We live in a digital era and in case your law firm hasn’t been digitized yet, now is the time. In order to keep up with the ever-growing client demands, it is mandatory for law firms to step into the digital world and meet the clients’ requirements with efficiency and in a short span of time.
Going digital not only means workflow automation and a digital cloud storage, but it also includes an effective billing process. Law firms need to move on from the traditional style of practicing law and billing process that included paper invoices. Thanks to technology advancements and LegalTech, it is now time for e-billing and e-invoicing to evolve in the legal industry.
Let’s take a quick look at what e-billing actually is. In simple words, e-billing is a system where a law firm is able to create, review and send invoices to clients electronically – a process that has eased up a complicated task for legal practitioners.
Some of the most apparent benefits of e-billing include:
- Improved billing accuracy by saving time
By automating legal billing workflow that turns manual tasks into automated ones. These tasks include time tracking, invoice generation and invoice delivery. Legal e-billing workflow automation allows legal practitioners to enhance efficiency and spend less time on manually creating invoices, which in-turn also saves money for the law firm.
- Faster payment and improved cash flow
Billing and invoicing electronically closes the gap between invoicing and collections. This means that through e-billing, lawyers are able to send more accurate and clear bills that clients can immediately pay as they see no room for error with the calculation business. Clear and accurate e-invoicing also helps law firms save time from the unnecessary back-and-forth communication to explain or correct formatting errors.
- Obtaining a client-centered experience
As the digital competition grows in the legal industry, the legal clients expect law firms to prioritize client experience for them. Law firms can easily be able to do this through e-billing by providing transparency and clarity in their billing structure, which can lead to increased trust level.
- Helps in data-driven business decisions
Through e-billing, law firms can now easily track billing data, track key legal analytics, as well as create legal billing reports in order to paint a clear picture of your law firm’s billing-related key performance indicators, leading you to make significant and impactful decision for your business.
E-billing and e-invoicing has been taking over in the legal industry and we completely understand why. With the Kingdom of Saudi Arabia implementing e-invoicing and making it mandatory, we are proud to announce that we stay in-line with the Saudi Arabia’s government rules and regulations, which is why Casengine also features e-invoicing as part of our strategy to continue serving our clients.