Top 3 Myths About E-Billing Software Holding You Back
The very people in your firm that are actively discouraging you from getting an e-billing software likely lack a complete understanding of what the software does. These are people who have an unfounded distrust of technology and are entirely unaware of what legal technology systems such as an e-billing software may do for your workflow.
For the complete beginner, an e-billing platform does the following:
- It allows corporate legal departments to accept, review, and approve invoices from anywhere with a device connected to the internet.
- It can post invoices that can be extended, usually free-of-charge, to any number of law firms or independent lawyers.
- It acts as an online database of all case-related documents, emails, status reports, invoices, and more.
Many pervasive myths are holding whole firms back from being more efficient and cost-effective at their jobs. In this article, we will attempt to shed light on three of these myths and debunk them once and for all.
- E-billing is designed only for big corporate legal departments
The primary advantage of e-billing software is its scalability. While it will do an excellent job of organizing the workflow of a large legal department, it will do just as well with a team of only two layers. Smaller legal groups can take advantage of scheduling and automated reports/notifications, leaving them free to do other vital tasks.
The best thing is that once your team grows due to continued business, the system is already designed to work seamlessly to take in more users.
- E-billing is just another “green initiative” that doesn’t make business better
Saving on reams of paper is one of e-billing’s significant features—but it goes beyond that. When you use the screen instead of paper, you open yourself to using automated features, like data analysis, easy sorting, and table creation.
E-billing is also excellent at preventing computation errors and may even help avoid mistakes like double-billing. The digital nature of such software makes it easy for your cashier or accounting department to detect mistakes in invoicing, allowing them to see it before it gets sent out to clients.
- E-billing is very costly and complex to use
E-billing software can be costly and difficult to use because no two e-billing solutions are made equal! This means that you should always shop around to look for the best value for money one out there.
Evaluate your accounting department’s needs and see which one best complements their current setup. The best e-billing software out there is the one that makes your work easier while complementing your existing workflow—not the other way around!
Refusing to use e-billing software and continuing to rely on clunky spreadsheets may suit your current workflow just fine. Still, they are error-prone and offer nothing in terms of error detection and automation. Some e-billing software providers offer a free trial, so give it a try and see how much work it takes off your shoulders with much more accuracy.
While e-billing software may automate many rudimentary tasks, it isn’t designed to replace an expert cashier or bookkeeper. It merely makes it easier for them to do their job and frees them up to do other tasks that need their attention as well.
Legal Technology Finder helps independent lawyers and big firms alike by finding the software solution they need to streamline their operations. Besides e-billing software, we also work with document management tools, e-discovery software, legal contract management tools, timekeeping, and matter management. Browse our website today to learn more!