Payment Plan Software for Law Firms and Professional Organisations — How to Use it Effectively to Increase Revenues and Improve Cashflows?

If you are thinking about improving revenues and cashflows in 2021… you are not alone!

The instalment payment plan ‘disconnect’ in professional services firms

So why law firms do not enable client payment plans for their clients?

  1. “I am not a bank”. Absolutely. Although there is no need to be one, and we would not recommend it. If the instalment payment plan is set in the right way for a client, one can mirror the expected work performed in phases with a customised instalment payment plan. Irrespective whether your fee structure is flat fee, retainer, hourly rate.

Why use payment plan software for law firms and other professional organisations as a tool to increase revenues and improve collection rates?

What are the key features to look out for in a payment plan software?

Is such payment plan software available for law firms and other professional organisations?

--

--

--

Branislav is director and investor at payink.com, a financial technology company aimed at increasing collection rates for SMEs.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Legacy Cannabis Operators Shunned From Billion Dollar Industry

Interview with KraneShares CIO Brendan Ahern: The Launch of the STAR-50 ETF, KSTR

Authoreon launches the A-ID, the World’s First Machine-Readable Optical Label on the Blockchain

Fred Smith Just Retired

Product Owner: Value Maximizer

Cash App$ Customer Service USA | +1–888–338–8633| Phone Number@ For Cash App

Interview: Kenneth K. Team Lead of Cyber Republic News & Social Media

How Big Data is Disrupting the Financial Industry

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Branislav Trajkovski

Branislav Trajkovski

Branislav is director and investor at payink.com, a financial technology company aimed at increasing collection rates for SMEs.

More from Medium

Changing our tech stack…

Using Choo-Choo World for Early Years Learning

How a Leadership Base Camp builds young artisans’ soft skills to help them succeed at work

Google Has a New Job Interview Practice Tool You Should Try ASAP