Method and apparatus for accounting and contracting for...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Health care management

Reexamination Certificate

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Reexamination Certificate

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07636668

ABSTRACT:
A clinical trial study is modeled for automatically generating business intelligence information regarding the clinical trial study. The clinical trial study has a total budget amount and a total amount of deliverables. A software application program is provided that has equations and business rules that together define a process, a timeline, and deliverables associated with the clinical trial study. The program is populated with items including entities that have been contracted to provide the deliverables to the clinical trial study, budget items and amounts related to the deliverables for the respective entities that have been contracted to provide the deliverables, and for at least some of the budget items, a time frame in which the budget item is expected to be incurred or paid. Business intelligence information is then automatically generated using the equations and business rules in the program, and the items entered into the program. The business intelligence information includes appropriate invoice payments for the deliverables for the respective entities that have been contracted to provide the deliverables at a specific time frame, an accounting for the clinical trial study, and cash flow needs for the clinical trial study.

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