Cashflow Solutions for Lawyers
While Caseload can build out your firms’ profitability it can also help you maintain a healthy cashflow to make sure bills are paid on time keeping the suppliers happy and clients can be monitored in our advanced Credit Control software to keep the bank balance moving in the right direction.
Manage your purchases
Firms know that suppliers can be just as important as clients and it’s vital to keep track of what you buy and for how much.
Purchases management software is a vital component for keeping cashflow of your legal firm in order. You can store general details and trading terms, run reports to see what you’ve bought, who you owe and when.
Posting of invoices and payments is easy, together with the Suggested Payments list to automate who is paid what and when; thereby strictly controlling your cashflow.
Purchase ledger can be linked to Legal Accounts Cheque Processing for easy and automated payment runs.
Credit Control enables you to provide tailored credit solutions for your clients, ensuring maximum control and flexibility. Terms and payment plans can be set centrally or made specific to a client or matter, with separate credit limits available for bills outstanding and WIP.
Credit limits can be set as a fixed amount or as a percentage of a specified case value. Limits and user defined statuses can be used to control access to accounts postings or case actions, to allow fee earners to monitor balances quickly and easily.