8am Now Guarantees Next-Day Payments To Its LawPay Customers

8am, the parent company of a suite of practice and business management products for lawyers and accountants, is now guaranteeing next-day payments for customers of its LawPay and CPACharge payments platforms, it said today.

The company also announced new capabilities that it says streamline billing and improve visibility into financial performance for its customers.

The company said that next-business-day deposits will now be standard across all its payment products. It says it is the only legal payments provider that guarantees next-business-day funding for credit card transactions at no added cost.

8am says it is also introducing modernized dashboards and new customizable reports to give firms a live view of billing, payments and trust activity directly within 8am MyCase.

For customers that also have its Smart Spend product, these new features will include automated tracking and management of firm and case expenses.

The company also announced a new integration between LawPay and the financial and practice management platform Elite 3E that will allow firms to more easily manage invoices involving multiple parties, enabling payments to be split, collected and tracked directly within existing systems.

“With next-day payments, firms can count on funds hitting their account the very next morning, ready to be put to work,” said Leslie Witt, chief product officer. “Combined with enhanced visibility into billing, expenses, and trust activity, we’re giving firms everything they need to manage their finances in one place and turn cash flow from a business constraint into a growth driver.”