The essential lawyer billing software for a firm
Le lawyer billing software is a healthy practice's best friend.
As we all know, avocados don't live on love and fresh water. And without invoicing, no fees. So why on earth is this task seen as the bane of their to-do list?
No doubt because the time devoted to it takes time away from more essential missions: file processing, client meetings or even the firm's growth strategy.
Yes but… Bringing in money “physically” is part of the life of any business that wants to survive and flourish. Of course, not all firms have a dedicated accounting department and the smallest of them have to do everything themselves, in addition to consulting work.
But this step is no less essential. So you might as well roll up your sleeves and find the tool that will free them from this repetitive work.
Invoicing software for lawyers or how win time
The path to invoice a client is a bit like an obstacle course: complete the mandatory information, calculate the fees excluding VAT and including VAT, send the invoice, monitor the collection, follow up on unpaid debts, transfer everything to the accountant. And all this, for every customer the earth has ever known.
So why not take advantage of the benefits of technology and innovation? In fact, simple software can pre-fill all the mandatory invoice data. Above all, it does the boring calculation and editing tasks in place of humans. This in just a few clicks on your phone wherever you are geographically.
In addition, the system automatically synchronizes with features that track files instantly. Is a file closed? This systematically triggers invoicing. Goodbye to the mental load of accounting!
Edit invoices quickly: the promise lawyer billing software
Each his trade. And employees have better things to do than calculate additions or percentages.
Digitalization has the ability to produce a number of invoices per minute that a fast human typist would be incapable of producing. Lawyer invoicing software industrializes the editing of invoices and exports the data to any accounting tool.
In addition to saving time, readability is also very clear thanks to the centralization of all essential information. A dashboard summarizes the list of customers to be invoiced, the pricing conditions negotiated with them and the payment history.
Stop losing money and control in real time the cash flow of his office
Firms, like any business, are facing a phenomenon that is killing cash flow. Yes, we are talking about unpaid debts which represent 30% on average of shortfall. However, cash flow is the crux of the matter, especially in this period where the digitalization of law is giving rise to competitors eyeing the lawyer market (not to mention the gloom linked to COVID).
Invoicing is already a thankless task. But follow-ups and follow-up are even more important. Lawyer billing software will take care of all of these time-consuming tasks. The gain from the operation? 30% on average more in cab turnover.
This tool gives associates the ability to see the cash flow situation live. And therefore to identify lucrative market shares and take appropriate actions for the growth of the firm thanks to the time saved on invoicing.
