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.
- Could outsourcing your legal cashroom be the answer?
- Outsourced Cashroom – How can it work?
- Outsourced Cashroom – What to Expect
- 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.
- We run the accounts software for you, so you don’t need to pay for it each year – CHECK
- Banking systems (online) – CHECK
- Internet connection – CHECK
- Easy access to firm’s financial information – CHECK
- 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.