When one engages a law firm for services, they are told about a fee. This fee is measured by how much time associates and other members of staff spend on the case. If one is not careful, the number can go up pretty high. Therefore most clients will ask for regular checks on the status of their invoice. The old way is all about manual updating of sheets with new data and time stamps. The new way is ebilling for attorneys. This is quite popular as it comes with multiple benefits.
This can free up time for more cases since manpower will have some time left over. The firm might also decide to go a different way, maybe get rid of all the extra staff. Bottom line is that the firm will save on time. It will save on money. Most of all, clients will be happy. Not to mention the possibility of a quicker settlement of accounts. End of the month is a busy time in every company. Everyone is rushing to compile their reports for analysis. In law firms, this exercise might be slowed down by the old model of invoicing.
Experts say that electronic invoicing has an ROI of up to 15% guaranteed. It could be higher. There will also be a notable increase in productivity. Not to mention it is guaranteed that the electronic documents will be compliant and accurate.
To ensure the system always stays functional and effective, the firm must look into a metric system. These are sort of bullet points against which the functionality is measured. Also, ensure that the client sends a written confirmation of receipt. One is advised to keep the electronic copy of a document for at least five years after the case/file is closed.
Before the establishment of metrics, the company must invest heavily in good software. This will be a company asset. The software should experience little to no downtime. It should be supportive of all efforts at the firm. It should also meet client requirements as far as invoicing goes. There are many options on the market.
On that note, simplicity is key. The interface of the software should be simple. It should be user-friendly. The relevant parties must be adequately trained in all things invoicing system. With the old model, the responsibility of invoicing and such relied heavily on specific people. This posed a problem in the event of a turn over or absence.
The training should be done by an expert. Someone with extensive knowledge of how the software works. Someone who will do the installation and even train the staff. The same person would be able to display the capability to troubleshoot possible issues.
In this digital age, firms must move with the times. It is just more convenient for both parties. Clients will understand the documents better. At the very least, do it for the happiness of clients. There will surely be a change on the bottom line. Besides saving on costs, it will make your processes fast and more efficient.
This can free up time for more cases since manpower will have some time left over. The firm might also decide to go a different way, maybe get rid of all the extra staff. Bottom line is that the firm will save on time. It will save on money. Most of all, clients will be happy. Not to mention the possibility of a quicker settlement of accounts. End of the month is a busy time in every company. Everyone is rushing to compile their reports for analysis. In law firms, this exercise might be slowed down by the old model of invoicing.
Experts say that electronic invoicing has an ROI of up to 15% guaranteed. It could be higher. There will also be a notable increase in productivity. Not to mention it is guaranteed that the electronic documents will be compliant and accurate.
To ensure the system always stays functional and effective, the firm must look into a metric system. These are sort of bullet points against which the functionality is measured. Also, ensure that the client sends a written confirmation of receipt. One is advised to keep the electronic copy of a document for at least five years after the case/file is closed.
Before the establishment of metrics, the company must invest heavily in good software. This will be a company asset. The software should experience little to no downtime. It should be supportive of all efforts at the firm. It should also meet client requirements as far as invoicing goes. There are many options on the market.
On that note, simplicity is key. The interface of the software should be simple. It should be user-friendly. The relevant parties must be adequately trained in all things invoicing system. With the old model, the responsibility of invoicing and such relied heavily on specific people. This posed a problem in the event of a turn over or absence.
The training should be done by an expert. Someone with extensive knowledge of how the software works. Someone who will do the installation and even train the staff. The same person would be able to display the capability to troubleshoot possible issues.
In this digital age, firms must move with the times. It is just more convenient for both parties. Clients will understand the documents better. At the very least, do it for the happiness of clients. There will surely be a change on the bottom line. Besides saving on costs, it will make your processes fast and more efficient.
About the Author:
When you want to use the right Ebilling for attorneys you should turn to the internet for help. One of the best online sources is right here at http://www.invoiceprep.com.
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