Legal billing software is specially designed software for lawyers and attorneys to capture the billable time and generate invoices in a timely manner, which is vital in boosting up the speed and efficiency of the law related activities. This software is beneficial both for lawyers and clients as it makes it easy for legal firms or individual lawyers to maintain financial records.
It assists in various activities such as storing the client details, maintenance of contact lists, recording accurate billing time, managing trust accounts, tracking clients’ histories efficiently, automated case managements, and so on. The main aim of legal billing software is to optimize the efficiency of legal offices. Let us know about some of the advantages of using legal billing software.
Automatically charges phone bills, charge for fax or FedEx
As the name says ‘legal billing software’, this software handles all the billing details of all the clients. This software automatically calculates the charges for phone calls made to clients, fax, FedEx, time spent on each case, other expenses made on clients, etc. and generates bills separately for each client. If you have standard or repeat customers, then recurrent billing cycles are performed by this software automatically.
Effective and accurate billing
Legal billing software offers error free billing mechanism. Unlike the traditional bookkeeping method of recording clients’ details and their bills, this automated system is very much accurate in recording the details and the bills are perfectly compliant with the firm and the customer. This software also monitors the billable hours accurately and generates invoices based on employee rate and by the nature of task.
Easy to bill multiple clients
The details of multiple customers can be maintained and managed easily with this software. Handling multiple customers will involve many payments. Traditional bookkeeping practice of storing information will start becoming ineffective as the number of clients increases. Therefore, making use of this automated software will make the entry, managing, billing and retrieving of any number of customers’ details easy.
Saves time and increases productivity
This software precisely tracks the time invested on various customers’ tasks and bills them accurately, which will help you to handle your time much more effectively. The main advantage of this software is that it saves time greatly. Since, this software does everything, right from tracking the details and billing the customers, it reduces the time and effort needed by the workers to create invoices, bills, filing of necessary details, etc. The employees will be able to concentrate more on their core work and increase their productivity.
Easy to track bills – instantaneous data retrieval
Regular paper documents often get misplaced or lost. Maintaining paper is unproductive as we need to search through all the documents present in order to get a client’s details. But this is not the case with legal billing software. This software can store any amount of information and organize this information effectively, which helps in easy retrieval of data. Sophisticated search capabilities (using keywords) and user friendly interface can help you track any kind of billing information within seconds.
Secure, reliable and provides backup
Legal billing software provides security for various auditing details. By enhancing password protections, only authorized personnel will be allowed to access your invoices and charges. This makes it very much reliable. This electronic data filing system also provides backup whenever the data is lost or misplaced, which is almost impossible with paper filing.
Just install this software in your system before you start processing your clients’ cases. The moment it starts running, it records the clients’ details, billing hours, expenses generated and various other details to generate invoices. It is the most productive billing tool for various legal firms and attorneys today.