Billing and Accounts Receivable Administration

In conjunction with providing quality legal guidance and service to your clients, managing your revenue cycle is the most critical aspect of any business. Our program is designed to help you effectively track your time and work product and we do the rest. ProLegal’s revenue cycle administration is an integrated service that helps you automate the practice of billing and collection activity through our professional support. With our services, you spend less time performing and managing administrative tasks and more time serving clients or enjoying quality work‐life balance. To help you get up and running efficiently, our dedicated professionals coordinate an effective and standardized billing process tailored to fit the needs of sole practitioners:

• Reporting your time/ work product:
  You document your work details and charges in our billing system to allow for precise and accurate billing. After billing, we convert the details to actionable reports and graphic dashboards within our billing software recapping your current performance versus expectations and evaluate proactively the ability to make improvements.

• Get your bills out the door:
  We invoice on your timing, as often as feasible to support premium cash flow. We create a preview of all client invoices that is efficient and timely for your review. Upon your approval, ProLegal generates and submits client invoices. Our current invoicing platform supports electronic, LEDES, paper and plain text invoice transmission and supports alternative billing arrangements.

• Stay on top of accounts receivable (AR):
  You maintain guidance and design the policy for the collection process as it relates to your clients. We implement the customized solution for you with the objective of maximizing receivables and decreasing the time in AR. The result is a client interaction that would replicate your own, saving you time and energy.

• Quality internal reporting
  We help to measure profitability, key operating metrics and project future financial performance. We can also develop specific reporting through a variety of dashboard and other automated reporting methods that reach you as often as necessary. Where necessary, our team provides actionable recommendations for you based upon proven best practices, allowing you to intelligently and proactively manage your business. We give you all of the detail to make quick and informed decisions necessary to addressing your business concerns.

Accounts Payable Administration:

You determine the process to control the flow of cash without spending unnecessary time administrating the function. Using our check and balance system, payments are prepared and recorded by our team; you then confirm the transactions and decide how to distribute the payments. You decide whether you retain the ownership of signing and distributing the checks or if ProLegal acts on your behalf to submit payments.

Optional General Ledger Accounting:

Partner with ProLegal to perform this critical function of the revenue cycle which includes all of your financial information recorded, updated in real time and available for your review with monthly banking reconciliations and financial statements. Because ProLegal does not offer tax preparation as a service, our system allows for easy sharing of your information to your tax professional.