AccuNet

IS YOUR CRO PEOPLE READY?
Choose your ROLE
from the following
five business
areas to be sure:

Sponsor
Billing Manager
CFO
Billing Manager
Study Manager
Site Manager
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CFO

CFO

Is this study going to be profitable? How can I reduce my AR to increase cash flow? Our business is growing? How will I get all this extra work done with my current staff? What about security? How can I ensure that the right people are seeing the right information?

You’ve got a lot on your plate as a CFO. The CEO is asking for study profitability reports. The Study Manager needs to know how much of the Sponsor start-up is left. The Sponsor wants to know your spend rate on a particular study so they can budget on their end. The Site Manager is calling the Study Manager who in turn is calling you about their investigator fee payments. Finally the Billing Manager is new so he/she does not know where to find the invoice detail to match up vendor re-bills.

Stop. Breathe. Now image a system that would empower these people with the tools and information they need with little to now demands on your own time?

AccuNet’s CRO Accounting & Study Management system is designed specifically to give all these people the tools and information they need, unique to their job role. AccuNet has worked with many CROs to provide visibility and accountability into everyday operational tasks – empowering your people to track studies, maintain financial reliability, and make decisions.

Read more about the solution here

Responsibility

  • Track budgets and costs to create competitive and profitable bids/jobs.
  • Analyze financial data from the site and study level.
  • Perform accurate revenue recognition.
  • Manage the overall financial health of the company.

Pain

  • Cannot accurately cost studies.
  • Pass-through expenses and investigator payments not being re-billed to sponsor.Poor profitability forecasting.
  • Complicated billing process.
  • No visibility into study profits.
  • Unable to track multi-currency and multi-company reconciliations.

Solution

  • Empower your people with the tools and information they need to do their job.
  • Automate the billing process.
  • Streamline the payment process to investigators.
  • Capture all pass-through expenses and reduce man hours.
  • Capture all pass-through expenses and reduce man hours.
    More....
“There was nothing out there for CROs to track costs against studies. Everything required multiple points of manual data entry and re-entry. AccuNet has shown us they know our business and has even helped to automate many of our systems including the complicated investigator payment process.”

-A CRO Chief Financial Officer

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