Debt collection. Now there’s a process no one enjoys. 

It’s either a person who is unable to satisfy a debt, or a business who needs to collect outstanding payments they may never receive. 

It’s a troublesome ordeal that involves people’s emotions balanced with the need to keep businesses afloat – the protection of livelihoods. And getting paid. It can get ugly. Fast.

What makes the debt collection process even more difficult is the fact that at times, it can be somewhat easy to lose track of exactly what is outstanding, what has been paid and where to even begin to seek payment of money that is owed to you. 

It may seem like a long shot – who forgets who owes them money? But when you are dealing with a couple of clients all doing different types of business, owing money at different times, keeping track of it all can be difficult. 

This can be worsened by the fact that come month end, you don’t have a system that can reconcile everything for you in one easy to see and understand format, setting out both your internal spend as well as which clients have not paid you for your services (and for how long the account has been in default for). 

Managing and streamlining your debt collection process, therefore becomes crucial. 

Whether you simply need to track the progress of a matter, find a document related to it or need to track spending and outstanding fees, having software that can help you with these activities is key. 

Because being able to draw a report on the goings on in your practice can make the world of difference – both to how you run your practice, how you report to clients and importantly, how you can see what is owed to you, by whom and from when. 

After all, running a business – which includes a law firm or a legal department – is all about income, “bringing home the bacon” (as they say) and crucially keeping on top of all of this in one easy to use (and understand) system.  

How Inhouse Lawyer can help you

Inhouse Lawyer understands the need to keep a proper record of your matters as well as the spend that comes along with the management thereof.  

Our Matter and Legal Spend Management software enables a user to –

• Track all matters such as litigation, labour disputes, and insurance claims in one central place.
• Track all deadline dates and litigation spend, and report on any matters in minutes. 
• Automated litigation drafting templates (Like letters of demands, summons and pleadings) saving you on legal costs. 
• Store all legal notices, pleadings, and documents for each matter in one central place. 
• Assign tasks, due dates and actions to team members and external lawyers. 
• Time/fee tracking. Record time and report on matter cost. 
• Manage your external lawyers and legal spending. 

By having this software in your arsenal, you will not only be able to report on the progress of a matter, but you will also be able to ascertain all associated costs – both in terms of disbursement fees as well as fees you are billing (and which may remain unpaid). 

Everything to do with your business (financially speaking anyway) all in one place – easily managed and streamlined delivering full reports on exactly what you need. At the simple click of a button. 

With Inhouse Lawyer’s Matter and Legal Spend Management software you can take charge of your matters, of your spend and of the money that is owed to you. Simply by looking up your matter on the system and tracking its progress.  

It really is a no brainer – aimed at the employees within the company’s accounts department that are handling and managing the debt collections (attorneys, the progress of matters, legal expenditure etc.), this software does all of the tracking for them. Making having this software something of a fait accompli. Obvious. 

A wish come true really….and yet it’s readily available. And easy to use. 

To make this software even more appealing is the fact that it helps companies and legal departments manage their legal operations, which includes their contract management process, the ever-increasing compliance obligations as well as internal debt collections. Fulfilling an obvious need within your business – and one that can be easily satisfied.

If you require assistance with getting your debt collections back on track, Inhouse Lawyer is perfectly poised to assist you in a way that makes the management of your matters as simple as it can possibly get. 

If you have any questions relating to the information we have set out above or if you are interested in booking a free demo, feel free to drop us a line.