Treasury
The lack of integrated technologies makes it difficult to properly calculate grant dollars earned and efficiently administer payments to sites. Our streamlined processes and technologies allow your organization to collect and process all required financial data quickly and effectively while facilitating analysis, forecasting and risk management.
CFS understands the complex financial challenges involved in the management of clinical trials. Our innovative software and precise processes allow us to calculate your monthly trial spend with accuracy, so you make just-in-time payments rather than paying months in advance.
CFS has strategically partnered with Wells Fargo to offer treasury management services that provide several advantages:
- Enhanced global business intelligence, compliance and financial controls through near-time, accurate accruals and reporting
- Ability to fund trials on a “just-in-time” basis
- Flexibility to make payments globally in foreign or local currency
- FX capabilities through CFS/WellsFargo Bank
- Superior financial controls using straight-through processing via the CFS/Wells Fargo Banking Network
- 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.
