New Cognos Performance Solution Helps Pharmaceutical Companies Drive Clinical Trial Success: Cognos Clinical Trial Enrollment Forecasting Blueprint offers
flexible patient enrollment modeling and analytics, enabling managers
to track enrollm
PHILADELPHIA (BusinessWire EON) September 11, 2007 --
Cognos (NASDAQ: COGN; TSX: CSN), the world leader in business
intelligence and performance
management solutions, continues to extend its pharmaceutical market
leadership, announcing today the launch of a new performance solution
designed to help pharmaceutical companies better anticipate and manage
patient enrollment requirements to ensure clinical trials successfully
comply with FDA requirements. Clinical trials represent one of the biggest direct-spend components in
most pharmaceutical R&D budgets. Failure to enroll adequate numbers of
patients is a primary reason why some clinical trials fail. The Cognos
Clinical Trial Enrollment Forecasting Blueprint offers the robust
forecasting and enrollment analytics pharmaceutical companies need to
help ensure adequate patient participation in their clinical trials. The
Blueprint maximizes insights into enrollment indicators that can affect
the progress of a costly study, and facilitates collaboration between
managers, analysts and individual investigator sites to make the
necessary adjustments that strike the right balance between cost and
performance. Using out-of-the-box functionality from Cognos 8 Planning and Cognos 8
Business Intelligence (BI) – including
dashboards, analytical reports and a pre-configured data model –
and encompassing pharmaceutical industry best practices, the Cognos
Clinical Trial Enrollment Forecasting Blueprint lets managers:
-
Capitalize on an advanced forecasting data model that calculates and
presents for analysis a range of metrics, including planned vs. actual
enrollment windows, site activations, and screen failure percentages
-
Drill into portfolio reports to undertake more detailed analyses of
trial enrollment and performance, using up-to-date information from
multiple transactional and planning systems
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Forecast the impact of ‘on-the-fly’
changes using ‘What if’
planning and scenario analysis. Changes to one enrollment assumption
automatically recalculates all of the impacted data instantly,
eliminating the need for off-line number crunching and facilitating
faster decision-making
-
Easily adjust business rules to best suit current trial management
needs and adapt to sudden changes. New assumptions and rules can be
quickly configured, tested and pushed out to end-users and analysts
without requiring costly developers and complex coding
-
View the clinical site hierarchy through a powerful workflow
capability that consolidates, in real time, data from the individual
investigator-site level up through regions and countries
Available immediately to customers, the Cognos Clinical Trial Enrollment
Forecasting Blueprint is the third pharmaceutical solution launched in
the past year. Together with the Cognos
Clinical Trial Forecasting Blueprint, launched in May 2006, the
Blueprints enable customers to seamlessly update financial projections
as their enrollment projections evolve, helping them better understand
the cost of changes and the dollar effect of enrollment projections. The
Cognos Sample Optimization Blueprint, also released in May 2006, rounds
out current pharmaceutical offerings. “Customer-designed or commercial Clinical
Trials Management Systems often lack the flexibility and forecasting
capability pharmaceutical companies require to model the entire
enrollment picture across the development portfolio. Spreadsheets do not
offer a viable alternative as they can introduce substantial control
risks and do not incorporate enterprise-class functionality such as
managed workflow, and the ability to push template changes out to
hundreds of users simultaneously,” said Bill
Stevens, associate vice president of life sciences at Cognos. “The
Cognos Clinical Trial Enrollment Blueprint offers an approach that
eliminates typical concerns of data integrity and information silos.
Managers gain ‘right-time’
visibility into the enrollment status of their study portfolio, enabling
them to define, manage and measure critical performance indicators in an
efficient and timely manner.” Cognos is a recognized leader in delivering performance management
solutions for the pharmaceutical industry. Currently, 25 of the top 30
pharmaceutical firms rely on Cognos performance management software,
including Novartis,
Bayer UK,
and Quintiles
Transnational. For more information about Cognos solutions for
pharmaceuticals and life sciences, please visit www.cognos.com/lifesciences. ABOUT COGNOS PERFORMANCE BLUEPRINTS: Cognos offers a full suite of Performance Blueprints to address planning
and performance management process areas that directly impact an
organization’s ability to create business
value. Both functional and industry-specific process areas can now be
automated, streamlined and transformed to help organizations quickly
create more business value. Developed by the Cognos
Innovation Center for Performance Management, the Cognos Performance
Blueprints are a key component within the Cognos Performance Management
System, which combines technology, best practices, analytical
applications and solutions, and a broad network of partners into a
single performance management solution. For further information on the
Cognos Performance Blueprints see http://www.cognos.com/innovationcenter/blueprint.html. ABOUT COGNOS: Cognos, the world leader in business
intelligence and performance
management solutions, provides world-class enterprise planning and
BI software and services to help companies plan, understand and manage
financial and operational performance. Cognos brings together technology, analytical applications, best
practices, and a broad network of partners to give customers a complete
performance system. The Cognos performance system is an open and
adaptive solution that leverages an organization’s
ERP, packaged applications, and database investments. It gives customers
the ability to answer the questions -- How are we doing? Why are we on
or off track? What should we do about it? –
and enables them to understand and monitor current performance while
planning future business strategies. Cognos serves more than 23,000 customers in more than 135 countries, and
its top 100 enterprise customers consistently outperform market indexes.
Cognos performance management solutions and services are also available
from more than 3,000 worldwide partners and resellers. For
more information, visit the Cognos Web site at http://www.cognos.com. Cognos and the Cognos logo are trademarks or registered trademarks of
Cognos Incorporated in the United States and/or other countries. All
other names are trademarks or registered trademarks of their respective
companies. Note to Editors: Copies of previous Cognos press releases and
Corporate and product information are available on the Cognos Web site
at www.cognos.com.
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