various ways. It is important to check the prices on licenses as well as annual maintenance costs. A few vendors charge additional costs on data integrations, services and training. It is important to note the Capex and Opex impact of traditional On-premise solutions vs the Cloud solutions.
✓ Try it Yourself:
This is the best freebies the companies offer. Choosing the best-fit CTMS solution is analogous to the size of a dress in a showroom. Just as the size of a dress need not fit two individuals. It is important to do a trial of the solution to understand if the solution addresses the organization’s challenges.
✓ Develop Your Scorecard and buy the best One:
It is essential to develop a scorecard of the CTMS solutions to buy, as the vendors demonstrate their solutions. The scorecard can be developed on several metrics such as:
Cloudbyz chose the Salesforce.com platform, which is a leading Platform as a Service (PaaS) and has been adopted by thousands of organizations and millions of end users globally for its ease of use, scalability, flexibility and security.
Salesforce is built on a multi-tenant infrastructure, which means that apps are run on a shared data center, lowering costs and reducing the need to devote specific resources (time, money, and people) for maintenance. The Platform comes with a continuous cycle of innovation bringing new capabilities like modern user interface (Lightning), state-of-art Artificial Intelligence features (Einstein AI), Blockchain, etc that can be leveraged by all applications like Cloudbyz CTMS and its users to be at the cutting edge of innovation.
“The recent decision by Salesforce to acquire Tableau, might further enhance the incorporation of advanced analytics and visualization capabilities into the CTMS in the future.”