TimeSolv Press Release
TimeSolv Launches New Payment Solution for the Legal Industry
CONTACT
Scott Clasen
TimeSolv – Director of Marketing
Phone (651) 687-0090 x 7011
scott.clasen@timesolv.com
Eagan, Minn. [FOR APPROVALS ONLY] June 10, 2021 – TimeSolv, a provider of web-based software for legal billing and timekeeping, today announced a new payment solution dubbed TimeSolvPay designed to allow law firms to increase collection rates and modernize and automate their receivables process.
For busy law firms of all types and sizes, this new premier payment processor creates a consolidated experience for time capture, billing, invoicing, and payment collection, all within the TimeSolv system. TimeSolvPay boasts transparent, easy-to-understand pricing, insightful analytics, and rich functionality.
“Accepting online payments means attorneys are providing more convenient options and getting paid quicker,” said TimeSolv CEO Raza Hasan. “With this type of tech in place, firms can better forecast cashflow and streamline management of receivables and trust-related payments.”
Designed exclusively for legal firms, TimeSolvPay offers helpful features and benefits such as:
- Next-day funding which 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; and
- Convenient, contactless payment options for clients – they can even pay from their smartphone!
Hasan added, “Our goal is to help firms achieve greater success through the efficiency of technology. Now attorneys will be able to spend more time focusing on their business and less time worrying about accounts receivable.”
To learn more about TimeSolvPay, visit TimeSolvPay.com.
TimeSolv helps lawyers and other professionals increase their billable time and get paid faster. TimeSolv is the most comprehensive, easy-to-use cloud time and expense billing software, proven since 1999 with over $6 billion billed. Headquartered in Eagan, Minnesota, TimeSolv can be used offline and online and can sync data bidirectionally with QuickBooks. TimeSolv is compatible with PCs and Macs, iOS and Android.
The Right Tools for Every Profession
Manage projects, track progress in real-time, send invoices and record payments
Consultants
The ability to efficiently break your business down and track by client, task, frequency, and more brings new clarity to your work and saves you valuable time. Use customized, professional invoices with your company’s logos and style for a polished look that elevates your brand. Comprehensive reports about your invoices give you clear data on which clients are best for your business and which customers should be reconsidered.
Accountants
With Intuit QuickBooks Online or Desktop integration, TimeSolv its seamlessly into your workflow. Accounting is time-consuming enough—you want your time-tracking and invoicing solution to be as simple as possible. Leave the filing cabinet behind and use our invoicing dashboard to create and send customizable, robust invoices. The Intuit QuickBooks integration is flawless for superior user experience with bank reconciliation features and other time-saving features for small businesses.
Freelancers
To thrive, self-employed freelancers and small business owners need excellent time-management and expense reporting software. Don’t let business expenses, organizing receipts, and invoicing take up too much of your time. Track each billable minute and create invoices in seconds so you can maximize your billable hours, manage cash flow, and set reasonable quotes for value billing to grow your small business.
Use the best invoicing software for self-employed and small business owners to create recurring invoices for any clients on retainer to automate your billing completely. Send professional invoices and payment reminders customized with your business logos to attract and retain high-quality customers. Accept customers’ payments via credit cards and bank account drafts to keep your AP/AR in check.
PR Firms
Tracking time accurately provides important insights to all PR professionals for budgeting and bidding on new fixed-fee projects. Clients often want to pay a single rate in a fixed-fee project, but you need to stay profitable. One of the features of TimeSolv is that you can use our invoicing software to track time to set rates and use the entries to invoice quickly and send payment reminders to reduce your accounts receivable and receive payments at the end of the month. Tracking time accurately provides important project management insights to all PR professionals for budgeting and bidding on new fixed-fee projects.
Mac Firms
TimeSolv was designed for companies that are used to products that work seamlessly from one device to another. TimeSolv’s invoicing software matches Mac’s simple interface and can sync across devices, so it’s easier to communicate with everyone on your team and stay on top of project management. With our integration features and accounting tools you can Become an invoice ninja and finish your invoicing and billing fast, no matter where you’re located or what device you're on with our easy integration and user experience.
