Our sophisticated Legal Accounting and Time & Billing system offers a unique design that improves the efficiency and productivity of the entire organization.
The powerful back office component of our practice management suite, Profiles Financial, is our full-featured, integrated accounting and billing suite designed specifically for mid-sized and larger law firms. The system's proven design represents the culmination of nearly 25 years of development and countless customer-driven enhancements, and it will satisfy the complex billing requirements of your most demanding clients, as well as your firm's internal needs. As client and firm requirements place increasing demands on a firm’s financial system, Profiles Financial provides the power and flexibility to satisfy these ever changing requirements with the sophisticated functions of its premium billing software and accounting system for law firms.
Profiles Financial represents the perfect balance of functionality and economy, and is the “practical” solution to your firm's financial management needs. The software consists of integrated modules for:
Time & Billing
The Profiles Financial time & billing software module provides all the tools necessary to quickly and accurately record and bill client time and expenses. The flexibility of the system ensures clients can be billed in a format that provides quicker cash recovery, and includes features such as task based and electronic billing.
Expense Recovery
Profiles Financial’s Expense Recovery Software System provides complete flexibility in integrating 3rd party cost collection systems regardless of expense type or provider.
Accounts Receivable
Central to the health of any firm is the proper management of its accounts receivable. The Profiles Financial Accounts Receivable software module provides the tools you need to facilitate fast payment from your clients and to monitor those who do not pay on time.
Collections
With the Profiles Financial Collection module, firms can efficiently track all AR related correspondence, inquire into a customer’s account, send reminder statements and then calculate and charge late fees. A sophisticated “Risk Rating” system streamlines your collection process by making sure that your staff only focuses on those outstanding collections that are in need of true attention.
Accounts Payable
Keep on top of your cash requirements and ensure that client expenses get billed with our integrated Accounts Payable module. Profiles Financial’s Accounts Payable software module tracks and handles your 1099 production as well.
General Ledger
The General Ledger software module within Profiles Financial acts as the central repository for all firm financial data. The GL provides the mechanism for monitoring overall firm performance. A vast array of customizable reports and inquiries is provided to assist the firm in evaluating profitability and performance. A complete general ledger reconciliation program is included in the general ledger module.
Trust Accounting
Accurately recording and tracking client trust and escrow funds is equally as important as managing firm funds. The Profiles Financial Trust Accounting and Escrow administration software module was designed to be easy to use, yet provides the audit trail necessary to satisfy even the most demanding client or regulatory body.
Conflict of Interest
Avoid potential liabilities with the Profiles Financial feature-rich lawyer Conflict of Interest software module. While protecting your firm against potential claims, you may also be eligible for significant savings on the cost of your professional liability insurance coverage.
Financial Document Repository
Imagine being able to save and recall all pertinent documents from within your accounting system. Consider the amount of time saved by not having to run to the file room to find financial documents. With the Profiles Financial Document Repository answers are only a click away.
Management Reporting / Business Intelligence
Profiles Financial is delivered with over 300 standard management reports and inquires. Since each was created using Business Object’s Crystal Reports, they can be copied and modified to suit the requirements of any firm. Unique reports can be created quickly and easily to meet any firm specification, such as time or event-driven reporting.
See for yourself all of the powerful and innovative features built into Profiles Financial by Client Profiles. Schedule a personal live demo today.
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