Empowering Biopharma Innovation with Corval's Strategic Planning Platform, Part 2

Corval Provides Clarity and Guidance to Biopharma Companies on Their Path to Market

Strategic planning, done early and thoroughly, can affect an asset’s path from clinic to market. Biopharma commercialization planning and launch planning can be a time-intensive process, but with Corval®, biopharma teams (or their consultants) can shrink this planning process from months to days.

The Corval platform provides detailed outlooks on hiring processes and budget use, ensuring alignment with company and asset goals and objectives. Corval adjusts to project modifications in real time, empowering companies to make sure their asset is market ready.

Let’s look at how the Corval platform redefines strategic commercialization planning for biopharma companies, allowing teams to focus on scientific innovation and patient needs.

1. The Power of Corval: Domain Knowledge Meets Technology
2. Introduction to the Budget Function
3. Introduction to the Hiring Function
4. Introduction to Scenario Planning
   

The Power of Corval: Domain Knowledge Meets Technology

The strength of the Corval platform lies in the integration of the domain knowledge with the software’s ability to automate processes, generate analytics, and provide real-time collaboration. The time it takes to create a comprehensive commercialization plan is shortened from weeks to hours. 

Updates are instantaneous and centralized. Your map, budget, and hiring plan outputs are automatically generated—saving you time and resources. You no longer need to cobble together hundreds of activities using Excel, PowerPoint, or Microsoft Project. 

A significant differentiator with the Corval platform is that the hiring plans and budget are seamlessly interconnected. As you build out your roadmap, the hiring plan is adjusted alongside the budget simultaneously. See how Corval does all the heavy lifting.

Introduction to the Budget Function

Within Corval, the budget function offers a bird's eye view of project costs and staffing. From hiring expenses to custom expenditures and activity costs, every aspect is laid out in different data views. Additionally, the estimated costs of hiring consultants in scenarios where you may not want to bring on a full-time hire are available. You can see how budgets are allocated via pie charts and bar graphs, so you can gain insights into yearly activity costs categorized by business function.

The pie chart distills your budget from its total project costs, and further breaks down hiring costs, any custom expenses, and activity costs. Watch the video to learn more about Corval's budget function.

Introduction to the Hiring Function

The hiring manager tool lays out all your personnel resources across quarters, years, and even by business function. It provides a detailed overview of hires, their roles, compensation, and active periods. By clicking on each hire type, users can see a summary of the hire and effortlessly tweak start dates, bonuses, salaries, or reallocate activities.

Corval also displays a recommended number of hires based on your plan, giving you the opportunity to compare your decisions against your budget and project goals. Click to see the hiring function in action.

Introduction to Scenario Planning

With the intention of mitigating risk, evaluating opportunities, and creating more robust strategies, scenario planning can be a crucial aspect of commercialization planning. Scenario planning is quick, simple, and easy using Corval. By duplicating projects and updating objectives and activities, the platform supports rapid iteration and analysis of commercialization scenarios.

By quickly comparing the timing of objectives, activities, hiring and budget, as well as strategic decisions, this information is then easily exportable in a variety of formats for presentation to stakeholders. Watch below to learn more.

A Better Approach to Commercialization

For biopharma companies, the months-long commercialization planning process is complex and daunting, requires extensive external resources, and impedes progress toward long-term success.

Corval’s intelligent, intuitive platform provides you clarity and guidance to navigate the commercialization journey and ensure you don’t miss a single step along the path to getting your treatment to patients in need.

To speak to a commercialization expert about your options, reach out to us today!

Click here for Part 1 which includes...

• So You Can Focus on the Science
• Getting Started and Building Your Plan
• Introduction to the Objectives Roadmap
• Introduction to the Activity Roadmap