With escalating challenges of expense accrual reporting for clinical trials, the SEC requires all reports on controls at service organizations be performed in accordance with SSAE Type II compliance.
Beyond just automating site payments, our comprehensive offerings handle budgeting, forecasting, contract management, accruals, accounting and reporting.
Assessing and reassessing trial expenses throughout the life of the trial just got easier.
Why Does Site Management Have to Be so Complicated?
Did you know that currently most industry participants do not use an automated process to manage financial payments? Learn how to streamline payments with ClinPay, part of a suite of products designed to automate the entire financial lifecycle of global clinical trials.
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Top 3 Observed Sources of Dissatisfaction Within the Clinical Trials Industry
#1. Tracking Clinical Trial Costs Against the Budget
#2. Accurately Forecasting Study Budget
#3. Timely Collection of Billables Against Milestones
SOURCE: SCRS, Industry in Crisis Position Paper, March 2014
Accelerate Your Clinical Trials and Reduce Your Workload with Clinverse’s Automated Payment Solutions for Clinical Trials
Sponsors and CROs spend upwards of 5,000 hours managing site payment during an average study. And despite all that effort, sites still wait over 65+ days for payment. We can do better!
Our proprietary technology solutions help sponsors deliver rapid and accurate payments by automating the financial management of clinical trials. It links a site’s contract terms directly to the data captured in EDC, CTMS and other systems, to generate payments. No more spreadsheets, no more manually managing multiple systems; from here on out, it’s just accurate payments—fast.
Check Out Our ClinPlan Video
LATEST BLOG POSTS
Is Your Accounting System or Outsourced Partner Flexible Enough to Manage Your Accruals for Clinical Trials?By: Tim Immel, Chief Product Officer and Founder From the outset, the process of generating expense accruals for clinical trials has been a challenging accounting task for life science companies. This challenge also persists with their contract research organizations... read more
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