transforming the business of clinical trials
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Financing
CFS has been providing Financing to Sites in the US for over 10 years. We know the Investigator payment process and the difficulty it creates for Research Sites.If you are a Site that needs an alternative source of financing, CFS is there…..especially in these uncertain times. The Company has created a financial product where CFS purchases accounts receivable and advances the proceeds as needed by the Site. Strategic Benefits By financing your Accounts Receivable with CFS you will have: Cash when you need it More borrowing leverage than a typical bank Improved cash flow and access to more working capital—helping support faster growth The ability to accept profitable studies with extended payment terms A valuable tool in maintaining your long-term financial viability
How it Works Getting started with our Financing services is fast and easy: Submit your application to be approved for financing Upon approval , client signs up for Receivable Management and Financing Services CFS provides Receivable Management services CFS is made the payee under each Clinical Trial Agreement CFS purchases invoice at 80% - 90% of Gross Invoice amount based on Site credit review Reserve is established for the remaining 10% - 20% of the Gross Invoice Amount CFS collects from the Sponsor Remaining 10% to 20% is returned to , less applicable fees , upon payment by Sponsor
New Account – Site Financing Application
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