Legal & Professional Services
Over the past 15 years Innovation Software have been the provider of Collections and Work-In-Progress (WIP) Management systems to the world’s leading Law Firms. We now work with over 20% of the Top 100 global Law Firms in more than 26 countries.
The CreditForce PSE range provides a comprehensive suite of applications for your Legal Regulatory Compliance Management, Finance, Revenue and Collections Management Teams. There are 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, E-Bill Tracking, and Automated Payment Allocation. CreditForce WebDesk provides a portal for Partners and Fee Earners.
Our comprehensive Work-In-Progress and Pre-Bills Management and Reporting suite allows for total contract to cash management and is an essential solution for accurate projections, analytics and reporting and in understanding the total exposure and status of a given Matter at any time
Designed for Practice Leaders, Partners, Fee Earners and Support Services Personnel, Webdesk allows all key accounts receivable data to be distributed to staff and reports to be fully automated. Fee earners can directly update their Matter time, fees and status for accurate real-time forecasting wherever they may be
Many organisations are using E-Billing to render their invoices to their Customers and Clients. CreditForce E-Billing integrates with the leading E-Billing Agencies such as E-Billing Hub, and monitors the progress (or otherwise) of Invoices through the Payment cycle completely automatically
CreditForce Personal Injury Claims
Provides functionality for collections of Net and VAT Bills, Bordereaux, and enable efficiency gains of up to 500%, and DSO reductions of 20 to 30 days
CreditForce FRS5 WIP Valuation
Automates the process of WIP Valuation, enabling Finance Directors to have up-to-date information on a Monthly basis, and no surprises
CreditForce Matter Estimate / Budget Management
Set, track and manage Matter Fee Estimates and maximise your opportunity to identify and correct Scope Creep before the budget is exceeded, rather than after
CreditForce SRA RCAB (Residual Client Account Balance Compliance)
Provides an exceptionally effective and easy-to-use solution to enable the administration of the Solicitors Regulatory Authority requirement to be automated, enabling the time and risk associated with its compliance to be minimised
Tracks and monitors that all aspects of Compliance required by Legal Regulatory Authorities in all Jurisdictions are met in the process of Client, Matter, and Bill inception
Saves and retrieves instantly Financial Documents including Copy Invoices, Orders, Proofs of Delivery, and Contracts etc. for attachment to Collections e-mails and statements
Computer Telephony Integration module for use with the world’s leading Dialler, Caller Line Identification, and VOIP systems
CreditForce 360° Protection
Automated integration with Credit Rating Agency Databases including CreditSafe, Searches Group, Credit Assist, Experian, Equifax, Dun & Bradstreet etc.
CreditForce Lloyds Insurance Market
Addresses the specific needs for Collections Teams responsible for collections of Air, Marine and Lloyds Market Bills
Intelligent Cash Allocation that learns as you use for unrivalled match rates and automation