EAGAN, Minn., March 9, 2021 /PRNewswire/ — TimeSolv, a provider of world-wide-web-based mostly application for lawful billing and timekeeping, nowadays declared a new patent-pending accounting method dubbed “Zero AR,” built to raise selection fees and eradicate accounts receivable through seamless batch invoicing and electronic payments.
TimeSolv has established a innovative strategy for regulation corporations to get paid out for every single invoice.
“Even in advance of the pandemic, a lot of regulation corporations have struggled to acquire all the lawful fees they’re because of, leaving a part of their attained earnings powering,” said TimeSolv CEO Raza Hasan. “We’ve created a patent-pending procedure that will revolutionize firms’ accounting approach, strengthening the two dollars flow for the business and performance for again office environment workers.”
In essence, TimeSolv’s process integrates electronic payments and a new, industry-main batch invoicing system, permitting firms to quickly run payments for hundreds of invoices with one particular simply click, preserving precious time and sources. Companies that accept e-checks and credit playing cards get paid quicker and acquire a higher share of their billable do the job.
David Johnson, CEO of Modern Family Law in Denver, claims the TimeSolv method has enabled his follow to achieve a 97 % collection level, and purchasers respect the supplemental payment options available to them. “By converting our consumers to e-payments and making use of digital batch invoices, we get paid on our terms and have minimized our billing and processing time from a couple of times to a handful of several hours.”
Customized for the exclusive requires of attorneys, the ethically compliant software package makes certain that belief accounts are shielded from impermissible withdrawals such as credit score card charges, and intuitively deducts service fees from operating accounts alternatively than trust accounts. Users can established up automated recurring billing, payment ideas, and evergreen retainers, so clients have additional methods to spend.
Hasan included, “Zero AR signifies a essential change in the way the lawful field ought to tactic accounting and collection features. The time has come for legislation companies to adopt distant, contactless payments so lawyers have handle in excess of when they get paid out.”
To learn a lot more about the advantages of the Zero AR system, visit TimeSolv.com/zero-ar.
ABOUT TIMESOLV
TimeSolv aids attorneys and other gurus raise their billable time and get compensated speedier. Headquartered in Eagan, Minnesota, TimeSolv can be made use of offline and. TimeSolv is appropriate with PCs and Macs, iOs and Android and integrates with LexCharge and AffiniPay for on the internet payment processing.
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Resource TimeSolv
