Finance and Accounting
CFS gives you the detailed financial reporting you need to accurately plan and analyze the financials of your clinical trials. Our sponsor portal gives you unparalleled financial visibility, enhancing your ability to better forecast and manage your clinical trial budget—and reforecast that budget as your trial progresses.
Partnering with CFS for Global Payment Management and Global Contract Management Services offers a host of benefits for your finance team:
- Improved budgeting, planning and consolidations
- Reduced manual data redundancy
- Improved reporting and analytics
- Virtual audit capabilities
- Consistent visibility of your global operations
- Accurate and timely accruals
- Decreased financial risk by ensuring that payments are in line with contracts
Moreover, as a result of the CFS initiative to adopt SAS 70 standards as part of our control environment, our internal controls meet the requirements of Sarbanes-Oxley Section 404.
Accounts Payable
Outsourcing your accounts payable function to the Global Payment Management team at CFS reduces both your costs and your workload tremendously. Missing and late investigator payments are no longer your concern because we manage all site payments and associated customer service to your research partners and make sure those payments are accurate and valid. In fact, our efficient business processes and integrated technologies significantly reduce the number of payment-related issues and questions from investigators. However, should a site have a question, a CFS representative will be on the case using a sophisticated case management application that tracks and documents the reason for the call and follows it through to resolution.
