CREDITFORCE
Professional Services Edition
Accounts Receivable, Working Capital and
Residual Client Account Management Solutions for
Legal & Professional Services
Innovation Software is the leading provider of AI enhanced collections, working capital and residual client account management software. We have been implementing our intelligent solution at the world’s leading legal and professional services organisations for over 26 years. CreditForce is in use at over 20% of the top 100 global law firms in more than 26 countries worldwide
The CreditForce PSE range provides a comprehensive suite of applications for legal regulatory compliance management, finance, revenue and collections management teams. We offer specialist collections modules to meet the needs of aviation, marine, and personal injury practices, as well as for SRA residual client account balance management, direct debit, eBill tracking, and automated
payment allocation.
CreditForce is fully automated and includes RTA (Repetitive Task Automation) such as Intelligent Task Lists and Email Tracker which saves a copy of each email sent as well as each reply received, as well as generating tasks from replies. Collectors waste less time on administrative tasks, and more time on customer relationships,
collecting cash and reducing DSO.
GLƱEON technology powers CreditForce and all supporting modules. With incremental updates throughout the day, transaction data is near-live and only ever as much as 5 minutes behind the host system.
We understand what credit management teams need. With over 20-years industry specific experience we have built CreditForce from the ground up to provide the widest range of functionality on the market to meet the most challenging requirements of collections teams and industry sectors.
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CreditForce connects to all the major (and not so major) Practice Management Systems including:
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Aderant
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Artiion
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Elite Enterprise & Elite 3E
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Microsoft Dynamics AX, Microsoft Dynamics GP, Microsoft Dynamics 365 & Microsoft Navision
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Partner for Windows
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Practice Evolve
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SOS Connect
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Ticket
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SAP
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We haven't yet found a Practice Management System we have not been able to connect, so if yours does not feature on the list it doesn't mean we can't.
Challenge us today and request a demonstration below.
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FEATURED MODULES
COLLECTIONS MANAGEMENT
Automated A/R Provisions
Automatically generate and calculate provisions based on age of invoice, query code, client risk ratings etc.
Compliance Management
Send reports an or email notifications for missing data.
Full Activity Auditing
Keep a complete audit trail of user activity to monitor your team's progress and evaluate the best method's of working.
Payment Promises & Instalment Plans
Create payment promises and instalment plans that will automatically drive workflow when not met.
Business Intelligence Reporting
Reports designed specifically for Credit Control including:
- DSO / Averagre payment days / debtor days
- Invoice listings designed for use by Credit Controllers
- Payment trend analysis
All reports can be batched and distributed automatically.
Email Tracker
Automatically saves a copy of each email sent and received through CreditForce, into the communications history for a total audit trail.
Multi-Currency with On-Demand Conversion
Full multi-currency support with functions to allow on-demand conversion.
Query Management
An in-built and fully customisable system to handle query-management and drive workflow.
Collections Workflows
Automatically create and set tasks for collections / accounts-receivable management, and send automatic collections / accounts-receivable reminder letters and statements.
Financial Document Image Management
A complete financial document image management system is included to save copy bills and other finance related documents (includes ability to convert and manipulate documents).
Multi-Payer / Split-Bill Processing
Handles multi-payer and split-bill chasing.
Third-Party Billing
Handles third-party chasing.
WORKING CAPITAL MANAGEMENT
Automated WIP Provisions
Allows WIP to be valued for balance sheet purposes and determine what adjustment may need to be made though the P&L.
Business Intelligence Reporting
Reports designed specifically for Working Capital Management. All reports can be batched and distributed automatically.
Financial Document Image Management
A complete financial document image management system is included to save copy bills and other finance related documents (includes ability to convert and manipulate documents).
Query Management
An in-built and fully customisable system to handle query-management and drive workflow.
Billing Commitments
Keep track of when a matter is likely to complete to easily forecast when your billings will take place.
Compliance Management
Send reports / notifications for missing data.
Full Activity Auditing
Keep a complete audit trail of user activity to monitor your team's progress and evaluate the best method's of working.
Working Capital Workflows
Automated Working Capital Management emails and statements.
Budget / Estimates Tracking
Set automatic notifications for when a matter is nearing the end of its budget.
Email Tracker
Automatically saves a copy of each email sent and received through CreditForce, into the Communications History for a total audit trail.
Multi-Currency with On-Demand Conversion
Full multi-currency support with functions to allow on-demand conversion.
RESIDUAL CLIENT ACCOUNT MANAGEMENT
Automated Internal Notifications
Send automated batch reporting and email notifications to the wider business.
Email Tracker
Automatically saves a copy of each email sent and received through CreditForce, into the communications history for a total audit trail.
Multi-Currency with On-Demand Conversion
Full multi-currency support with functions to allow on-demand conversion.
Business Intelligence Reporting
Reports designed specifically for RCAB Management. All reports can be batched automatically distributed.
Financial Document Image Management
A complete financial document image management system is included to save copy bills and other finance related documents (includes ability to convert and manipulate documents).
Query Management
An in-built and fully customisable system to handle query-management and drive workflow.
Compliance Management
Send reports / notifications for missing data.
Full Activity Auditing
Keep a complete audit trail of user activity to monitor your team's progress and evaluate the best method's of working.
RCAB Workflows
Automatically create tasks,
and send RCAB related email notifications and statements.
WEBDESK
ADDITIONAL INTERFACES
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"Dealing with Innovation Software is not like other vendors.
You are not a number. They know us. They know our installation, they react, I am a person and feel they really care about my issues."
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Director of Client Accounting
Baker McKenzie LLP
