Take the guesswork out of invoice management. With flexible workflows, process site-generated invoices or allow sites to generate their own if their systems aren’t up to the task. Match invoiced fees to approved budgets to avoid over or underpayment.
Eliminate the need to store site-generated invoices in a separate location; simply attach to your records in Hypha for easy access to source documents.
Easily track an invoice status and when and how invoices are paid. Send queries to sites from within the discussion platform to avoid easily overlooked emails. Easily track open discussions to more easily track actionable invoice items.
Sites have easy access to all invoices and associated payments processed during the trial so sponsors and their partners can avoid time-consuming site inquiries regarding payment status. Sponsors can easily enter payment methods and dates for ultimate transparency.
Exportable lists of invoiced line items to allow sites to more easily reconcile their fees if they use a parallel CTMS for tracking.
Stop chasing sites to request invoices. We find that busy sites often delay invoice submission, meaning accrued fees stay on a sponsor’s books longer than desired. With Hypha, you can generate a draft invoice which informs sites of invoiceable line items leading to more timely site invoice generation.
Control when payments are released based on site progress, ensuring compliance and financial accuracy.
Submit your business email, and we’ll review your request—most approvals happen within 24 hours, so you can start exploring the Budget & Invoice Manager in no time. (One complimentary study per CRO/Sponsor.)
Create your budget templates and clone for individual, customizable site budgets. Once budgets have been created for individual sites, you can begin tracking site-generated invoices or allow sites to create their own from within Hypha.
Match invoices to approved budget line items; never pay an invoice that cannot be matched to an approved budget. All previously received invoices will always be available in one centralized location in Hypha; no more wondering if a budget line item has already been paid!
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