Since its deployment VertiPay has been tracking and managing expenses using the "per expense" method. However, as we expanded and started supporting Eastern European clinical trials, this expense type was a bit cumbersome and heavy on local administration processes and resources. Working with local and EU regulators we added a new expense type in our platform. Now, CROs and Sponsors can choose between "per expense" and "per diem" expense types when setting up a new trial in VertiPay.
With "per expense" type, the participant submit receipts and all reimbursements are based on them them. Receipts can be submitted using our web and mobile applications.
"Per diem" expenses are automatically calculated in VertiPay using predefined criteria defined by the clinical trial manager (CRO or Sponsor) when setting up the trial. These are expenses incurred by the participant while on a trip to and from the clinical trial site. Clinical trial expenses typically include accommodation, transportation, food, and any other incidental expenses.
Today, the VertiPay team anounced the delivery and deployment of our fintech API module that allows CROs, Sponsors and Investigators to reimburse clin...
In an effort to make clinical trial management and participant reimbursements even easier and less time consuming, we are extremely happy to announce ...
