Auxilius

Auxilius develops R&D finance and accounting software purpose-built for biopharma companies. The platform addresses clinical trial budgeting, forecasting, and accrual management, replacing manual, spreadsheet-based processes with an integrated, automated workflow. Auxilius serves over 90 biopharma customers — ranging from emerging biotechs to top 20 pharma companies — and is trusted by all four of the Big Four audit firms.

The company was founded after extensive conversations with Chief Science Officers and CFOs who identified a gap between industry-agnostic financial tools and the operational complexity of clinical R&D. Auxilius pairs purpose-built software with an in-house team of clinical finance and accounting experts to deliver automation, accuracy, and audit-readiness across budgets, forecasts, and financial close processes.

Core Platform Modules

• Clinical + CMC Accruals: Automates R&D expense estimation by integrating real-time clinical data, invoices, vendor estimates, and team input. Features include one-click multi-source data ingestion, side-by-side expense source comparison, change order and protocol amendment management, and a single source of truth for R&D expense estimates.
• Investigator Spend Intelligence: Provides granular visibility into investigator grant costs by mapping coded patient visits and invoiceable procedures to site contracts. Supports EDC data ingestion and mapping, translation of clinical activity to contracted costs, use of predicted visits in place of lagging EDC data, and streamlined collaboration with clinical operations teams.
• Investigator Payments Reconciliation: Validates individual site transactions against clinical system data each quarter, achieving a match rate of up to 90%. Delivered as an outsourced service model, it covers CRO payments, site contracts, and EDC data mapping, with quarterly analyses and QA performed by clinical data experts.
• Close Automation: Organizes and streamlines the financial close process while strengthening SOX controls. Includes compliant close workflows and checklists, journal entry export mapping to the general ledger, exportable audit packages and audit logs, feature-level permissioning, and journal entry traceability and reproducibility.
• Dynamic Forecasting: Keeps study budgets current as trial conditions change, including protocol shifts, enrollment lags, and incoming change orders. Supports forecasting at the vendor or activity level, dynamic drivers such as timeline milestones and patient and site curves, study- and vendor-level budget versus actual and variance analysis, and change order management and processing.

Compliance and Security

• SOC 1 and SOC 2 compliant
• Supports 404a and 404b filers
• Exportable audit history and records of change
• User-based and feature-level permissioning
• Configurable approval workflows
• Third-party data corroboration
• Standardized processes and controls
• Single sign-on support
• Single-tenant environment
• Encrypted and secure infrastructure

Integrations and Deployment

• Auxilius integrates with existing clinical, financial, and accounting tools rather than replacing them, eliminating manual Excel-based processes in between systems.
• The platform provides a consolidated workflow and single source of truth by interfacing with tools customers already use across clinical operations and finance.
• Data ingestion covers EDC systems, CRO payment data, site contracts, invoices, and vendor estimates.

Customer Base and Market Presence

• Over 90 biopharma customers rely on the platform, collectively representing billions of dollars in R&D spend.
• Customers include both publicly traded companies and private biotechs, spanning emerging biotech to top 20 pharma.
• Named customers include Dynavax (DVAX), Fractyl Health (GUTS), TG Therapeutics (TGTX), Abcuro, PMV Pharma (PMVP), and Incendia Therapeutics.
• The platform is tested and trusted by all Big Four audit firms.

Team and Expertise

• Auxilius employs in-house clinical finance and accounting specialists, including CPAs and clinical data experts, who support customer implementations and ongoing platform use.
• Customer-facing roles include Business Analysts responsible for data mapping and ingestion, and Directors of Technical Accounting Success who oversee implementations.
• Leadership includes a CEO and Co-founder, President and COO, and dedicated VPs across Product, Engineering, Marketing, Partnerships, and People.

Auxilius positions itself as a solution to the operational and financial complexity that can affect clinical trials independently of scientific outcomes, with the stated goal of helping biopharma companies bring drugs to market more quickly and cost-effectively.