Tabs3 Cloud Help With Trust Accounting
Managing client funds is a critical function for most law firms. And with the growth of online legal services, it’s become more important than ever to safeguard client funds and provide clients with transparent and secure ways to view account activity. With Tabs3 Cloud, you can take advantage of the latest technology to automate these processes while still maintaining control over your firm’s finances.
The new tabs3 cloud gives you the flexibility to manage all of your accounting, trust, and financial functions, including invoicing, billing, and cash receipts. Easily track billable and non-billable time, set rates, create and send statements, track drafts, and print password-protected PDFs for high-profile clients.
Additionally, you can now automatically convert checks and deposit slips into electronic images for faster processing and easier review. Streamline bank reconciliations and quickly assess work-in-process, accounts receivable, and trust account balances with interactive dashboards that include graphs and filters.
For lawyers and paralegals on the go, the Tabs3 mobile app lets you access all of your information from anywhere. And when you work from home, in the office, or on the road, a Tabs3 Virtual Private Network (VPN) can reroute and encrypt your internet traffic, preventing cyberattacks that could expose your sensitive information.
Can Tabs3 Cloud Help With Trust Accounting and Managing Client Funds?
Since 1979, Tabs3 has provided law firms with trusted, reliable, and affordable practice management and billing software backed by unparalleled customer service. It’s no wonder that the company was named a Best in Class provider by LawTechReview.
With the recent acquisition of CosmoLex, Tabs3 customers will now have access to a robust cloud offering—Kurent—from the same team that they rely on for desktop software. Rick Kabra, president of CosmoLex and the founder of Tabs3, said that his team will continue to develop and support both the desktop product and cloud solution for customers.
The move also provides a boost to CosmoLex’s network of technology consultants and referral partners who resell the company’s products. They’ll now be able to recommend the cloud solution without having to choose between a desktop or cloud vendor.
Moving Tabs3 and/or PracticeMaster to the Cloud is an attractive option for many firms because it reduces costs by eliminating the need to buy servers and ancillary IT infrastructure. Additionally, it allows for remote access to the system, which enables staff to work from any location with an internet connection. This Ultimate Guide will walk you through the process of achieving these benefits, and more, with Tabs3 Cloud.