FINANCIAL OVERVIEW AND MANAGEMENT

WIN Outsourcing Consult offers to identify all payment schedules for Client’s ongoing studies with the aim of proposing a solution to easier budget management

Keeping track of study budgets and CRO/Vendor payments can be a significant task if multiple studies are run by multiple CROs/Vendors under different types of financial payment terms. 

If Client has no tools or processes for managing accruals, it is almost an impossible task to effectively manage study budgets.

Solutions could be:

• to consider investing in commercial tools for forecasting clinical trial costs and financial accrual management
• Develop own tool for forecasting clinical trial costs and financial accrual management
• Manually re-visit all current payment schedules across ongoing studies and re-negotiate milestone payments across all CROs/Vendors, making the accrual management simpler to handle