Rave Grants Manager
Smart Clinical Trial Budgeting with Better Data
Rave Grants Manager manages the entire investigator grant life cycle of clinical trials. The solution provides Sponsors and CROs with a comprehensive, data-driven way to quickly and accurately develop investigator grant budgets and efficiently conduct the site budget negotiation process.
Key Benefits
Optimal Planning & Execution
Make better financial decisions to meet your goals.
Financial Scenario Planning
Access predictive costs to understand future FMV and associated costs
Better Site Relationships
Ensure fair and appropriate site budgets that establish trust
Effective Financial Analysis
Identify key drivers across committed, anticipated, and projected costs.
Key Features
Streamlines site budget negotiations with automated budget template generation, workflows, audit tracking and dashboards for visibility.
Quickly run a study budget forecast and access your study specific historical budget data within one repository.
Records mitigation strategies so study teams can proactively respond when issues start to develop.
Gain insights into complexity with the Study Complexity and Site & Patient Burden scores, which are automatically calculated within the Grants Manager dashboard as you build your budget.
Dynamic Fair Market Value (FMV)
Refine the accuracy of your investigator grant budget by leveraging insights with the right data. By harnessing AI, Rave Grants Manager adeptly forecasts FMV, accounting for dynamic variables, to ensure both transparency and protection of your site budgets from future uncertainties. Its predictive capabilities go beyond traditional analysis, delivering a detailed, data-driven perspective on anticipated financial trends.
PAST
Data extracted from executed site contracts
PRESENT
Committed data + 3rd party data sources, country ratios, exchange rates, inflation & statistical models
FUTURE
Predicted data based on the length of the study
Financial Scenario Planning
Be Data-Informed and Take Control of Your Clinical Trial Budgets
Medidata Financial Scenario Planning is your complete solution for clinical trial budget planning. This advanced solution helps navigate the complex financial landscape with confidence and precision. Leverage advanced analytics and real-time data for scenario modeling, forecasting outcomes, and informed decision-making to ensure sustainable growth and complete budget control. Medidata’s dynamic Financial Scenario Planning solution significantly reduces uncertainties in financial, economic, and market conditions specific to clinical trials. Redefine what an “accurate budget” means for your future trials.
Agile Scenario Modeling
Enhance business agility with dynamic planning that integrates strategy, operations, and finance for rapid adaptation to market shifts.
Risk Mitigation
Proactively identify and simulate financial risks using insights for informed and effective future planning.
Seamless Regulatory Compliance
Streamline compliance with automated workflows specifically designed to reduce financial risk.
Learn More
Better Data, Better Decisions
Achieve greater certainty in clinical trial financial management by leveraging adaptive, accurate, and defendable fair market value.
Transform your Site Budgeting Process
Revolutionize budget planning and contracting with Rave Grants Manager Contracting. Automate negotiations, gain full visibility and boost efficiency for Sponsors, CROs, and sites.
Data Powered Financial Management for Your Clinical Trials
Achieve complete financial visibility, eliminate complexity, and ensure the financial health of your clinical trials with Rave Clinical Trial Financial Management.
Related Solutions
Rave CTFM
Rave Clinical Trial Financial Management (CTFM) is an end-to-end solution for the financial management of your clinical studies composed of Rave Grants Manager and Rave Site Payments, all paired with the market-leading Rave EDC.
Rave CTFM enables operational efficiencies and financial compliance, collaborative data-driven decision making, and greater transparency over planning and execution.
Rave CTMS
Rave CTMS is a unified digital solution that improves the speed, efficiency, and collaboration for the oversight of studies, countries, and sites through automation and workflow management.
Rave CTMS supports activities including study/site team creation and activation, patient enrollment and milestone tracking, site monitoring, and issue management.
Rave Site Payments
Rave Site Payments is a purpose-built financial management system for clinical research.
As the only site payment solution on the market that provides full global support, complete transparency, and a flexible and configurable end-to-end solution, it helps reduce the stakeholder’s FTE burden to reconcile and forecast, often eliminating the burden completely.