Why it's important to streamline your eChits and billing requisition process
Streamlining the eChits and billing requisition process is essential for a law firm to enhance operational efficiency, improve financial management, and maintain client satisfaction.
By optimising these processes, your firm can reduce administrative burden, minimise errors, expedite expense approval and billing, and ultimately accelerate cash flow while ensuring accurate and timely invoicing.
This effort contributes to a more efficient and client-focused legal practice, strengthening your competitive edge and reputation in the industry.
What you can do to streamline your eChits and billing requisition process
Improve the accuracy of the data recorded for financial transactions by creating shortcuts for details, payee and payer. Fee earners can select the shortcuts when advising accounts of incoming receipts or outgoing payments making the eChit process faster and more effective. Ledger cards are user-friendly with standardised narratives for payments and receipts.
Bill faster by creating a set of regularly used narratives, preventing the time taken by retyping text.
eChits and bill requests can be set up so management can authorise, reject or delete these requests. Any eChit or bill request that has been authorised is directly forwarded to the accounts team to post. Gone are the days of chasing partners at certain times of the day to sign many pieces of paper saving money, time and energy.
How to streamline your eChits and billing requisition process
Access our resources below for guidance on streamlining your eChits and billing requisition process: