This brief examines how life sciences organizations are modernizing clinical trial financial management to address rising complexity, cost pressures, and operational inefficiencies. It highlights challenges such as fragmented budgeting, delayed site payments, poor cost visibility, and manual reconciliation processes. IQVIA outlines innovative approaches that integrate financial planning, contracts, payments, and forecasting within a single, data-driven framework. By leveraging automation, real-time analytics, and standardized workflows, sponsors can improve transparency, strengthen site relationships, reduce cycle times, and maintain better control over trial spend while supporting faster, more predictable study execution.

Join for free to read