Auxilius

Auxilius is a New York-based clinical trial financial management software company founded in 2020 that serves the biopharmaceutical industry. The company provides a specialized platform designed to automate and streamline research and development financial operations for biotech and pharmaceutical companies conducting clinical trials. Auxilius inte... grates real-time clinical data, invoices, vendor estimates, and team input to automate expense accruals, budgeting, forecasting, and financial planning processes that traditionally rely on manual spreadsheet management. The platform addresses the complexity of managing clinical trial finances by consolidating data from multiple sources into a single workflow, enabling finance, accounting, and clinical operations teams to improve forecast accuracy, control trial costs, and manage financial risk more effectively. Auxilius features investigator spend intelligence that maps patient visits and procedures to site contracts, site payment reconciliation capabilities that validate transactions against clinical systems, and built-in controls designed to support audit readiness and strengthen compliance with Sarbanes-Oxley requirements. The platform integrates with existing clinical trial management systems, electronic data capture tools, and enterprise resource planning systems without replacing them, generating journal entry upload files and exportable forecasts for incorporation into broader budgeting processes. Auxilius pairs its purpose-built software with a dedicated operations team that includes certified public accountants, finance professionals, and former auditors who provide ongoing customer support. The company is venture-backed by investors including Renegade Partners, SignalFire, Bain Capital Ventures, and XYZ Venture Capital, and serves over 65 biopharmaceutical companies across private and public markets.Read More