Are your Law Firm’s Billing processes in need of restructuring and/or streamlining? Do you realize that paperless Billing could be a reality?
Billing involves much more than preparing a bill.
Invoices should present the proper image of the Firm, available as a PDF instantaneously after posting.
Rippe & Kingston's LMS provides streamlined billing functionality, compliant with industry standards.
Paperless Billing is possible!
Last week, we discussed an Accounts Receivable Management (ARM) methodology that could be put into place to assist in simplifying Collections for your Firm.
By taking some extra steps and utilizing specific features and functionality that Rippe & Kingston's LMS software offers, the process can be much more efficient.
You may remember that one of the software's responsibilities we mentioned was initiating Firm Collection pushes via "Two Minutes Drills."
So, what does that mean?
The new "Two Minute Drill" Watchlist allows the Firm to easily set revenue goals for a specific time period and track Attorney (O/B/R) progress towards those goals.
Examples include 4th quarter goals or annual goals.
Are you ready to run a "drill" for your Firm's Attorneys?
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Does your Firm struggle with collections on a daily basis? Is it in need of a more efficient process?
To start, keep in mind that Accounts Receivable Management (ARM) truly begins with the Attorneys!
It is their responsibility to acquire "good, paying" Clients, obtain retainers whenever possible, and bill in a timely manner.
Once the foundation is set by the Attorneys, Rippe & Kingston's LMS can come into focus.
LMS was designed to assist the Firm and its Attorneys in the ARM process.
The system's responsibility involves:
- Providing easy to read Client invoices that enhance and/or reflect the Firm's image
- Providing monthly Statements of Accounts
- Providing Attorneys and staff quick and easy access to Clients' Investment Balances: Unbilled Time, Unbilled Cost, Accounts Receivable, etc.
- Providing a Collections Database
- Initiating Firm Collection pushes via LMS "Two Minute Drills"
Collections can be that simple!!
Do you have Clients and Matters that you would like to informally assess in seconds? Are you interested in the ability to inquire about a Client or Matter and view the corresponding data all in one convenient, browser-based location?
Rippe & Kingston's LMS+ Client/Matter Inquiry module was designed to provide you (and especially the Attorneys) with easy access to a wealth of information, including Unbilled Time, Unbilled Cost, as well as Month to Date, Year to Date, and Life to Date Activities.
This module is especially helpful when you are deciding whether or not to take on a new Matter for a current Client!
