How we can help CFOs

CFO Challenges

Financial management in clinical trials is on the one hand about real time reporting and on the other hand about operational efficiency and cash management.

Sponsor CFOs will be focused on key aspects such as:

Cashflow runway management
Regular/timely reporting of financial status
Forecasting
SOX 409 requirement
Hugely improved payments processing and cash flow management

while CRO financial officers also need to cover customer billing and staff utilization:

Cash flow and billing management
Staff billability
Company profitability
Internal/external stakeholder reporting

In both cases, the financial officers need to know study status and progress daily in order to report, to plan cash and to monitor the business. Where a solution can optimize processes - such as site or investigator payments - this will improve profitability.

Clinical Force provides you information and tools to boost efficiency and strengthen your margins. Especially the payments and invoicing modules reduce workload, improve visibility and save money.

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