Financial Management
Managing trial finances shouldn’t slow study execution.
Medidata Clinical Trial Financial Management (CTFM) brings budgeting, site negotiations, and payments into one connected experience, so financials stay aligned as studies move forward.
Work Smarter and Faster
Clinical trial finances don’t move in a straight line. As studies evolve, changes to protocols, sites, and timelines affect budgets, forecasts, and payments.
Instead of resetting financial decisions at each stage, Medidata CTFM keeps those decisions connected as studies progress. With real-time financial visibility across planning, execution, and closeout, teams identify issues earlier and make decisions based on current data.
One Financial View across the Study
Earlier Insight into Cost Impact
More Predictable Site Payments
Decision Alignment as Trials Change
From Planning to Payment
Budget Planning
Build Study Budgets Grounded in Real‑world Cost Data
Budget decisions set the foundation for the entire study.
Medidata CTFM supports early budget planning with access to benchmarks, Fair Market Value (FMV) data, and study-specific context to understand cost drivers and site burden before negotiations begin.
Users are empowered to create budgets that are realistic, defensible, and ready for execution.
Explore the Solutions
Medidata Grants Manager
Create fair, defensible site budgets using real-world cost data. Grants Manager supports clearer negotiations and early alignment, helping teams avoid downstream surprises.
Explore Grants Manager
Medidata Site Payments
Manage site payments based on live study activity, not manual reconciliation. Site Payments supports accurate, predictable payment cycles with less administrative effort.
Explore Site Payments
FAQ
How does Medidata CTFM streamline the site payment process?
The solution includes Site Payments, which handles complex budgets and payment terms by automating cost calculations triggered directly by data entered in Rave EDC (or any other EDC system) in real time. This automation ensures accurate, on-time payments and eliminates payment delays associated with manual triggers.
Can Medidata CTFM help with accurate study budget planning?
Yes. Through Grants Manager, users can quickly build study budgets using benchmarks at every level of detail—from therapeutic area and phase to specific geographies and sites. The system allows for real-time scenario planning to measure the financial impact of different study designs and burdens.
Is the platform capable of handling global tax and invoicing regulations?
Yes. Medidata Clinical Trial Financial Management is designed for global trials, capable of executing payments to nearly every country in every currency. It features automatic global tax capabilities and a global invoicing module that automates and distributes electronic invoices, ensuring compliance and reducing the administrative burden on sites.
What visibility do sites have into their financial status?
The platform includes a dedicated Site Portal that provides sites with complete transparency into the budget negotiation and payment processes. Through dashboards and reports, sites can track payments, view auto-generated invoices, and conduct adequate financial planning, which helps improve site satisfaction and sustainability.
Does Medidata offer training for its clients and partners?
Yes. Medidata offers a variety of training options for our clients and partners, including both self-paced and instructor-led courses. To learn more about available courses and to access our resources, please visit the Medidata Global Education and Training section.