CRO CostPro®, TTC's new clinical outsourcing cost benchmarking and negotiating system, enables sponsors to forecast, budget and negotiate the cost to outsource clinical trials. Via a secure electronic RFP module sponsors are able to request, analyze and process proposals from CROs directly through the database. CostPro contains extensive clinical trial outsourcing cost data for over 50 countries where clinical trials are currently ongoing.

CRO CostPro® requires no change in the methods a company uses to request proposals from CROs. Utilizing a master bid grid to underpin the system, CostPro enables all companies to continue using their activity descriptions, yet still determine Fair Market Value by benchmarking against the rest of the industry.

Created in close conjunction with users from pharmaceutical companies and CROs around the world, CRO CostPro® is designed with the following benefits:

• Easy Access and User Friendly Interface.
• Quick Long Range, as well as Detailed Cost Forecasting.
• Ability to Attach Study Documents. (i.e. protocol, scope of work, timelines, etc.)
• Side by Side Cost Comparison for all RFPs received per study.

Utilizing detailed activity based costing methodology CRO CostPro® provides cost details for every activity outsourced to a CRO. (i.e. project plan development, CRF development, site monitoring visit, data entry, report writing, etc.) The database also provides summary cost data for the various catagories found in proposals. (i.e. project management, data management, medical monitoring, biostatistics, medical writing, etc.)