Why CFS?
With profitability and regulatory compliance pressures mounting in the clinical trials industry, pharmaceutical sponsors are eager to maximize their R&D spending. Investigative sites face the same regulatory pressure as well as more complicated study protocols. Through our unique business process outsourcing capabilities, CFS provides standardized, consolidated business and financial management solutions that enable our clients to:
- Shorten the study initiation phase, which maximizes the number of sites that are activated and “enrollment ready” when the enrollment phase of the trial begins
- Accelerate contract and payment cycle times
- Enjoy improved investigator relationships and satisfaction
- Satisfy federal (Sunshine Act) and state aggregate spend reporting requirements
- Improve treasury and cash flow management
- Improve financial viability for future research programs
- Improve quality
- Reduce costs
- Focus on core competencies
CFS is well qualified to provide best-in-class financial management solutions to clinical trial sponsors and CROs because we offer:
- Focused Expertise: CFS is the only company that provides turnkey solutions for clinical trials in the areas of site activation, contract negotiation and investigator grant payment administration and offers unique and long-term domain expertise.
- Innovative Processes: CFS has developed efficient business processes to standardize, simplify and accelerate site activation and financial management activities.
- Integrated Technology: CFS has built a world-class technology platform that includes best-in-breed components that are integrated with our proprietary applications to centrally track key operational data.
An independent survey conducted by The Avoca Group reveals that clinical trial sponsors are overwhelmingly satisfied with the services provided by CFS.
Download the Survey Results.
