We are a technology and consulting company offering solutions and services for the health & biotech industry that support the management of organizations and projects performance in the clinical research industry. Our solutions are based on automation, standardization, data centralization, and transparent and immediate information flow.
We streamline clinical trials with our platform and expertise, accelerating access to life-changing treatments. Our passion is to support R&D, SMO, and CRO management systems by providing information that enables faster and more accurate decision-making.
Our platform and services streamline clinical trial management for sites and networks, accelerating research for faster, more affordable breakthroughs in medicine.
Recognizing a growing challenge in clinical trial management, Factor Consulting's experienced team set out to make a difference in 2014. They saw a need for greater efficiency and technology within study sites. This led them to begin developing a comprehensive information system specifically focused on improving performance management and establishing objective-driven practices – areas where many clinical research operations struggled. This marked the start of a dedicated effort that would evolve into a platform for a more valuable and efficient future of clinical trials.
Just a year after our inception, we reached our first major milestone with the launch of the initial usable version of our system. This pivotal moment was not just about transforming our work into a sellable solution, but also about successfully integrating our study sites into the platform. This early adoption by key stakeholders was a testament to the potential and effectiveness of our innovative approach.
The project's potential and success led to a significant organizational shift in 2017. We spun off from the founding company, establishing Clinical Trials Solutions as a standalone entity. With this new structure, we also introduced our flagship brand, SMARTrials®, signaling our commitment to smart, technology-driven solutions for clinical trials.
By 2018, our system had evolved to include advanced features to manage subject visit flow and procedure logs, subject recruitment, and financial transactions with CRO and Sponsors. This year also marked our first investment round, securing funds that fueled further technological advancements. We further expanded our system to include automated permissions management, enhanced security measures, and integration with helpdesk systems, among others.
The subsequent years saw us focusing on enhancing system security, integration, and user experience. We developed more robust modules for study startup, financial management, and multi-party contract assessment. Our commitment to security and data integrity was further strengthened by improvements in our AuditTrail module and universal calendars.
As regulations and industry standards evolved, so did our platform. We launched modules tailored to task scheduling, PDF management, and document workflows, ensuring compliance with CFR 21 and enhancing operational efficiencies. This period also saw the development of our IT platform, which supports the management of networks, study sites, and research projects.
Today, we continue to innovate and adapt. Our latest developments include the eCRF, IWRS, and Monitoring modules, tailored to meet the market needs and standards of the CWBK 2.0 model (publicly-sponsored Clinical Trials Support Centers). We've also introduced modules for internal training and worktime tracking, underscoring our commitment to enhancing both our technology and the skill set of our users.
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