1
Manual payment calculations Site-specific contract terms Manual payment & accrual schedules W h y d o e s s i t e m a n a g e m e n t h a v e t o b e s o c o m p lic at e d ? To learn more visit us at: bioclinica.com 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% 26% 22% Top five observed sources of site dissatisfaction within the clinical trials industry: Tracking clinical trial costs against the budget #1 Accurately forecasting study budget #2 Timely collection of billables against milestones #3 Serious Adverse Events (SAE) reporting #4 Patient recruitment difficulties #5 Source: SCRS, Industry in Crisis Position Paper, March 2014 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! JUNE 2015 65+ DAYS W h y n o t s t r e a m li n e p a y me nts with C L I N P A Y ? Cl inPay ® is part of a suite of products designed to automate the entire financial l i fecycle of glo b al clinic al trial s. Timely, automated payments Custom tailored to link to any legacy system Happy Site! EDC IVRS CTMS 1234 12345678 12837462747 Pay to Trial Site $XXX.XX Lorem Ipsum Dolores Contract Management Contract Translation Budgeting & Forecasting Automated Payment Generation Accounting & Reporting Financial Data Aggregation Contract Contract Contract Contract 合同 CLINPAY Financial Lifecycle System A BL E T O T R A N SLA T E C O N T RA C TS & ISSUE P A Y M E NTS IN 1 4 0 C U RRE N C I E S

Site Management ClinPay Overview Infographic v3€¦ · Site Management ClinPay Overview Infographic v3 Created Date: 7/14/2016 2:37:26 PM

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Page 1: Site Management ClinPay Overview Infographic v3€¦ · Site Management ClinPay Overview Infographic v3 Created Date: 7/14/2016 2:37:26 PM

Manual payment

calculations

Site-specificcontract terms

Manual payment &

accrual schedules

Why does site management have to be so complicated?

To learn more visit us at: bioclinica.com

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% 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

Why not streamline 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