It's all About the Data and MetaData

Friends, Romans, Countrymen: Lease Me Your Clinical Software!

 

In clinical research and trials, leasing software often makes sense

Few sectors are under more pressure to deliver, deliver quickly, and deliver more and better results than ever before than the pharmaceutical sector.

Farmers, for example, face the elements, are always trying to find new ways to squeeze an extra kernel of corn out of an acre of land, and are subject to scrutiny from the Department of Agriculture.

But "pharmers," those whose landscape is a laboratory, have 21 CFR Part 11 to contend with; their turf is vast and virtual; the herds of data to manage far surpass anything even a Texas-sized rancher might need to muster. And, for an industry founded on extending and improving life, the competition can be uncannily cutthroat in a marketplace perpetually, literally, moving at hyper-speeds.

Choosing a Path of Lease Resistance

For those conducting clinical research who want to maintain control and host their own software, those managing the morass that is clinical trials today, the benefits of software leasing are clear:

• Leasing requires a substantially smaller upfront investment leaving more money to invest in better science and better scientists.
• The smaller capital outlay typically means you can get more features, more management tools, more bang for your software buck than if you were buying the applications outright.
• Short-term leases, such as two-year terms, ensure your IT capabilities always keep up with best practices and the best products the market has to offer.
• Customization, consulting, and training costs are often included, and therefore more easily absorbed during implementation.
• The flexible, balance-sheet reporting leasing offers is often one of those rare areas IT and finance can agree on.

So, when you ponder your next research study, when electronic data capture next preoccupies your thoughts, don't forget to consider software leasing as another tool in your arsenal to gain competitive advantage while containing costs and keeping in budget.

Contact Us to learn more!!

Explore the advantages of leasing versus purchasing clinical trial software. Contact Patrick Champoux our resident expert on leasing at: pchampoux@clinplus.com.