Clinical Trial Sponsors Survey Results For CFS Clinical

An independent survey conducted by The Avoca Group reveals that clinical trial sponsors are overwhelmingly satisfied with the services provided by CFS.

GLOBAL PAYMENT MANAGEMENT SERVICES
Respondents counted time savings and budget savings among the chief benefits of Global Payment Management Services from CFS.

Shortened Clinical Timelines
Most respondents recognized that using CFS for investigator payment management had saved their company time, but they were unable to quantify the specific time savings.

Budget Savings
Most respondents stated that using CFS for payment management services had saved their company money overall, but most were unable to quantify this cost savings.

CONTRACT & BUDGET NEGOTIATION SERVICES
In addition to time and cost savings, respondents stated that Contract & Budget Negotiation services from CFS reduced their legal risk.

Time Savings
At least half of the respondents named effective/efficient issue resolution, efficient processes, and trial visibility gained through the use of dashboard/reporting as reasons why CFS contributed to time savings for their clinical trials.

Cost Savings
Major contributions from CFS in this area included easier payment administration due to proper payment terms (saving staff time/costs), just-in-time grant funding/elimination of large pre-payments, effective/efficient issue resolution, experience/efficiency of CFS staff, efficient processes, excellent quality control, and contract term standardization.

Reduced Legal Risk
67% of respondents reported reduced legal risk as a major benefit of having CFS manage their budgets and clinical trial agreements.