Overview
When law firms adopt new software, is the finance team considered?
When law firms adopt new software, the focus is often on efficiency for fee earners, support staff, and cost savings. But what about the finance team?
Too often, they’re expected to adapt to whatever system is chosen without consideration for their specific needs. If you’ve ever felt this frustration, you’re not alone.
One of the most frequently asked questions when talking to client firms about a possible move is: “Can Actionstep replace my current legal accounting system?” The answer is a resounding yes!
Streamlined Accounting
Actionstep streamlines the approach to legal accounting. Putting the user experience at the heart of the processes. Almost all the actions a fee earner or cashier would need are accessed on one single menu, reducing time spent searching for screens or functions.
Full Bank Reconciliation in One Place
One of the key features finance users love is that Actionstep allows you to manage both client and office banks directly within the system. You get full reconciliation facilities, along with the option to import electronic statements seamlessly making month-end processes faster and more accurate.
Improved Credit Control
If cash flow management is a priority, Actionstep has built-in features to help you improve credit control. The ability to email bills and statements with just a few clicks streamlines the billing process. There’s no need for additional configuration or add-ins, making it an out-of-the-box solution that keeps things simple.
Comprehensive Reporting Made Easy
Finance teams thrive on reports and Actionstep has them abundance. Whether you need them for month-end close or daily tracking, Actionstep makes the process user-friendly. Key benefits include:
- Favourite Reports: Mark frequently-used reports for quick access, eliminating the need to search through menus.
- Saved Configurations: Reduce repetitive data entry by saving custom report settings for future use.
- Clear & Detailed Insights: Gain full financial oversight with detailed, easy-to-understand reports.
- Custom Reports: Use the intuitive report builder to satisfy those additional analysis needs.
Intrigued?
If you’ve been hesitant about transitioning to a new system because of finance functionality concerns, now is the time to take a closer look at Actionstep. It has everything finance teams need to stay efficient, compliant, and in control of their processes.
Feel free to get in touch with Hayley to learn more about how Accesspoint can help you.
