More and more law firms are beginning to recognize the need to obtain the assistance of trained accounts receivable professionals to reduce slow or non-paying accounts without the risk of litigation. Proper management of accounts receivable is critical to a firms’ bottom line. They also are recognizing that CoreVision’s expertise in the accounts receivable function can be utilized to assist them as consultants, advisors or alternate service providers, not only to them but to their clients with cash flow concerns.
CoreVision Legal Support Services Group (CLSS) offers comprehensive solutions for all your accounts receivable issues.
Services we offer to maximize law firm cash flow:
Consulting
CLSS will perform a detailed review of the billing, credit, collection and cash application processes currently in place. We will review the existing policy, procedures, processes, staff and systems capabilities to determine what changes need to take place (if any) to obtain the desired results. Our objective is to create workable policy and procedures that make sense and therefore are adhered to. We will then provide a comprehensive report and can assist in implementing the agreed upon changes.
Services we offer include:
- Design and assist in implementing a formal credit and collections policy and procedures manual that will help your firm meet its goals. Areas we will address include:
- Timely and accurate recording of Time and Expenses per client.
- Timely and consistent billing.
- Proper application of payments.
- Training of staff.