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.”