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.
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.
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.
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.
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.
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
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:
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.
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.
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.
