Often companies are burdened with inefficient financial management processes related to site payments. Many sponsors and Contract Research Organisations (CROs) have used the same methods for years, leading to tied up cash, overpayment on taxes, and inaccurate reporting. With these methods, it still takes sites up to 120 days to receive grant payments.
An on-demand, escrow-free payment system allows trial sponsors to retain their working capital, Contract Research Organizations (CROs) to focus on trial execution, and investigators to be paid accurately and on time.
In this webinar, we will cover how you can use technology-based solutions to help optimize the site payment financial process, including how to:
- Run escrow-free trials with no pre-funding requirements
- Minimise the burden on sites
- Reduce the risk of overpayments and locking up capital
- Improve reporting accuracy
Presented by
Charles Meier,
Sr. Manager Medidata Payments
Senior Business Manager in Global Financial Services with a focus on Global Payments, FinTech, and Distributed Ledger technologies.
Broad experience in Strategy & Business Development, Finance and Program Management. MBA - Columbia Business School. Currently reside in New York City with wife and two kids.