Global News
Today, Bill4Time, the legal practice management software best known for accurate timekeeping and expense tracking capabilities, announced the release of their latest addition to the platform, Bill4Time Payments.
This product brings a seamless, in-house, industry-compliant payments experience to new and existing customers. Bill4Time is the second product from Paradigm to launch a fully native payments feature, with PracticePanther launching PantherPayments in September 2020.
“We are thrilled to be launching our second payments platform in less than a year,” said Soumya Nettimi, CEO of Paradigm. “The legal tech landscape has advanced 10 years in the last 14 months with lawyers being forced to adopt technology faster than ever before. A compliant payments tool is one of the final hurdles lawyers need to overcome in an increasingly virtual world. Thanks to our acquisition of Headnote in 2020, we’re able to make that possible for our Bill4Time customers and their clients at a time when they need it the most.”
The introduction of Bill4Time Payments will not only allow customers to get paid up to 70% faster than the industry average of 94 days, but it will also reduce payment processing fees and increase firms’ total collection rates. Once customers activate Bill4Time Payments, they will enjoy the most modern and secure payments technology with perks like fast eCheck processing, enhanced payments reporting, and automatic notifications and status updates right within the account they already utilize every day.
“The AR process at most law firms has been historically slow for a myriad of reasons, none more prevalent than the reliance on paper checks,” said Sarah Schaaf, GM of Payments at Paradigm. “We understand that implementing new payments processes may seem daunting to some law firms, so we’ve set out to deliver a tool that can be set up quickly, and used by anyone. If the last year has taught us anything, it’s the value of time and the need to adapt to a new touchless world. Remote work in the legal industry has given many attorneys back their sense of freedom, and we believe that a payment tool such as Bill4Time Payments will help solidify our customer’s remote practices and allow for increased flexibility in the future for them, and their end-clients.”
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