Collections Insights
There's a secret affecting your firm's accounts receivable collection efforts
Interest rate play a crucial role in shaping economic conditions. Law firms, like any other business entities, are not immune to the effects for interest rate fluctuations. One area where the impact is particularly felt is in accounts receivable management. In this article, we will explore the reasons why higher interest rates may be affecting accoutns receivable payments to law firms and discuss strategies to navigate these challenges.
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Low Hanging Fruit: Your Firm's WIP and Accounts Receivable
If you are looking to improve your Firm's performance, one way to improve it is by prioritzing your unbilled...
The Top 10 Reasons your Firm should consider automating the Cash Forecasting Process
Your Firm may significantly benefit from automating the periodic cash forecasting process...
The Case for Law Firm Cash Forecasting Software
Some considerations that your Firm's Chief Financial Officer (CFO) may consider when deploying law firm cash forecasting...
The Benefits of Using Workflows With Accounts Receivable Collections Systems
Using workflows with an accounts receivable collections solution offers several benefits and can streamline the collection process. Here are some reasons why...
Law Firm Year-end Cash Collection campaigns: The finish line is in sight
If your law firm operates on a calendar year, the finish line is in sight, and December 31st will be here before you know it. If you haven't already been working on improvising the firm's accounts receivable status, now is the time to get to work.
Where does your law firm fit?
In 2023, top law firms contracted, mid-sized grew, and the lowest tier firms struggled. Where does your firm fit? And why proper collections strategy, hygiene and processes are an important aspect of law firm success.
