NEW FEATURE: Expense Any Card on the Caxton Expense Platform
Expense Management that flexes to your unique way of doing it
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Public Sector Healthcare
When asked to 'deliver more with less', small changes to your process can have a large impact.
Small changes such using an expense management systems or an API can make a huge difference, transforming how you manage spend allowing you to focus on more pressing issues such as the ability to attract talent from overseas, cutting time consuming manual tasks, shortening payment timelines including payroll, and the ability to integrate international payments across payment platforms.
Private Sector Healthcare
Expense management is increasingly more complex and difficult to reconcile for many private healthcare settings, especially those such as care home with multiple sites.
Caxton Expense Management makes expense management a simple process.
Giving staff and financial teams the ability to reduce the administrative burden of expense management by providing them with the automated processes saves valuable time and money allowing them to get on with their role.
Life Sciences Industry
With clinical research being such a large part of our health ecosystem it has never been so important to have the ability to recruit and retain research volunteers. Having the ability to manage, and quickly pay out-of-pocket expenses (or an inconvenience allowance) to participants can be the difference between site failure or success.
Caxton's API and expense management systems provides a simple way to manage clinical trial patient reimbursement, all the while keeping your own branding lessening the potential for confusion.
Health Tech
Being a health technology company can wreak havoc on your bottom line. With huge sums needing to be invested and long payment terms, often after delivery, cash flow can pose a challenge. With Caxton's specialist advice, dedicated relationship manager and payment systems, companies can learn to navigate their greatest challenges to focus on what's important. Growth.
Keeping your money safe
We go beyond industry standards to ensure your assets are protected at all times. From safeguarding your funds with leading banks, to two-factor authentication and a dedicated anti-fraud team, our compliance framework ensures our commitment to security and trust for all of our clients.
Halve payment timelines with streamlined bulk and payroll payments
Sending hundreds or thousands of payments to staff and suppliers each month can be labour intensive and expensive. Overseas payments add an additional level of expense and labour. Maintaining adequate cash flow is one of the most important factors for any business day to day, so making bulk and payroll payments 1-2 weeks before the actual payday can leave businesses with a hole in their balance sheet. Automating payroll payments can lead to same-day payments, which could see your healthcare organisation in a better financial position.
Case Study: Major London Hospital
Our case study demonstrates how we have partnered with a major London hospital to redesign their expense management systems to be fit for the NHS of today. It has allowed them to attract the best overseas talent, reduce the bureaucracy involved in paying their staff wages, reducing their reliance on cash, improving security and allowing them more time to focus on patients.
Case Study: Silver Birch Care Homes
Our case study with Silver Birch Care Homes demonstrates how Caxton's Expense Management system has transformed their ways of working, automating their systems and making tasks easier for staff so they have more time doing the jobs they love rather than administrative tasks
Flexibility & Simplicity
Caxton Expense Management and API's allows the pharmaceutical, biotech and life science industry to use the latest technology to reimburse trial sites and patients for their expenses at a moment's notice. With the ability to make faster payments to over 45 countries, at bank beating FX rates, Caxton makes it easy for you to set up trial sites, and reach and retain patients.
The Caxton system affords you:
- Flexibility. Not only can you manage funds to respond to your study's demands as needed, for example, setting up a new site to widen recruitment, to train staff and getting them the right equipment at a moment's notice but in the right currency without crippling FX fees.
- Lowered administrative burden. The ability to track all payments centrally and by CRAs makes budgeting and reporting to study stakeholders a simpler experience.
- Increased patient retention. With post-trial reimbursement leading to high drop out rates Caxton provides the platform to allow you to reimburse patients as and when they occur expenses. The ability to afford to travel to a site should not be a reason for not taking part in a clinical trial.
- Simplicity in payments. By using an API or expense management system, pharmaceutical companies or CROs can brand payments or pre-paid payment cards as their own, lessening the potential for confusion or time consuming queries from sites and patients alike.
Case Study: Illingworth Research Group, a Syneos Health Company
Our case study demonstrates how we have partnered with Illingworth Research Group, a Syneos Health Company, showing how Caxton's systems have been integrated into theirs allowing them to reach their vision of providing a patient concierge service, setting their services apart from their competition.
To understand how Caxton's Payment and Expense Management systems could transform your clinical trial payment systems book a demo and speak to one of our experts experienced in the life sciences sector.
Tailor-made hedging solutions & great support
Health technology companies can often find themselves needing to finance projects until after delivery, especially during that delicate start-up phase when cash flow can be difficult to manage. Caxton's tailor-made solutions can make the difference between sinking or swimming in such a competitive environment.
Caxton are experts in international payments and how best to manage them to mitigate your biggest challenges and maximise your bottom line.
Arrange a call with one of our team and talk through how Caxton can help your company today.
Case Study: Helicon Health
Our case study demonstrates how our support and advice have helped Helicon Health, a health technology company working to supply the NHS with digital healthcare technology that helps clinicians and patients collaborate more effectively for better shared care, navigate their challenges through effective hedging strategies. This has changed their cash flow management so they can now focus on growth for the future.
