Tip of the Week | 2 min read Share:

Tip of the Week: TimeSolvPay and Zero AR

Written by Maleeha Ahmad

2 min read

TimeSolv offers innovative tech solutions to the legal industry’s toughest challenges. TimeSolv’s own payment collections solution, TimeSolvPay, allows firms to accept payments online. This means getting paid faster with a convenient option. When law firms cannot collect full compensation for services rendered, they accumulate high Accounts Receivable (AR), which represents the number of outstanding invoices held by the practice. An elevated AR interferes with a firm’s cash flow and ability to manage regular overhead costs.  Recognizing the threat that high AR poses to the legal community, TimeSolv provides an innovative solution that modernizes the entire payment process and helps firms work towards Zero AR.  

Here are some of the incredible features and benefits TimeSolvPay offers:

  • Next-day funding provides faster access to funds than traditional invoicing and paper check payments.
  • No monthly, annual, industry, or hidden fees and guaranteed savings on credit card processing.
  • Retainer replenishment and payments to trust.
  • Ethically compliant functionality ensuring fees are deducted from the proper account.
  • Increased collection rates and improved cash flow.
  • Automation capabilities such as recurring billing and payment plans.
  • Secure electronic presentment and payment options for invoicing.
  • Convenient, contactless payment options for clients – they can even pay from their smartphone!

Users can sign up for TimeSolvPay directly from within the TimeSolv app. Head under Payments>Settings>TimeSolvPay tab. Check out our help articles for more information on how to get you set up!

With secure credit card and ACH processing now built into TimeSolv, our users can spend more time practicing law, and less time chasing invoices. Make your cash flow worries disappear by running hundreds of payments on schedule with just a click of a button. What’s more, TimeSolvPay has a custom-built portal to easily track payments.

If you’d like to contact TimeSolv support for help, please call 1.800.715.1284 or schedule a FREE 30-minute session now!

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