Flexible Payment Terms
The IF-RS platform can be set-up to accommodate Weekly, Monthly or Quarterly Payment Terms. Payments are processed immediately following the receipt of the invoice, which is based on approved and accepted clinical activities.
Trusted Global Banking Partners
Our international banking partners enable us to execute payments efficiently and securely in any currency required by our Sponsors. Furthermore, our main banking partner provides us with the instruments to hedge currency risks, enables us to quickly validate recipients' account details, offer secure accounts to keep Sponsor's funds separated from any other accounts and partner with us to deliver a robust financial digital platform.
Multi-currency payments
Currency exposure
Dealing with sites across Europe and globally means dealing with financial risk exposure to a vast range of currencies. Applying hedging instruments to mitigate these risks is part of our full service solution.
Invoicing in foreign currency
By invoicing in a foreign currency you become more attractive to sited and may be able to negotiate better terms.
Use multi-currency accounting and budgeting tools
Accounting and budgeting tools are used to calculate gains, losses and total currency exposures for multiple invoices.
Foundation and Custodian Accounts
IF-RS is using a separate legal entity under Dutch law, called Foundation "Stichting IF-RS" is a legal entity, to make sure deposits made by sponsors are secure at all times.
The foundation is run by a independent board who supervises the distribution of these funds. By using so-called Third Party Accounts, the foundation further guarantees that the deposits are kept separately from IF-RS' own working capital, hence providing full peace of mind to sponsors.