Missed last week's jam-packed session with PMV Pharma's CFO Mike Carulli? Check out of full recap in the comments! Some highlights 📽️ 5:08 - Key considerations when determining what expense source to use 17:58 - Why the PMV switched to Auxilius (hint: accuracy, scalability, and time savings) 22:20 - How Mike determined what accrual methodology was right for them 29:08 - How the PMV Pharma team got their auditors comfortable with Auxilius
Auxilius
Software Development
New York, NY 10,729 followers
Clinical Trial Financial Management Software for Biopharma
About us
Auxilius is a data-driven, clinical trial financial management platform. We help Biotechs take control over trial costs, manage financial risk, and optimize spend in pursuit of trial targets. It’s time to make financial management part of the cure.
- Website
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https://www.auxili.us
External link for Auxilius
- Industry
- Software Development
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2020
- Specialties
- Clinical Trial Financial Management, Accounting, Finance, Clinical Trials, FP&A, and SaaS
Locations
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Primary
Get directions
New York, NY, US
Employees at Auxilius
Updates
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We love our ClinOps partners and are excited to host a great section Oct 30 on building stronger cross-functional alignment!
"ClinOps is busy..." No truer words have been uttered. In our last live session with PMV Pharma, we heard it loud and clear: There are real challenges to keeping finance and ClinOps teams in sync, and the status quo is not working. Sound familiar? 📆 Well mark your calendar 📆 On October 30 we're holding a deep dive into streamlining collaboration with Clinical Operations—where we’ll cover actionable insights you can use to keep your teams in sync (and how technology can help). Link to the event in the comments.
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Struggling to get on the same page with Clinical Operations? If so, this live session is for you! Join us October 30 for a live session diving into how to improve alignment and collaboration with ClinOps. Kristen Lueck and Maddie Lamberti, CPA from our customer operations will share learnings and strategies from working side-by-side with Auxilius customers. You won't want to miss this one!
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🗓 Mark your calendars!! 🗓 We've got an exciting live session coming up on all-things CMC accounting! In this session we'll cover: ✔ Current approaches to managing volume and complexity of CMC vendors, contracts, and change orders ✔ Challenges with CMC accruals ✔ GL structure ✔ Opportunities to automate Save your spot today!
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Couldn't agree more!
Nothing makes me happier than happy customers... In our latest customer panel, Emily from Dynavax (DVAX) shares what made Auxilius her smoothest implementation so far: ✅ No complex customizations ✅ Easy integrations ✅ Vendor team availability ✅ SOX controls If you haven't checked out our live session with Auxilius, Dynavax Technologies, and Abcuro, Inc I highly recommend you check it out.
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⏰ There's still time to sign-up! ⏰ SEVENTY finance & accounting leaders are already registered for Wednesday's live session on R&D accrual methodologies. PMV Pharma (PMVP) CFO Michael Carulli is speaking with Auxilius's own Erin Warner Guill for a session that you don't want to miss!
📆 Mark your calendars 📆 On September 25th we'll be speaking with PMV Pharmaceuticals, Inc. (PMVP) CFO Michael Carulli on how to evaluate R&D accrual methodologies and determine what is best for your clinical trial. Specific questions we will answer in this live session: - What are the benefits and drawbacks of different accrual methodologies? - How did PMV Pharma decide which accrual methodology to use? - How did PMV Pharma evolve its accrual methodology over time? - How does the Auxilius platform support different R&D accrual methodologies? Save your spot today!
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Not sure the best way to estimate site invoiceable costs? Our expert team has the full breakdown. Click the link in the comments to watch Kristen Lueck and Maddie Lamberti, CPA walk through their methodology they use with Auxilius clients. Bonus: We've got a free guide spelling all of this out that you can download today. Check it out!
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Auxilius is excited to sponsor the Finance & Accounting for Bioscience Companies East Forum this week! On Wednesday, Erin Warner Guill and Christy Sasso Fulmer, CPA will be co-leading a technical accounting workshop, covering observations from SEC comment letters, FASB accounting standard updates, and the latest approaches to clinical trial expense accruals! If you are attending, stop by the workshop and come by our booth to learn how Auxilius can help you scale your clinical finance and accounting. https://lnkd.in/djT-zXY2
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Auxilius reposted this
Still waiting on your CRO estimates to close your books? So was David and the Dynavax team. They had developed a manual forecast for their R&D spend, calculating accruals in a tracker that would get updated with vendor estimates. A common problem? Not only is updating this tracker highly manual and time-consuming, vendor estimates can often be delayed and have errors, further complicating period close. David and his team decided to move to a more integrated and scalable close process with Auxilius, allowing them to shorten their time to close, reduce risk of manual errors, and support the forecast methodology of their choosing (in this case, using real-time clinical activity data). Check out the link in the comments to learn how they did it.