Too often, we see small law firms and solo practitioners spending costly hours handling administrative duties alone.
Dealing with complex accounts receivable and payable, bookkeeping, and other financial responsibilities can stand in the way of flourishing business practices, destroying your ROI, or return on investment, for your time, funds, and efforts.
For example, when an up and coming attorney came to FOSS Business Solutions for a solution to his disorderly records, he was spending up to twelve hours every month sorting his finances, invoicing clients, collecting bills, etc. This was costing him valuable time and energy that could have been better spent on completing projects and securing new clients.
After contacting us, our new client learned he would be investing an estimated $700 per month for FOSS to handle time tracking, client billing, A/R maintenance, bookkeeping, financial reporting, metrics, and management of A/P and paying bills. This gave our young lawyer an extra $1700 of billable time every month. He was more than satisfied with his ROI with FOSS, and was finally able to explore further opportunities for his practice.
Handling economic details properly from the start will help you avoid costly mistakes and valuable time spent correcting errors. Incorrect records will result in the need to hire a professional to not only manage funds, but fix complicated discrepancies as well. With FOSS, you can trust that your finances are managed safely and reputably with our dependable security protocols in place.
