R&D Logic introduces government compliant time collection and reporting for grant recipients in the Life Science industry.

R&D Logic continues growth as Software As A Service (SaaS) provider.

SAN MATEO, CA – 2/11/2008 – R&D Logic, Inc. leading provider of “on-demand” business software solutions for the Life Science industry announced new features for its R&D Time product setting a new standard in grant reporting compliance. R&D Logic has automated the complexity of time collection and reporting as required for DARPA, NIH and corporate collaborator contracts. R&D Time is a single, scalable platform providing a consistent, rewarding user experience.

R&D Time goes beyond other vendors’ narrow definition of time tracking by offering functionality specific to a Life Science company.

R&D Time – Compliance management made simple

• Collect and track time by hour or by percentage. DARPA requirements are met by tracking time in hours and by day. Various business areas have different needs to meet. R&D Time accommodates flexible configuration by company, department and even by employee for collecting time in hours or percentage, daily, weekly, semi-monthly or monthly.

• Monitor compliance. DARPA requirements for daily completion of time are met through electronic daily completion status, alerts and audit-trail.

• Electronic management review and approval. Processes are streamlined through online review, approval and submission.

• Complete and accurate project time reporting.Whatever detail you require: daily, weekly, monthly, by person by hour or just percentage. R&D Time detailed reporting will facilitate compliance of your DARPA, NIH or collaborator reporting and audit requirements.

R&D Time – Rich application features

• Electronic integration and reconciliation to payroll provider.

• Time off collection and online balance review.

• User friendly interface with graphical display of input.

• Automatic project time generation for G&A and others as needed.

R&D Logic Budgeting, Tracking, P&L and Time Applications Deploy in Weeks

The R&D Logic applications are 100% web-based and delivered through a hosted, subscription offering that reduces the implementation time to weeks instead of months and dramatically reduces the total cost of ownership as compared to licensed or home grown solutions. R&D Logic offers pre-build integration with existing accounting, payroll and other business critical systems.

About R&D Logic: Founded in 2000, R&D Logic Inc. is the global leader of business management solutions specific to the Life Science industry. Our customers achieve breakthrough operational performance by linking portfolio strategies to actions, planning dynamically and monitoring performance on demand. R&D Logic is a privately held company whose management team has extensive industry experience. We are proud to contribute to the success of both public and private pharmaceutical, biotechnology and medical device companies.