Why your Law Firm should be outsourcing your Cashroom

One of Denovo’s law firm partners saved £22,000 by outsourcing their Cashroom. That’s a fact. And believe it or not it happened in 2020.

We all know why businesses are tightening their belts and looking to outsource the likes of their account’s functions. It’s now not enough to continue operating in an antiquated way. It’s all about convenience and minimising the slack in every area of your practice. And with remote working going nowhere fast, you need to be sure you are prepared with the right systems and support in place.

Focus on what you want to be doing

Most solo and small to medium sized legal practices still utilise outdated and ineffective tools for their legal accounting needs. If you fall into this category, you really could be putting your firm at a significant disadvantage.

Inadequate legal accounting software and can lead to excessive amounts of time spent on accounting tasks, as well as the potential for increased errors. Whether you are stuck in the stone-age of paper systems, using accounting software that is not tailored to your practice, or spending 10s of thousands of pounds on salaries for in-house cashiers, it is past time you make the change to effective, streamlined, flexible and compliant ways of working. If you put your trust in others to run your cashiering, management accounts and payroll functions, you can focus on what you want to be doing – feeing, supporting your clients and running your business.

Outsourcing helps you get the focus back on your core business and control costs at the same time. If you find yourself asking the following questions, then click on the link below to read more:

  • Are we working at optimum costs?
  • Are my resources being utilised effectively?
  • Are my current resources capable of supporting new technology?
  • Is there a quicker, more effective method to handle processes?
  • Does my team have the operational expertise to do the task assigned?
  • Can we work remotely, securely and efficiently, whist staying compliant?

To find out more about the main benefits of outsourcing your Cashroom click here – https://www.denovobi.com/news-events/articles/why-your-law-firm-should-be-outsourcing-your-cashroom