Auxilius

Auxilius sponsored last week’s Life Sciences Accounting & Reporting Congress, which was a substantive event, convening hundreds of biopharma executives. ? Sharing out a few topic themes that stood out this year plus Auxilius Insights, gleaned by working hand-in-glove with over 75 biopharma companies! ? Congress Hot Topics... ? ?? Corporate Culture and Commitments: Women in Leadership continues as an industry and corporate commitment DEI and inclusion can be an organizational success indicator Professional development of accounting talent is pivotal - Opportunity to involve Academia and Universities ?? Technical Topics: SEC comments touched on Revenue, including Collaborations and Multiple Element Arrangements Disaggregation of income statement expenses and segments requires close attention IASB and IFRS international reporting updates were shared Audit operations for GTN reviewed, given complexity and materiality Accounting and reporting for R&D expenses and clinical accruals dominates as a top challenge amongst biopharma companies today ?? Strategy and Readiness: Opportunities for process automation within finance and accounting abound A.I. is in action and most attendees are considering how to leverage CFO leadership amidst current market challenges is paramount Optimizing the financial close process is a high priority ?? Auxilius Insights ?? The majority of biopharma finance leaders have indicated that they: 1?? Need to reduce and/or streamline R&D costs 2?? Compare CRO estimates to an internally derived/calculated estimate 3?? Prefer to recalibrate R&D forecasts monthly for accuracy 4?? Consider regular investigator payment reconciliation critical for completeness and accuracy If we aren’t working with your company already, please reach out as we are happy to connect and collaborate to solve a prevailing industry issue – Managing outsourced R&D costs and instituting an efficient, accurate financial close process. #clinicalaccounting #lifescience #Controller #CFO #accruals #automation ?

?? New live session coming soon! ?? Our very own Sharon Langan is teaming up with Ryan McNally from Crowe for a live session diving into risk mitigation and reporting readiness specifically for clinical trial accounting. You're not going to want to miss this one!

What a week! Always love the opportunity to get out of the office and connect with the greater clinical finance community - and this week was no exception. Thanks for the Life Science Finance & Reporting Congress for putting on a great conference, for Sharon Langan, Adam Weisman, and Barrett Wilson for being my partners in crime representing Auxilius, and all those who stopped by our booth and came out to dinner.

??Last week's session on clinical trial forecasting was a good one! If you missed it, Erin, Sharon, and Robbie dug into a number of critical topics, including: ?? Why accurate forecasts are so important for biopharma finance leaders ?? The challenges with accurately forecasting capital needs as trials change ?? Practical tips for working with clinops and other teams to stay on top of trial developments ?? How leading biopharma companies are using Auxilius to automate their forecasts and develop their own view of trial progress independent of CRO See the link below for the recording and full summary.

Auxilius is proud to be sponsoring the 2025 Life Sciences Accounting & Reporting Congress March 18-20! Come stop by our booth to meet Barrett Wilson and the Auxilius team, and see our integrated platform in action. If you haven't signed up yet, you can use the code 25AUX10 to get a discounted pass. See you there!

? Last chance to register! ? At 1pm ET tomorrow Robbie Tantoco, Erin Warner Guill, and Sharon Langan will be talking all-things clinical trial forecasts and strategic planning. You don't want to miss this one!

?? Mark your calendars: Robbie Tantoco - VP of Finance at Alkeus Pharmaceuticals is talking clinical trial forecasting with Erin Warner Guill in an upcoming live session! Moderated by our very own Sharon Langan, you're looking to see how other biopharmas forecast clinical trial spend using clinical drivers to better understanding their capital needs, this is the session for you.

? There's still time to sign up for tomorrow's live session on Investigator Reconciliation! Kristen Lueck and Erin Warner Guill are covering how to verify the accuracy of your site payments using Auxilius automation. They're also sharing findings and trends from previous payments analyses 2:30pm ET / 11:30am PT doesn't work for you? Sign up and get the recording afterwards ??

?? Want to see what Auxilius live sessions are coming up and watch past sessions? ?? Our new Live Sessions page showcases upcoming sessions and thought leadership videos made by the Auxilius customer team. Check it our here: https://lnkd.in/e8GMBknp PS. Don't forget to register for our upcoming session on Investigator Reconciliation!

Meet Taylor Horton, CPA, our newest Director of Technical Accounting Success! Taylor will be joining our already deep bench of CPAs, Big Four alumns, and biopharma industry veterans that work alongside our customers to share their expertise and ensure the Auxilius system is working for them. A little about Taylor: ?? She started her career in Big Four audit, before leaving for industry and eventually becoming an interim controller for biotech clients ?? She's witnessed firsthand the challenges of managing clinical and CMC budgets and accruals, and came to Auxilius to help be a part of the solution ?? She reads 150 books every year! ?? Link in the comments to read more about Taylor and her background