Outsourcing seems to be a hot topic with Scottish legal firms, and The Law Society of Scotland.  The following series of articles outlines points for consideration if you are thinking of outsourcing your cashroom.

1. Could outsourcing your legal cashroom be the answer?
2. Outsourced Cashroom – How can it work?
3. Outsourced Cashroom – What to Expect
4. Outsourced Cashroom – What not to Expect

Outsourcing your Cashroom
Part 2 of 4 – Outsourced Cashroom – How can it work?

Whether outsourcing is for your firm or not depends on your needs, but I have not met a situation yet that cannot be accommodated using an outsourced cashroom solution.

1. We run the accounts software for you, so you don’t need to pay for it each year – CHECK
2. Banking systems (online) – CHECK
3. Internet connection – CHECK
4. Easy access to firm’s financial information – CHECK
5. Easy access to client’s ledger information – CHECK

1 + 2 + 3 + 4 + 5 = OUTSOURCE YOUR CASHROOM

You will need someone at your end to pay cheques in, send cheques out and send us information. This can be a secretary, receptionist, junior member of staff or YOU if you prefer to work alone! Full training for the minimum of procedures will be provided.  The rest you can leave to us. We will keep you on the right track, run the rest of your cashroom requirements (including The Accounts Rules) and provide you with the information you need to run your business.

If IT scares you – don’t worry, we LOVE IT!  We have created systems that are easy to learn and use, so deployment is quick and there is little time spent on the crossover to a new system.

Outsourcing seems to be a hot topic with Scottish legal firms, and The Law Society of Scotland.  The following series of articles outlines points for consideration if you are thinking of outsourcing your cashroom.

1. Could outsourcing your legal cashroom be the answer?
2. Outsourced Cashroom – How can it work?
3. Outsourced Cashroom – What to Expect
4. Outsourced Cashroom – What not to Expect

Outsourcing your Cashroom
Part 1 of 4 – Could outsourcing your legal cashroom be the answer?

If outsourcing your cashroom is the answer, what is the question?

> My cashier is retiring soon, how will I replace her/him?
It is extremely difficult, nigh on impossible, to find a reliable legal cashier who aces accountancy and the accounts rules.

> My paralegal is also my cashier, we could take on more legal work – but where will we find the time?
You could increase your turnover, but cannot find the time out from other duties.

> If fear of running my own accounts did not stop me from opening my own law firm, how successful could I be?
You aspire to run your own successful law firm, but do not know where to start with Accounts Rules compliance and systems.

> I am out of the office a LOT, how can I have access to my firm’s financial information wherever I am?
By taking advantage of industry-leading software – you WILL have access to the information you need, wherever you are.

The answer? – OUTSOURCE YOUR CASHROOM!