With a centralized, cloud-based ERP system, Castor now streamlines financial operations, enhances billing efficiency, and improves project management. By leveraging Certinia’s tools within Salesforce, the company has gained real-time financial visibility, reduced manual workload, and optimized revenue management. These improvements provide a scalable foundation for future growth, ensuring Castor can efficiently support its rapid expansion in the clinical trial technology industry while maintaining compliance and operational excellence.
Castor is a leader in clinical trial technology, providing an automated research process through a secure and compliant cloud environment. Researchers can effortlessly capture and integrate data from any source, enabling decentralized trials.
Supporting over 8,500 studies across various disease areas, Castor aims to make research data reusable, maximize its impact, and drive future medical advancements.
Castor’s finance teams were burdened with numerous disparate systems, necessitating extensive manual work and reconciliations. The Professional Services division relied on outdated solutions like Microsoft Excel for project management, making processes time-
consuming and difficult to maintain.
By consolidating business data into a single system, an ERP solution can empower management with real-time reporting and the visibility needed for strategic decision-
making and business operations improvement.
Without an ERP solution, Castor would continue to face challenges such as increased error risk, inefficiencies in financial operations, lack of scalability to support growth, and
difficulty maintaining compliance with industry regulations.
Recognizing the need for a more integrated and efficient system, Castor collaborated with Cloudteam Company. Cloudteam Company implemented several vital modules: Certinia Accounting & Analytics,
Subscription & Usage Billing, Revenue Management,
and Services Automation. These modules were designed to streamline financial processes, enhance billing efficiency, and improve project management, replacing the previously outdated and fragmented systems.
The implementation resulted in significant improvements for Castor. The Accounting & Analytics module enabled accurate and timely financial data reporting, while Subscription & Usage Billing managed
subscription-based billing processes efficiently. Revenue Management automated revenue recognition and Services Automation transformed project management within the Professional Services division. This comprehensive integration reduced manual work and errors and gave management real-time data visibility.
Cloudteam Company’s implementation of Certinia modules has yielded significant outcomes for Castor. By streamlining financial processes and enhancing data visibility, Castor has achieved improved operational efficiency and accuracy in financial reporting.
The integration of Subscription & Usage Billing has streamlined billing processes, while Revenue Management has automated and optimized revenue recognition. Notably, the Services Automation module has played a pivotal role in transforming project management within the Professional Services division, replacing outdated tools with efficient, automated solutions.
These improvements have reduced manual workload and errors, providing management real-time
insights for informed decision-making. Castor has a robust foundation to support its rapid growth
trajectory and strategic objectives in the clinical trial technology industry.
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