Having relevant, accurate data at your fingertips empowers you to make strategic decisions that significantly enhance your firm’s processes and boost your bottom line. This ensures that sensitive data remains secure and strengthens the ethical walls in your firm. ![]() The latest software includes security features like access profiles that let you restrict the ability of any user to view, enter, edit, or delete information from any client or matter. Given the sensitive nature of legal work and the large amounts of personal data that attorneys handle, it’s crucial to have billing and accounting software with robust security features. This flexibility ensures that your clients have multiple avenues to settle their bills, increasing the likelihood of prompt payments. Look for software that integrates seamlessly with major credit card processing platforms. Here again, legal-specific software solutions give your firm this capability, allowing you to enter the payment in only one place and include a payment link with your emailed statements so clients can settle their bills online. Built-in Credit Card ProcessingĪccepting credit card payments can significantly speed up the payment process, shifting collection heavy lifting to credit card companies. This capability can significantly streamline your invoicing process, transforming legal billing from a tedious task into a swift, efficient operation. The software should also let you attach a PDF statement to each client’s email, giving them a clear, detailed record of their charges.Īnother key feature is batch billing, which allows you to generate multiple invoices to send to a group of similar clients in just a few minutes. This not only saves time but also minimizes the risk of human error. Seek out software that lets you set up email templates that auto-fill client information. There’s a faster and more accurate way to bill your clients: using software that automates the email invoicing process. These errors can cause confusion and disputes. Consider the potential for mistakes when manually entering client information for each invoice or the fallout from forgetting to attach a PDF statement to an email. ![]() Manually drafting and sending each invoice presents its own challenges. Still sending invoices by mail or fax? Today’s clients expect to receive invoices electronically, and firms that fail to meet this expectation can experience payment delays and even client dissatisfaction. This flexibility ensures your firm can handle any billing scenario efficiently and accurately, improving client satisfaction and revenue management. Law firms and their clients benefit from software that offers flexible billing options, from standard hourly billing to contingency fees, flat fees, retainers, electronic task-based fees, thresholds, progress billing, and more.įor cases involving multiple payees, the software should support split billing, allowing you to divide fees and costs among two or more individuals. It can also cause frustration among your clients if you fail to accommodate their billing preferences. Using software or manual systems that don’t cater to the specific needs of law firms can lead to inefficiencies, inaccuracies, and even lost revenue. Moreover, situations involving multiple payees add another layer of complexity. Law firm billing scenarios vary widely from standard hourly billing to contingency fees, flat fees, retainers, and more. ![]() These errors can lead to compliance issues, client dissatisfaction, and lost revenue.īut there’s a way to simplify the process: a legal-specific billing and accounting software solution that allows you to streamline your financial management, save you time, and boost accuracy. And when this work is done manually, it increases the risk of errors. The complexity of law firm accounting also means you can end up with less time to devote to client work. Between tracking billable hours, issuing invoices, processing payments, managing trust accounts, and generating reports, it’s easy to feel overwhelmed. Managing your law firm’s finances can be complex and time-consuming. Checkout these five billing and accounting software time-saving features.
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