LMS+ Billing / Accounts Receivable System

LMS+ offers a variety of tools focused on improving the billing processes for your accounting and administrative staff by consoli­dating many tasks into a single integrated solution.  These tools streamline the processing of timesheets, expenses, disbursements, billing, editing and invoicing to reduce the billing cycle and improve the firm’s cash flow position.

True integration means your accounting and administrative staff can more easily work together. 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts Receivable
Features Benefits
  • Check Control
  • Deposit Control
  • Automatic cash receipt allocation
  • Override cash receipt allocation
  • Integrated with LMS+ Collection System
  • Foreign Currency
  • Credit limits for clients and matters
  • User-defined aging periods
  • Client/Matter/Invoice payment options
  • Look-up assistance for Client, Invoice Billed Date, Invoice Amount
  • Improved cash flow
  • Better asset management
  • Lower labor content because of tight integration with LMS+
  • Lower delinquency rate on time & billing

     

     
Time & Billing
Features Benefits
  • Single source entry
  • User-defined security
  • On-line billing and payment history
  • Interactive error trapping during data entry
  • Insurance Defense billing and reporting
  • Patent/Trademark billing and reporting
  • Split Billing
  • Electronic Billing
  • PDF Images
  • Unlimited user-defined invoice formats
  • Unlimited user-defined cover letters
  • Billable and non-billable time budgets
  • Microsoft Windows editing features
  • Over 300 user-defined system options
  • Executive Inquiry
  • Real time data warehouse (10 levels)
  • Flexible report writing options
  • Client and Matter based data
  • User-defined codes
  • Unlimited code validations with look-up capability
  • Word Processing Interface (Word and WordPerfect)
  • Unlimited rate structures, for example: Client, Matter, Office Practice Area, Task
  • Historical rate capability with start and end dates
  • Tax rate tables
  • Foreign Currency
  • Disbursement integration options
  • New Client/Matter intake integration options
  • Reduced staffing needs
  • Improved client satisfaction
  • Faster billing
  • Accurate reporting
  • Reduced information turn-around time
  • Improved profitability via targeted management reporting
  • The most accurate recording of hours worked and hours billed
  • Flexible invoice formatting for the ideal presentation of effort