Built by CFO’s—for CFO’s
Our GAAP-compliant product suite integrates directly with your GL system and is structured to support five levels of hierarchal account groups. And our solutions include all necessary approval and control levels to integrate with all top-tier financial systems.
Eliminate Lengthy End of Trial Reconciliation Procedures
Wrapping up financial loose ends after the end of a trial can be hugely time-consuming and frustrating; it can sometimes take up to a year to reconcile data.
ClinPay FLS completely eliminates this end of trial reconciliation by automating the payment accrual process throughout the study.
As a result, the clinical trial financial process is improved; the work associated with manually computing payments and accruals is taken out of the equation.
Sites get paid quickly and accurately—and reimbursable deposits become a thing of the past.
Accurate and Timely Accruals
Our solutions automatically calculate monthly accruals, saving time for both the clinical and financial departments. Our offerings can calculate accruals depending specifically on your need—we can group data by visit event, procedure event, contractual obligation, IRB approval and other factors.
Financial Control = Better Site Relationships
Sites consistently report fast and accurate payment as a top priority, yet many of them are still hindered by delayed disbursement. Providing automation through Clinverse’s solutions is an opportunity to improve relationships with site personnel and become the sponsor of choice through automation.
It’s time to take control, automate payments, and accelerate the entire clinical trial process.
We Know Complexity: And We’ve Built Our Clinical Trial Software Accountably
Clinverse has structured its offerings to handle the full range of complexity found in today’s clinical trial contracts including holdbacks, refundables and payables.
Our software is built to manage protocol amendment-based contract modifications and the timing issues related to them.
So we can support complexities other systems can’t include financial terms by line item, and overpayment recovery.
Clinverse Automates the Link Between Clinical Trial and Finance Management
Clinverse developed its solutions with today’s global studies in mind; we can support multiple currencies at every level.
Our offerings can handle the complexities of global currency payments including contract currency, translation timing and gain/loss recognition.
Structured to Suit Sarbanes-Oxley and the Sunshine Act
At Clinverse, our solutions support the requirements of the Sunshine Act—it can track NPI numbers for both the PI and the HCP receiving payment and by supporting start and stop dates.
And we recognize that many organizations are interpreting their Sarbanes-Oxley requirements to include the need for an invoice from the site before payment can be made. To address this issue, we’ve crafted a site portal which allows for automatic generation of invoices.
Complete Fund Management: In One Place
Our clinical trial software has full funds management capability, which allows a sponsor to avoid making deposits with their CROs.
As an added bonus, our clinical research systems also support approval routing and funds on a study-by-study basis.