How Automated Site Payment Solutions Are Revolutionizing Clinical Trials

By Richard McCann, Head of Global Sales - Site Payments & Budgeting

In clinical trials, financial and administrative challenges often overshadow clinical complexities, particularly in site payments. Manual processes, payment delays, and lack of transparency can create significant obstacles for sponsors, CROs, and sites, potentially impacting the participant experience and trial outcomes. Implementing a dedicated site payment solution can address these issues effectively, leading to smoother operations, enhanced financial visibility, and improved results.

A well-designed site payment platform transforms the site experience by ensuring timely and accurate payments, which are crucial for maintaining site engagement. According to a Greenphire survey, 85% of sites prefer working with sponsors and CROs that use technology to streamline payment processes. A reliable payment system can reduce manual effort by up to 90%, boost site morale, and reinforce trust between sponsors and sites, minimizing disruptions and enhancing trial efficiency.

For sponsors, the benefits extend beyond site management. An effective site payment solution can deliver a 50% reduction in time spent on payments and financial reporting, a 20% decrease in non-recoverable leakage, and even shorten study timelines by a month. Embracing such technology promises cost savings, improved cash flow management, and data-driven insights, positioning sponsors and CROs for greater success in the evolving clinical trial landscape.