Medical breakthroughs and growing demand
Advances in medical research are increasing demand for clinical trials across the world. Multinational sponsors need teams of investigators and site managers located in a range of countries—increasingly in emerging markets. Contract Research Organizations are at the heart this global ecosystem.
Often, processing payments for participants, staff and sites abroad is not cost-effective or manageable.
Inefficient processes and limited payments methods
Difficulty processing high volumes of payments in multiple currencies efficiently and accurately
Data security and customer privacy concerns
Manual operations contributing to delayed and incorrect payments, and difficulty tracking and reconciling
High transaction fees for paying participants and staff in their local currencies
With a global payments specialist by your side, you can automate your payments process, reducing costly errors and increasing your operational efficiencies.
The AFEX advantage
Our solutions put the world of global payments at your fingertips, directly from your ERP or accounting platform. Whether you are scheduling ten payments or ten thousand, we can create a solution customized to you.
Our technology solutions are supported by our global payments and risk management expertise and our long heritage of personalized service. Our account management and tech teams collaborate with yours from planning through integration and beyond.
The AFEX Solution
Unmatched payments infrastructure
Global banking network facilitates rapid, secure delivery of more than 100 currencies to 180 countries
Comprehensive licensing and regulatory framework
Our established framework and compliance expertise help you scale your operations
Automate manual processes
Our systems automate beneficiary management, reconciliation and reporting, saving time and reducing errors
Flexible and customizable solutions
Seamless project management and collaborative support ensures speed to market with no disruption
Multi-currency holding accounts give you access to more payment methods and more currencies
Security and data protection
Sensitive data is securely stored using the latest industry standards in encryption, transmission protocols, and data privacy regulations