Improved healthy cashflow.
Without a healthy cash flow and clear visibility on payment timelines, your law firm may struggle to operate effectively. A restricted cash flow also hampers your ability to place orders with suppliers. At YourCashier, we prioritise ensuring that your receivables are collected in line with your credit terms, thereby optimising your cash flow management.
Huge cost savings.
While hiring a credit controller can entail significant costs, with YourCashier managing your credit control, it’s just like having an in-house credit controller, minus the office space and full salary commitment. Depending on your volume of customers and invoices, you may only require a few hours per week to maintain a healthy cash flow.
Less stress for your law firm.
Leveraging our expertise, YourCashier adeptly manages the task of collecting your money, significantly reducing your stress levels. Consequently, you can direct your focus towards generating more business and executing tasks aligned with your qualifications.
Better client relationships.
All our legal cashiers undergo extensive training in the nuances of legal etiquette and represent your practice as if they were part of your team. Client service excellence is paramount to our business philosophy. Moreover, we tailor our credit control strategy to align with your values and objectives, ensuring seamless integration with your firm’s ethos.
Why Credit Control Is Vital for Law Firms: Ensuring Financial Stability and Client Satisfaction
Understanding the Dynamics of Recovery Rates in Legal Billing.
Burnett & Reid LLP
“When one of our cashiers left the firm in 2015, we made the decision that it might be the time to change the way we work and outsource part of our Cashroom function. We thought it would be a more efficient approach and it would take away some of the stress from our own management of ensuring we had Cashroom staff in the office each day. No need to worry about holiday cover or sickness cover anymore and ensuring that the transactions on our client ledgers are posted on a daily basis. We approached a couple of companies that offer this service and in the end decided to go with Your Cashier.”
“Over the last six years, we have had a consistent point of contact that feels like they are our own cashier. We easily set up a process with them that works for us and them and” the postings are done on a daily basis, with the client bank account being reconciled daily. They also assist us with setting up bank payments.”
“We have been very happy with the service that has been provided and I would certainly recommend giving Lynne a call if you are considering outsourcing your Cashroom function.”
