Escrow-Free Site Funding: On-Demand Payment Technology Offers Accuracy, Speed, and Transparency Whitepaper
Escrow-Free Site Funding: On-Demand Payment Technology Offers Accuracy, Speed, and Transparency
During a clinical trial, one of several complex clinical operations is managing account payables to investigator sites. To mitigate challenges in the process, organizations would often place tens of millions of dollars into escrow to expedite site payments.
Modern technologies, however, can solve the accrual, forecasting, and visibility challenges that have plagued the investigator payment process for decades. By implementing an on-demand, escrow-free payment process, trial sponsors are able to retain their working capital, Contract Research Organizations (CROs) can focus on trial execution, and investigators can be paid accurately and on time.
Download the white paper to review current site payment process practices and understand how software tools can transform the process to efficiently solve the problem that first gave rise to sponsor-funded escrow accounts.