Budgeting & Benchmarking

Budgeting & Benchmarking is a solution from Suvoda, offered under the Greenphire Clinical Finance product line, designed to support financial planning for clinical trials. It provides access to fair market value (FMV) benchmarking data for investigator site payments, enabling study teams to generate accurate budget estimates and enter site negotiations with a data-backed starting point.

The solution is intended for clinical trial sponsors, CROs, and sites that need to move beyond outdated spreadsheets, redacted CTAs, and incomplete datasets. By centralizing current, real-world FMV data in a single interface, it aims to reduce friction in budget planning and shorten the time to study startup.

FMV Dataset Coverage

• Data updated quarterly and sourced from real-world investigator grant costs
• Covers 70+ countries
• Draws from 100+ sponsors and 30+ CROs
• Includes data on 30,000+ payees
• Features 250+ proprietary research codes covering standard procedures, administrative fees, and other costs that are often not visible in standard datasets
• Provides quartile and 90th percentile values to support defensible budget construction

Budget Development Interface

• Spreadsheet-like visit schedule design for intuitive protocol entry
• Import of a protocol's Schedule of Assessments directly from Excel
• Ability to model multiple scenarios, treatment arms, and cohorts within a single study
• One-click application of the most current FMV data to a protocol
• Export of country-level and site-level estimates to support planning workflows
• Budget splitting for cost allocation across multiple payees

End-to-End Budget and Payment Workflow

• Supports building, amending, and finalizing investigator grant budgets within the same platform
• Connects budget development to global site payment execution through a single platform and login
• Enables generation of cost-per-patient estimates and country scenario modeling

Key Planning and Negotiation Benefits

• Provides a data-driven starting point to shorten budget negotiation cycles with clinical trial sites
• Supports construction of trusted and defensible budget estimates
• Helps accelerate the path to the "first patient in" milestone by reducing time spent in budget negotiation
• Serves as a single source of truth for strategic financial planning across global studies

Budgeting & Benchmarking is part of the broader Suvoda platform, which also includes site payment execution capabilities. The solution is positioned for use by sponsors and CROs managing multi-country clinical trials who require current, globally representative FMV data to support compliant and efficient financial planning.