Site Cash Flow Strategies for Better Budgeting & Faster Payments

Carlos Orantes, CEO of Alcanza Clinical Research,  shares insights into modern-day budgets and payments at the site level and discusses the challenges faced by sites, including holdbacks and delayed payment terms.

Carlos delves into the complexities of financial planning for sites, discussing the differences between revenue projections and cash flow forecasts. Carlos also provides valuable strategies for sites to encourage on-time payments, emphasizing clear communication, negotiation of payment terms, and accuracy in invoicing.