Thought leadership

Jen Kyle, CEO & Founder of Condor, and James Neal, Enterprise Business Applications Principal at BDO, present key principles in clinical accounting & forecasting.

As trials progress, finance teams must track service milestones, estimate unbilled services, and ensure accurate financial reporting. Getting this right is essential for compliance with U.S. Generally Accepted Accounting Principles (US GAAP) and for making sound business decisions.

Forecasting for clinical trials must be dynamic, and having an automated accruals platform can help align cost distributions with actual clinical drivers rather than relying on broad assumptions.

Here are best practices to enhance your partnership with CROs, reduce risk, and optimize your clinical trial finances.

In clinical trials, Contract Research Organizations (CROs) often request upfront deposits or retainers for various expenses. Large upfront payments are effectively interest-free loans to the CRO—it’s essential to manage them wisely.