Why Diligent?
Pharmaceutical and biotechnology trial sponsors as well as clinical trial service providers need Diligent to cut the cost and time of vendor qualification:
- The average total cycle time from an RFI request to a signed contract is over 19 weeks
- Cycle times for vendor qualification are lengthy and growing
- Estimated industry spend on vendor qualification and requalification is $375m/year
Source: The Tufts/Avoca Benchmarking Study on Industry Qualification Practices, January 2020
- Higher compliance
- Faster vendor onboarding
- Greater efficiency and cost savings
- Better risk-based decision-making on vendor selection
- Drive internal efficiency
- Reduce time to contract
- Showcase awareness of capabilities and innovative services
- Improve risk profile
- Avoid high costs
- Drive internal efficiency