Automation of Triangulation of Contract Research Organization Invoices

The Problem

CROs of specialty medications and drugs under development provide pharmaceutical companies with electronic invoices for services rendered. These pharmaceutical companies must cross-check these charges with internal systems to ensure accuracy and manage expenses. The manual process of verifying invoices, with limited resources to conduct only random checks, placed a significant burden on finance teams.

The Solution

Dimensional Strategies Inc. (DSI) built a data engineering framework that utilizes advanced PDF data extraction to read and extract relevant data from the electronic invoices. This data was then integrated with internal systems, ensuring accurate charge verification and expense management. The automated solution replaced manual checks, which previously limited the finance team to random invoice sampling, enabling a comprehensive and efficient review process.