ClinPay® is part of a suite of products designed to automate the enti re fi nancial lifecycle of global clinical trials, including the translati on and import of contract terms, contract management, investi gator and vendor payments, GAAP and multi -currency accounti ng, and fi nancial reporti ng and compliance.

What’s in it for you?

As the new standard for automati ng the fi nancial lifecycle of global clinical trials, Clinverse helps sponsors and CROs reduce workload and costs while improving transparency and control.

Measurable return on investment ❱ Clinical operati ons staff can reduce ti me and

resources spent on off -task fi nancial and administrati ve duti es by as much as 40%.

In a benchmark study comparing current manual processes to the automated processes provided by ClinPay, data show that companies managing clinical trials can expect to reduce costs and manual eff orts required to pay sites and other vendors by as much as 30 to 40%.

❱ Finance and clinical teams have complete, real-ti me access and visibility into the fi nancial status of their clinical trials.

Develop a higher level of confi dence in your fi nancial outlook, including investi gator payments, accruals, invoicing, and cash management. Finance professionals can also easily leverage payment data to accurately predict trial spend on existi ng and future studies.

Increased competi ti ve advantage ❱ Att ract and retain high-enrolling, high-performing

sites to your studies.

Highly successful sites are at a premium in today’s competi ti ve clinical trial landscape. Att racti ng the best sites can mean the diff erence between starti ng and completi ng your studies on ti me and incurring signifi cant delays. Clinverse’s automated payment system pays sites more frequently, based on contracted payment terms and helps increase site sati sfacti on and engagement, while promoti ng positi ve site behaviors, resulti ng in a higher likelihood of recruiti ng those sites for future studies.

❱ Complete studies on ti me or early.

Accruals and ongoing reconciliati on across all fi nancial ledgers virtually eliminate end-of-study fi nancial reconciliati on. By reducing the ti me it takes to close out a study, our clients increase their chances of meeti ng or reducing study ti melines.

Decreased ramp-up ti me and learning curve ❱ Intuiti ve design is simple to use.

ClinPay was designed by experts with deep knowledge and experti se in clinical trials and fi nance, specifi cally with a view towards opti mizing clinical trials.

❱ Simply leverage the automati on and let the technology take care of the rest.

Clinverse works closely with our clients to set-up, confi gure, and rigorously test through a full UAT process, so you’re ready to hit the ground running once the system is live.

www.clinverse.com • 877.325.1122

By partnering with Clinverse, sponsors and CROs benefi t from:

www.clinverse.com • 877.325.1122

ACCOUNTING/FINANCEGAAP compliant accounti ng. Automate GAAP standards and compliance, effi ciently automate contract amendments, and access full audit trail capabiliti es; supplement general ledger functi ons and export relevant fi nancial informati on to your current general ledger accounti ng system.

Automated accruals. Contract terms are matched against clinical acti viti es, triggering fi nancial transacti ons and automati cally tracking all accruals.

“Just-in-ti me” funds management. Establish unlimited bank accounts and virtually manage your own funds (no pre-funding of trust account required).

Invoice management. Manage site invoicing process.

Real-ti me reconciliati on. Eliminate need for end-of-trial reconciliati on.

Least-cost payment routi ng. Effi ciently minimize payment transacti on fees (ACH, IAT, etc.).

CLINICAL OPERATIONSSimplifi ed contract terms. Patent-pending contract meta-language (CML) converts contracted payment terms, regardless of complexity, into acti onable items triggered by clinical acti vity, with no programming required.

Site access and performance. Provide sites with access to payment informati on and the ability to submit ad hoc requests; promote positi ve site behavior by incorporati ng eff ecti ve contract terms.

Flexible payment terms and frequency. Create/negoti ate/manage any conceivable payment term (e.g., by procedure, visit, milestone, etc.); pay sites as oft en as desired to increase site sati sfacti on and engagement.

Issue resoluti on. Virtually eliminate site payment inquiries and related issues.

Manage changed data. Automate payment adjustments caused by changed data the site (i.e., changes made in EDC).

Manage amendments. Automate changes to clinical trial agreements resulti ng from protocol amendments (retroacti vely and/or prospecti vely).

Sunshine Act/Open Payments compliance. Store, manage, and export investi gator payment acti vity, required NPI numbers, and PI start/term dates.

GLOBAL CAPABILITIESGlobal currencies and accessibility. Electronically access any bank in the world, generate a test deposit prior to actual payment, and make electronic payments (ACH, IAT, and Wire) to global sites in up to 140 diff erent currencies.

Regional setti ngs. Generate invoice requests to internati onal sites in up to 16 diff erent local languages.

Real-ti me foreign exchange rates. Access live “spot rates” for real-ti me foreign currency exchange rates.

VAT tax management. Track VAT at the line item level and provide related informati on for recoupment.

WAC certi fi cati on. Pay internati onal sites (i.e., Russia/Ukraine) only upon executi on of required WAC documentati on.

Nuts and Bolts…

OPERATIONAL LOGISTICSFlexible, effi cient implementati on. Study-by-study or enterprise-wide implementati ons; typical single-study implementati on goes live in 6-8 weeks.

Seamless integrati on. Open API allows for seamless integrati on with your existi ng eclinical and accounti ng systems, including EDC, CTMS, IVRS, ERP, data warehouses, SAP, Great Plains, and others.

Confi gurability. Highly confi gurable soft ware setti ngs, including fi elds, tabs, screens, workfl ow, alerts/noti fi cati ons, approvals, and roles; dynamic screen rendering displays only what is relevant to the end user.

Noti fi cati on engine. Establish manual or automated email and text message noti fi cati ons based on confi gured workfl ow, approvals and SOPs, improving communicati ons internally and externally (i.e., send detailed remitt ances with each payment made to a respecti ve site).

Confi gurable approvals. Six confi gurable levels of fi nancial approvals with multi ple approvers available at each level.

TRANSPARENCYCustomized user access. Provide access by role to CRO, sponsor, and/or vendor personnel. Ability to confi gure “view-only” access down to the fi eld level.

Dashboard view. Confi gurable views based on defi ned user access.

Sponsor/CRO expense view. Real-ti me access to fi nancial and operati onal data.

Site access and visibility. Provide access to site personnel to view paid acti vity and generate non-contracted ad hoc purchase requests; provide detailed payment remitt ance (by line item) with every payment made to site.

Reporti ng. Access to a suite of standardized reports, downloadable in multi ple formats; custom report development available upon request.

ENTERPRISE CLASS INFRASTRUCTURE AND

SECURITYSecure web-based platf orm. SaaS delivery model boasts an SSAE 16 Type 2 certi fi ed world-class data center and fi nancial banking center to ensure payments are securely transmitt ed.

World-class ti er III data center. Site, infrastructure, and hardware redundancy, disaster recovery, off -site backups, and extensible private cloud. Clinverse data centers are independently audited, scanned, and certi fi ed for compliance under the requirements of SSAE 16 Type 2, PCI DSS 2.0 Level 1, and Safe Harbor.

Data encrypti on. All transmitt ed informati on is 256-bit SSL encrypti on with signed certi fi cates. Criti cal fi nancial informati on is AES encrypted.

Technology stack. Windows server, IIS, MS SQL server, .NET.

Automati ng the enti re fi nancial lifecycle of clinical trials.

Training. Onsite and remote training services available, including train-the-trainer curriculum.

Site contract services. Contract development and negoti ati on services available upon request.

Technical support. Dedicated phone/email support for all end users.

Multi ple service opti ons. Three service models available: full-service outsourcing, hybrid, or knowledge transfer.

SERVICES

Let’s get started.Contact us today to see how we can help you automate your clinical trial fi nancial lifecycle!

Clinverse, Inc. architected the industry’s fi rst end-to-end technology soluti on that automates the fi nancial lifecycle of global clinical trials. Powered by our secure technology platf orm, our soluti on standardizes clinical trial fi nance and manages millions of fi nancial transacti ons across the globe, including clinical site payments. Used by leading BioPharma companies, our clients benefi t from reduced workload, ti me, and costs gained through automati on and unprecedented transparency and workfl ow. For more informati on, please visit www.clinverse.com.

About

www.clinverse.com • 877.325.1122©2014 Clinverse, Inc. All rights reserved.

What else can we do for you?Clinverse off ers a full suite of soluti ons to fully automate the enti re fi nancial lifecycle of global clinical trials. Other product off erings include:

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Clinverse Inc.

Clinverse, Inc. 4505 Emperor Boulevard, Suite 130 Durham, NC 27703

What our clients are saying...

“Given the size and reach of our trial, it was important for us to work with a payment soluti on provider with global capabiliti es. The Clinverse team was able to seamlessly integrate ClinPay with our CRO provider and the necessary clinical systems, allowing our CRO to focus their eff orts on the important clinical acti viti es required of this trial.” —Senior Director of Finance and Corporate Controller, Chelsea Therapeuti cs

“In the past, our old system required an 8-10 hour manual process on a monthly basis to reconcile payments. With ClinPay, at the simple push of a butt on, a report is generated which shows how much we owe each site. What used to be a cumbersome process has been streamlined to a 5-minute process, providing us with defi niti ve results that show our real-ti me, true liabiliti es.”—VP of Finance, Naurex, Inc.

®

for trial budget management and forecasti ng

for contract import automati on

for site fi nancial process transparency

for data mining and reporti ng

for subject reimbursement