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Company description

Trialytix is a software platform for budgeting and cost management of clinical trials, with AI-supported workflow automation built into its core modules. The platform is designed for life science companies of varying sizes — from startups to established market leaders — including pharmaceutical and biotech companies, contract research organisations (CROs), and academic research institutions.

The company positions its offering as a budgeting and cost-controlling-focused clinical trial management system (CTMS), developed in collaboration with experts in pharma, CROs, and academic research. Trialytix cites industry data indicating that 80% of trials finish behind schedule, 76% require amendments, 84% of organisations cannot prepare budget estimates in under a week, and 22% of Phase III trials fail for budget-related reasons — framing these as the core problems its platform addresses.

Core Product Modules

• Budgeting: Algorithm-powered budget and proposal calculation, covering the initial drafting of clinical trial budgets and cost proposals.
• Budget Controlling: Provides deep insights into clinical trial budgets and cost performance, enabling monitoring of financial indicators in real time.
• Study Oversight: Real-time monitoring of study milestones and tasks, supporting operational visibility across the trial lifecycle.
• Accounting: Tracks study-related invoices, payments, and pass-through costs within the same platform.

Key Capabilities

• AI Workflow Automation: AI agents are used to eliminate manual, error-prone workflows and to connect external data sources to the Trialytix platform.
• Data-driven Decision Support: Real-time data and forecasting tools are provided to support decisions on dynamic, evolving studies.
• Cost Optimisation: The platform aims to surface hidden costs and improve profitability by preventing budgets from going off-course early in the trial lifecycle.
• Analytics: Study performance metrics and financial indicators are analysed in real time, with AI-powered reporting capabilities.
• All-in-One Management: Budgets, proposals, amendments, and cost control are managed within a single system.

Target Customer Segments

• Pharma and Biotech companies: Centralising financial operations and obtaining full transparency on expenditures and payments.
• Clinical Research Organisations (CROs): Driving performance and profitability with financial insights across departments and studies. Customers include Acromion GmbH and Forschungsdock CRO.
• Academic Research institutions: Creating financial awareness across organisations and managing budgets across multiple concurrent projects.

Additional Resources and Tools

• A free downloadable Excel-based clinical trial budget template, described as designed by experts for real-world complexity.
• An ROI Calculator tool that estimates potential time and cost savings from adopting the platform.
• Free product tours and demo bookings are available for prospective customers.

Trialytix describes its platform as built on experience in both clinical research and enterprise software, and covers the full clinical trial lifecycle from initial budget drafting through to study completion.

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Software attributed to Trialytix

• BudgetingView
• Budget ControllingView
• Study-OversightView
• AccountingView

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