When is the study going to be complete? I
have billions of dollars into this drug and
I need to get it to market fast. How much of
our start-up grant has the CRO used?
At the recent CBI Annual Clinical Trial
Forecasting & Budgeting Conference in
Philadelphia, a sponsor asked the question:
“Why does it take CROs so long to invoice
us? It is impacting our reconciliation,
accruals, and monthly reporting to our
investors.”
Sponsors, both large and small, say they
do not have the visibility they need from
their CRO partners to help them manage their
cash flows, accruals, and overall budget for
each trial. Furthermore, they want to see
the detail on pass-through charges and grant
spends but CROs cannot provide that level of
detail.
The AccuNet CRO Accounting and Study
Management System based on Microsoft
Dynamics can give your Sponsors what they
want to see and turn this sore spot into a
competitive advantage. AccuNet has helped
other CROs cut their billing process in half
by automating their complex and often manual
processes. We have helped them better manage
their cash flow, improve working capital,
and provide seamless real-time reporting
that gives everyone (CROS and Sponsors) the
level of detail that they need.
