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TEAMAWARD16|OperationsPresident’sandTeamAwardsGlobalClinicalPOAlignmentIn2019themajorityofclinicaltrialcontractswerepaid viaACRresultinginasubstantialburdentoglobalaffiliatefinanceteamsandtheinabilitytofullycentralizeclinicalsitepaymentsThisteamidentifiedtheopportunitytotransformawayofworkinganddrovetheglobaltransitionfromahighlymanualprocessintoasinglesystemthatdeliverssubstantialefficienciesandsavingsacrossseveralfunctionsincludingR&DFinanceandPSMIn2021theteamfullyimplementedglobalclinicalPOalignmentToachievethisgoaltheprojectteamcoordinatedwithstakeholderstotransitionfromapatchworkoflocalclinicaltrialcontractingandpaymentprocessesintoasingleglobalprocessAmongthemanybenefitswerestandardizationofordersfor40clinicaltrialcountriesreductionof30000ACRsincreasedcomplianceandaccelerationofclinicaltrialcontractingandexecutionThistransformationhasresultedinpermanentbenefitsacrossourbusiness
