CV Overview_Color Infographic_FINAL
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Transcript of CV Overview_Color Infographic_FINAL
Manual payment
calculations
Site-specificcontract terms
Manual payment &
accrual schedules
�y does�ite management have to be�o complicated?
To learn more visit us at:
www.clinverse.com4505 Emperor Boulevard, Suite 130 | Durham, NC 27703
1.877.325.1122
Currently most industry participants do not use an automated process to manage financial payments. No transparency, unpredictable, unreliable, and inaccurate cash management (all manual processes for tracking how $$ is being expensed).
5K+HOURS
30% 27% 26%30% 27% 26% 26% 22%
Top five observed sources of site dissatisfaction within the clinical trials industry:
Tracking clinical trial costs
against the budget
#1Accurately forecasting
study budget
#2Timely collection of billables
against milestones
#3Serious Adverse Events
(SAE) reporting
#4Patient recruitment
difficulties
#5
Source: SCRS, Industry in Crisis Position Paper, March 2014
Sponsors and CROs spend upwards of 5,000 hoursmanaging site payment during an average study.
And despite all that effort, sites still wait over 65+ days for payment. We can do better!
JUNE 2015
65+DAYS
�y not�treamline payments with ClinPay?ClinPay® is part of a suite of products designed to automate the entire financial lifecycle of global clinical trials.
Timely, automated payments
Custom tailored to link toany legacy system
Happy Site!
EDC
IVRS
CTMS
123
4
123
45
67
8 12
8374
62
747
Pay to
Tria
l Site
$X
XX
.XX
Lo
rem
Ipsu
m D
olo
res
ContractManagement
ContractTranslation
Budgeting &Forecasting
Automated PaymentGeneration
Accounting &Reporting
Financial DataAggregation
Contract
ContractContract
Contract合同
ClinPayFinancial Lifecycle
System
ABLE TO TRANSLATE CONTRACTS & ISSUE PAYMENTS IN 140 CURRENCIES
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