SAN
DIEGO, July 30, 2024 /PRNewswire/ --Condor
Software, a leader in clinical trial finance and accounting
software, today announced a strategic collaboration
with Danforth Advisors to provide an integrated solution for
clinical finance. By pairing Condor's technology with the support
of Danforth's clinical finance consultants, biopharma companies can
more efficiently track and manage clinical costs for improved
reporting accuracy and forecasting.
Without a qualified clinical finance specialist and efficient
process, biopharma companies often struggle with financial
reporting and creating reliable forecasts. Together, Condor and
Danforth offer a proven software solution, implemented and managed
by technical finance specialists with deep understanding of the
drug development process. This collaboration enhances reporting
accuracy, efficiency, and compliance, enabling biopharma teams to
focus on science and innovation.
"Partnering with Danforth Advisors expands our capabilities
beyond technology, providing a tailored comprehensive financial
solution for the pharma industry," said Jennifer Kyle, CEO of Condor Software. "I've
admired Danforth's talent in Clinical, FP&A, and Accounting.
Combining their expertise with our technology offers end-to-end
solutions, bridging the gap between the clinical and finance,
enabling biopharma companies to reach new levels of financial
excellence."
Danforth Advisors' Dan Dehner,
Managing Director, added, "By offering Condor's software with our
clinical finance consulting services, we can further streamline
this important work for our clients and uphold the integrity of
reporting results."
Key benefits of the combined software and service include:
- Accelerated Financial Close: Increased efficiency
through streamlined workflows and automations.
- Accurate and Defensible Study Budgets: Enhanced
visibility into operational and financial planning for effective
negotiation.
- Unified Clinical, Business, and Finance: Improved data
integration between platforms.
- Enhanced Compliance: Robust auditing and regulatory
compliance features.
This collaboration is a substantial step forward in driving
unity, automation, and operational excellence. It arrives at a
pivotal time as the industry navigates rapid innovation alongside
increasing complexities and capital constraints.
About Condor Software
Condor is the leading financial intelligence and automation
platform tailored for the unique needs of the biopharma industry.
By automating clinical accruals and forecasting processes, Condor
ensures accuracy, compliance, and efficiency for accounting and
FP&A teams, enabling them to focus on strategic decision-making
and value creation.
For more information, please
visit www.condorsoftware.com or email
info@condorsoftware.com.
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SOURCE Condor Software