Site Payment Problems and Solution

Mar 30, 2018

Clinical Trials are notoriously expensive to operate, with the majority of trial sites working with no more than a 3-month operating budget. That means that maintaining up-to-date financial records, and responsibly using what funds do exist is more essential than ever before. With an estimated two-thirds of trial sites falling into this category, software companies have sought to close this gap in effective financial operations with process automation and payment scheduling by designing software suites that address the problems faced by the companies who operate and manage clinical trials.

Likewise, effective subject management is essential to producing meaningful results. Sometimes this means coordinating across several physical locations, and other times it means the organization of large groups of people. No matter what the problem is though, effective solutions mean the realization and production of a permanent solution that balances the robust functionality of a complex network and the usability of a program that may be accessed daily.

What are the problems exactly though?

  • Disorganized payments systems that are the result of managing financial inflows and outflows across too wide a spectrum.
  • The inability to scale payment practices to meet trial requirements.
  • Challenges in tracking subjects and advancing study protocol.

With the Subject Tracking & Invoicing module from Flex Databases, essential problems may be solved and secondary may be resolved as well with a range of tools that are provided in even the baseline version of the module.

The Flex Databases Application Environment is specifically designed for the companies that we serve. Our system manages and automates a number of essential processes so that payments are distributed on time and properly invoiced.

More about CTMS

Webinar recording: Speed-up patient recruitment by the means of automated site payments

On the first day of June we’ve hosted a joint webinar with our client, Confidence Pharmaceutical Research.

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SOLTI academic research group gets full transparency of clinical operations with Flex Databases CTMS and eTMF implementation

With Flex Databases CTMS & eTMF implementation, SOLTI aims to perform detailed analysis based on the information included in the system, have an operational data repository easy to consult and to easily extract reports of transversal data for company statistics and performance over the years.

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5 examples of data sets that are shared between Flex Databases CTMS & eTMF

Flex Databases CTMS & eTMF are interconnected to deliver you the highest possible level of data completion and avoid missing documents issues.

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A simple way to speed up site payments & grow site engagement

Will you get frustrated if you are paid with a half-year delay? Yeah! Will that motivate you to work more with such a partner? Doubt that. 

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Have we picked your interest?

Tell us more about yourself and we will organize a tailored live demo to show how you can power up your clinical trials processes with Flex Databases.