Ever seen a carefully planned study schedule slip because a site invoice went missing? It happens all too often, and it should not.
We have autonomous vehicles on city streets, yet in clinical research, teams still chase down paper checks and reconcile spreadsheets manually. Clearly, something is off.
Clinical trials have evolved into complex, global operations. Protocols expand, regulators tighten requirements, and budgets swell with every protocol amendment.
Yet many sponsors and CROs continue to rely on outdated methods such as:
Fragmented point solutions
Manual copy-and-paste rituals
Siloed spreadsheets like “Budget_FINAL_v21.xlsx”
The predictable fallout includes:
Blown budgets
Delayed site payments that drift far beyond net 30 terms
Compliance gaps discovered during audits
Longer delays for patients waiting for new therapies
70% of clinical trials experience start-up delays, according to a survey by Thermo Fisher Scientific's PPD unit. That's nearly three out of every four studies losing valuable time before even enrolling their first patient.
91% of research sites report that delayed sponsor or CRO payments create operational challenges, based on a global survey conducted by Greenphire and the Society for Clinical Research Sites (SCRS). Issues like invoicing headaches, cash flow gaps, and staff distractions are the rule, not the exception
These numbers aren’t just statistics-they’re a wake-up call for anyone still managing clinical trial finances the old-fashioned way.
Modern clinical trial financial management demands real-time visibility, automated compliance, and seamless global operations. Traditional tools cannot keep up because they lack:
Support for region specific service scopes and pass through costs
Live tracking of payables, accruals, and contract limits
Multi-currency functionality for international trials
Instant, audit ready document trails
If this sounds familiar, it is time to modernize your financial management approach.
Cloudbyz uses historical benchmarks and externally available Fair Market Value (FMV) datasets to provide budget templates that can update automatically with every protocol change.
This speeds up negotiations, improves forecast accuracy, and prevents financial surprises.
Sites achieve milestones and receive immediate payment, keeping engagement high and project timelines on track.
No more calls asking, "Where is my money?"
Customized dashboards, automatic audit trails, and real-time reporting ensure you are always one step ahead of regulatory audits.
Cloudbyz connects your CTMS, EDC, and finance systems into one platform. Sponsors, CROs, and sites share documents, approve budgets, and track financial status in real-time.
No more "swivel-chair" analytics between disconnected systems.
As clinical trials become more global and complex, financial operations can no longer remain an afterthought. They are a strategic advantage.
By modernizing your financial management with Cloudbyz, you can:
Accelerate study start-up and execution
Ensure site satisfaction and retention
Breeze through audits with complete confidence
Base decisions on real-time, reliable financial data
At Cloudbyz, we help you transform financial chaos into clarity because every saved dollar and every reclaimed day gets life-changing treatments to patients faster