Clinverse, a company which automates the financial lifecycle of global clinical trial providers, and eClinical Insights, a provider of cloud-based clinical trials software, have formed a strategic partnership to offer an integrated tool for clients.
The companies will provide a service offering combining Clinverse’s ClinPay solution -- which automates sponsor payments to clinical vendors, investigators, and other parties – with eClinical Insights’ integrated technology platform to help companies turn data into information that can be used to drive business decisions.
Brion Regan, head of strategic development at eClinical Insights, explained, “Our clients will benefit from optimized data sharing across the functional teams (Clinical Operations & Finance) tasked with managing investigator sites, and executing site payments. For instance, when evaluating the overall performance of a particular site, users will have a more holistic view of that information, and will be able to rapidly identify any correlative effect on their clinical trial budget.”
With the financial lifecycle management of ClinPay and the combined trial management capabilities of eClinical Insights' TrialOps Director and inTrial Metrix applications, sponsors and CROs can further improve the performance of their clinical trials while reducing labor costs associated with payment and accounting processes for clinical vendors and investigative sites.
Steve Ayala, President of Clinverse, told us: “Clinverse and eClinical Insights share a common methodology in that our respective applications integrate data in real-time from underlying source technologies (EDC, IVR, Etc.) using web-services, to automate manual processes, and optimize workflow. Where eClinical Insights Platform uses this approach to eliminate redundant manual processes, and spreadsheet driven workflows for tracking, analyzing, and optimizing the operational performance of clinical trials, Clinverse leverages an identical approach to automate the process of managing the financial lifecycle for clinical trials.
Much of what is done manually in the industry can be performed via technology with an integrated tool such as the one offered by Clinverse and eClinical Insights, Ayala added.
Peg Regan, president and CEO of eClinical Insights, noted, “Adding Clinverse as a strategic partner in our integrated technology network enables us to expand the reach and capabilities of our platform…This partnership and integrated solution fit seamlessly with our philosophy and approach to improving trial performance across a complex eClinical ecosystem.”