Earlier this week, two cloud-based practice management programs announced integration with other programs and features to help law firms with their financial management.
MyCase Integrates with Quickbooks
Many law firm practice management programs include billing and timekeeping modules as part of the program itself or as an additional add-on. As the infographic below demonstrates, many legal clients prefer online billing:
But billing and timekeeping helps lawyers with only one part of their financial management - the billing. Back-office or accounting functions are generally handled by separate accounting programs, resulting in duplicated effort, lost productivity, and increased opportunity for error.
As described more fully (on video, too) on the MyCase blog, cloud practice management program MyCase has announced a new integration with Quickbooks, a program used by many solo lawyers and small firms for their accounting functions. The Quickbooks integration doesn't just mean that MyCase is compatible with Quickbooks (in other words, that it allows for export of information from MyCase to Quickbooks), but that it is fully integrated with MyCase software, eliminating the necessity for duplicate entry. All it takes is one click to sync information.
The MyCase integration is compatible with both the desktop and online versions of Quickbooks (something not seen with other Quickbooks integration or compatibility), and after a one-time setup fee of $99, it is free with a MyCase subscription. Even better - MyCase is offering a reduced set up fee of $49 for users who enroll before September 30, 2013.
Rocket Matter Client Portal
Rocket Matter also released information on its newest practice management software upgrade this week, which includes a secure client portal and integration with credit card processor LawPay. Once again, more complete information on the release is available on the Rocket Matter blog.
Rocket Matter's client portal allows attorneys to securely share documents and calendar dates and appointments with clients in a secure environment, branded with the firm's logo, providing a single location for clients to obtain information about their matter.
The portal also allows firms to bill clients and receive payment directly through the portal; clients are notified of the invoice, log in to the portal and can pay immediately, online. When clients pay through the portal, the firm's financial ledgers in RocketMatter are automatically updated, eliminating the need for staff to enter the payment into the system.