Introducing the New Clinical.ly Finance Module
Clinical research site finance is not underserved by effort, but by infrastructure. Spreadsheets, disconnected billing tools, and manual reconciliation were never built for the complexity of multi-sponsor portfolios, evolving budgets, and the volume of billable activity a single study generates.
Clinical.ly Finance was built to meet that complexity directly.
A Clinical Trial Financial Management Solution Built for Sites
The Finance Module is a purpose-built clinical trial financial management solution, designed specifically for clinical research site finance rather than adapted from generic accounting software. It gives finance teams, coordinators, and administrators one platform for procedure cost tracking, sponsor invoicing, financial reporting, and budget forecasting, connected to the operational data behind every study.
In Successful Sites Are Still Operating at a Loss, we examined how delayed sponsor payments, fragmented tracking, and limited forecasting quietly erode the margins of even well-run studies. Clinical.ly Finance addresses each of these directly.
Key Features of the Clinical.ly Finance Module
Procedure Cost Tracking
Track every billable item tied to clinical procedures in real time. Automated cost tracking closes the gap between what’s performed and what’s billed, reducing missed charges and improving revenue capture across every study.
Smart, Sponsor-Specific Invoicing
Reusable, sponsor-specific invoice templates adapt to each study’s billing requirements. Standardized invoicing reduces reconciliation errors, shortens payment cycles, and removes the need to rebuild invoices from scratch for every sponsor.
Centralized Financial Document Storage
Contracts, receipts, and supporting documentation attach directly to invoices. Centralized, audit-ready storage keeps financial records organized and accessible during sponsor audits and regulatory inspections.
Real-Time Revenue Oversight
Dashboards built for clinical research site finance teams monitor study financials from initiation to closeout. Real-time visibility into cash flow, receivables, and pending invoices supports faster, more confident financial decisions.
Budget Forecasting and Variance Tracking
Built-in forecasting tools model revenue projections and track budget-to-actual performance across every active study, surfacing variance early and supporting sustainable growth at scale.
Why Sites Need a Dedicated Finance Platform
Clinical research site finance requires alignment between the IRB-approved protocol, the sponsor contract, and the data captured in the EDC — three sources that don’t always agree, and rarely live in the same system. Without a platform built for that complexity, finance teams reconcile these gaps manually, study by study, sponsor by sponsor.
Clinical.ly Finance gives finance and operations teams a shared source of truth, aligning financial accuracy with research integrity rather than treating them as separate functions.
Where Financial Accuracy Meets Research Integrity.
How Can We Help?
Finance is most effective when connected to the rest of a site’s workflow. The Clinical.ly Research Suite integrates Finance with eReg, eSource, eConsent, Site Operations, ClinicallyPay, and ClinicallySign, keeping financial data aligned with operational reality from study startup through closeout.
Reach out to us and let us know how we can help.