Accounting Suite

The Condor Accounting Suite is a financial management platform built specifically for biopharma R&D accounting teams. It brings together automated accruals, AI-guided close workflows, and CRO variance detection in a single system, giving accounting, finance, and study teams a shared, real-time view of each trial's financial position. The platform is designed for emerging, mid-sized, and enterprise biopharma organizations, as well as MedTech companies and CROs managing complex clinical trial finances.

The suite addresses high-stakes processes such as calculating life-to-date expenses, reconciling CRO reports, and managing budget amendments, with the stated goal of reducing month-end close time by up to 70% while maintaining audit-ready compliance. It integrates with ERP, EDC, CTMS, and vendor systems to provide a single source of truth across R&D finance operations.

Automated Accruals

• Calculates life-to-date expenses directly from trial activity and contract drivers, removing manual estimation from the accruals process.
• Tracks anticipated EDC visits to account for delayed site data entry, incorporating them into accruals for more accurate forecasts and trial budgets.
• Supports amendment-in-progress reporting, allowing teams to assess the budget impact of change notice forms (CNFs) and out-of-scope changes before change orders are executed.
• Provides the option to book, hold, or partially adjust CNF accruals, enabling proactive financial control ahead of formal change order execution.

AI-Guided Financial Close

• Copilot-powered workflows guide teams through the close process using a smart close checklist that keeps steps aligned and flags variances.
• Auto-generates journal entries and supports push-button postings to reduce manual effort at period end.
• Balance Sheet Flux functionality enables equivalent-period comparisons to identify accrual shifts quickly.

Vendor and CRO Variance Oversight

• Compares vendor-reported costs against actuals to identify discrepancies.
• Assesses the financial impact of change notices from CROs and other vendors.
• Tracks anticipated site payments to improve accrual accuracy and reduce reconciliation effort.

Integrations and Data Management

• Connects with ERP, EDC, CTMS, and vendor systems through SMART mapping and AI-enabled data ingestion.
• Consolidates data into a single source of truth accessible across accounting, finance, and clinical operations teams.

Audit-Ready Compliance

• Maintains a full transaction history to support regulatory review and audit response.
• Includes role-based permissions, multi-factor authentication (MFA), and single sign-on (SSO) to meet security and compliance requirements.
• Compliance controls are built into the platform workflow rather than applied as a separate layer.

The Accounting Suite is part of the broader Condor platform, which also includes FP&A planning tools and benchmarking and analytics capabilities. The platform supports deployment for organizations ranging from emerging biopharma companies to large enterprise biopharma and MedTech firms, with professional services available to support implementation and ongoing R&D finance operations.