3 Ways to Get the Most Out of Your Practice Management System
More than ever, technology plays a huge part in a firm's success. Because it touches all parts of your firm, firm management software in particular can set the tone for a firm's technology culture. The right system can improve everything from client intake, the billing/invoicing process, performance management and succession planning. The wrong system can create chaos in your firm.
Practice management systems evolved out of basic time and billing software, but modern firms need much more than time tracking and invoice creation. In addition to time and expense entry, a firm management system should include tools for on-screen billing, invoice creation and editing; accounts receivable, including e-payments; and reporting.