We hope you like the new look of Xtalks.com. Take a site tour. Now you can join the community or login.

X

Site Payment Paradigm Shift: Using Electronic Data Capture To Replace Excel

Site Payment Paradigm Shift: Using Electronic Data Capture To Replace Excel

By: Sarah Hand, M.Sc.

Posted on: in Blogs | Life Science Blogs

This presentation will discuss the paradigm shift in payment tracking from excel or home-grown manual systems to more commercial, turn-key technology. These historical processes and systems leave little opportunity for sponsors and CROs to effectively plan and track payments as costs are incurred by the sites, which negatively impact site satisfaction and performance. Sponsors and CROs have historically been challenged to quickly produce detailed global forecasting and disburse accurate and timely site payments in the correct currency and applying the right exchange rate, VAT and withholding tax requirements. Sites battling cash flow problems and payment delays are a distraction from the work that they have been contracted to perform.

With a new EDC-driven payment process, Sponsors and CROs alike are easily able to project, trigger, calculate and disburse payments in any currency quickly and accurately. Sites receive their payments on time and the trial progresses seamlessly. It is the proverbial win-win for all.

Join this informative webinar to learn how your organization could benefit from just-in-time site payments. Medidata and INC Research will present a sponsor case study showing how this large sponsor moved from a full service model to a dedicated payments service, using a combination of Medidata Payments technology and INC payments administration delivering a seamless end to end solution.


Related Vitals


Leave a Reply

Your email address will not be published. Required fields are marked *