We live in changing times. The mega trend “combining medical research and information technology” will alter our societies dramatically. Through big data and deep learning we are on the verge of getting access to previously unknown medical interventions. It is hard to keep up with the speed and the possibilities that will become part of our lives.
Finom Management GmbH is a company with in-depth knowledge in R&D of pharmaceutical processes. We support ideas and guide through the intricate processes of all areas of clinical research. Together, we can help your concepts to become not only visions, but reality.
We can guide you through the regulatory jungle. Our core competencies include the conception and preparation of development strategies, as well as the on-hands coordination of clinical research. We provide this ourselves and through our affiliates and international network. The management of clinical trials is conducted with our proprietary IT solutions which has been developed specifically for this purpose.
In cooperation with our international network of experts we are in a position to answer scientific questions, devise development strategies and programs. This combination of knowledge and creativity makes us unique.
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Our expertise in Life Sciences is based on a long history in the pharmaceutical industry on various levels from pharmaceutical development through to running and establishing companies in the area of life science:
_ Business related matters: creating, establishing, founding and selling life science companies.
_ Strategic and operational Management Consulting in defining and implementing effective operational structures.
_ Advising on the involvement of contract research organizations in clinical research
_ Implementing Information Technologies (IT). Those can range from the development of ERP systems and CTMS, as well as the connection and interfacing of the selected or developed software that manages and controls clinical trials.
_ We can help you to define the needs for IT Systems and select appropriate applications from the market with either commercially available software or support you with the development of tailored products to realize a cost and operationally effective organizational environment.
This ranges from task specific systems up to ERP-applications designed for your needs in your industry and within your specific environment. With our experience in implementing new systems and processes in existing structures, we offer extensive project management to help you to timely and successfully realize your projects.
_ FINOM Management is experienced and reliable - it is our mission to help you to improve your processes by optimizing your environment.
Finom Management is developing, maintaining and hosting software for the pharmaceutical industry to support services in Clinical trials. With state-of-art tools you can budget and control the progress of clinical studies as well as track study specific information.
The application is fully integrated, using state of the art technology. User access is via browser.Functional coverage in a glance:
- General access portal with user access management
- E-Support for users
- Employee work time maintenance
- Business opportunity tracking
- CRM control for contacts and companies
- General contract handling with expiration tracking
- Handling of Quality documents (SOP’s)
- User change request processing and documentation
- Maintain project budgets for different contracts within a project
- Support of different pricing models within contracts
(fixed price for units, fixed budgets, time & material, pass-through cost,
subcontractor invoice handling)
- Time accounting and budget control for the different pricing models
- Access rights per team member
- Site information coverage, also usable for Feasibilities
- Setup of subcontractor agreements
- Incoming invoice allocation and control
- Outgoing invoice creation
- Full integrated eTMF
- CTMS with support of feasibility, project startup completion tracking, operational data management, project activity tracking
- Various online reporting capabilities
- Validated applications
Finom Management operates from an entrepreneur's perspective: one shot to get an alignment of their business right. We keep up momentum and credibility with customers, investors and employees, a hard reality that drives our guidance.
Our belief is that in today's marketplace, good ideas, good technologies, promising compounds and good products only have value when they are able to find their niche quickly. This can be done via an efficient, cost-effective, and value-realizing route to market.
Finom Management assists companies in identifying the optimum method of gaining value for their products and their technology - often a challenging task for small to medium sized companies.
We understand the challenges that you face every day... because we've been there.
Finom Management has extensive, hands-on senior-level management experience in the Life Sciences. Through years of management and leadership experience, we bring credibility, understanding, and real life management practices.
Finom Management has 50+ combined years of experience in senior positions in blue chip pharmaceutical and biotechnology industries. In addition, the management team has relationships with finance and venture capital institutions.
Over and above its executive backgrounds, Finom Management has extensive experience in providing professional management consulting services to Life Science industry clients. This experience is applied to assist you during challenging times.
It is Finom's philosophy that organizational performance is directly related to an organization's capacity for effective leadership, strategic thinking, organization-wide collaboration, a commitment to service, and shared accountability for results.
We view business operations as a complex interaction of different departments and different people, all business functions are connected. Connecting all leads is the basis for achievement and success.
Founded as Finom Management in Austria in 2010 as one of the first companies that specializes in specific IT for clinical trials, Finom has developed into a company with broad expertise in life science and has gained broad experience in diversified areas of investments.
Today, Finom Management’s network consists of several firms and it has investments in the area of life science all of which are operating independently and across many sectors forming an international affiliation, collaborating across many continents and countries.
2010 Establishment of the company, the operations started with the development of proprietary IT applications. Created by experts for experts whose responsibility is to manage and organize clinical research.
2011 First clients started to use FinSystems.
2013 Examples of the use of FinSystems:
“FinSys had been introduced in a cloud as “Software as a Service” to cover the business and economic aspects of our business starting 2011. ABF Pharmaceuticals GmbH focuses on complex clinical trial designs and offers a unique combination of logistic services through our global network. Our offerings are very flexible and personalized.
Located in Vienna, Austria in the heart of Europe, we are in the optimal position to provide efficient solutions for the packaging, distribution, QP release, transport and storage of pharmaceutical products including pharmaceutical service solutions for a range of cell-based therapies as well as central laboratory services including an audited PBMC network. This has enabled us to become the trusted partner for many of the world’s leading pharmaceutical and biotechnology companies and CROs.
Therefore we are always faced with changing requirements by our customers to run our project services and thus we need to track all business related precisely in in an effective manner. The Fin Systems give us the flexibility to answer to our customer’s demands as well as our internal requirements for tracking.
We started with the CRM part and extended the use to Business development and Quality support. Internal training spending could be reduced to a minimum because of the common user interface in all modules. With a fully integrated CRM, the Business Development module helps us to win business cases with reduced internal resources.
With Finom and the Fin Systems we found a trusted partner for our business, helping us to
adapt an IT system to our business needs.” ABF Pharmaceuticals GmbH is a service provider for complex clinical trial supply and laboratory services and has been using the Fin Systems since 2011 in various areas.
2014 “We have been using FinSys in a cloud as “Software as a Service” to cover the commercial business and economic aspects of our business since 2011.
Being a midsized company located in Europe we are always facing changing requirements from our customers to run their project services. FinSys gives us the flexibility to answer our customer’s demands as well as our internal requirements to track documentation status, project results and budgets for numerous projects at the same time.
The fully integrated of ERP and CTMS gives us a major advantage over our competitors in the market. Exact tracking of time spent compared to estimated time required on projects allows us to undertake real time analysis of our business.
Time spent for entering data to different IT-Systems is dramatically reduced. All modules are integrated and consequently work on synchronizing data in different systems is no longer needed,. This allowed us to free up time to be spent on supporting our client needs. We started with the ERP part and extended the use to the CTMS module. We did this based on our experience with Finom developing and supporting Fin Systems proving what we needed. Since the user interface is common in all parts of the application, our employees find learning new functionality intuitive and therefore internal training costs were reduced to a minimum.
With Finom and the Fin Systems we found a reliable partner for our business, accompanying us into the future of CRA business.” Assign Clinical Research GmbH has been using the Fin Systems since 2010 in various areas in the CRA world of Clinical Research. Starting with the ERP part of the Fin Systems, the intention to cover all types of project budgeting and time reporting for budget control in customer projects was reached. As a consequence the additional modules for CTMS and TMF and other modules were implemented and went live shortly after the go Live of the ERP application.
Three more Clinical Research Organizations and Pharma staffing companies have been using the Fin Systems since 2014 in various areas in the CRA world of Clinical Research. Starting with the ERP part of the Fin Systems, the scope was extended to CTMS and TMF soon after initial implementation.
2015 Continuous use of FinSys and further developments and validation.
2018 FinSys is being used and further developed by new clients.
To learn more about Finom Management, contact us at:
Finom Management GmbH
8813 St. Lambrecht
Geschäftsführer, Managing Director
Dipl. Ing. Thomas Fischer
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