London, United Kingdom, February 12, 2014 --(PR.com
)-- DPS Software, a leading provider of legal technology solutions has released a new white paper focused on the importance of legal accounting software for law firms and ABSs. Amongst the various issues covered, the paper highlights the connection between next-generation legal accounts software and profitability, explaining why and how this product helps legal cashiers manage their firm’s liquidities better.
The white paper was launched to guide law firms through the decision-making process involved in selecting the right product for their requirements. Given the software’s potential to improve or hinder a firm’s ability to manage its financial resources, this decision should not be taken lightly and should be guided by objective, clearly identified criteria.
DPS’s white paper will assist those firms looking to upgrade or change their legal accounting software in selecting a future-proof solution that will serve the needs of their Accounts department, now and in the future. The document explains to its readers how to choose the right accounting software for their firms and presents the connection that can be established between a firm’s fee earning and accounting functions. The white paper also stresses the financial transparency created by this tighter collaboration as well as the critical management information that such a product should offer.
The white paper also quotes the results of recent studies highlighting the business side of a law firm and the views expressed by industry members, all supporting the idea that a firm’s management cannot afford to ‘’lose touch with their money.’’ The document also includes an overview of DPS’s latest legal accounts product- Financial Director- launched in the first part of the last year.
The document can be downloaded for free from DPS’s website-- >
About DPS Software
DPS Software are one of the longest-standing suppliers of legal case management software and hosted IT solutions in the UK. Serving over 600 practices and 15,000 individual users, DPS have built a strong and growing market position thanks to their award-winning case management systems covering Conveyancing, Crime, Matrimonial, Personal Injury, Wills & Probate. These are complemented by fully integrated Digital Dictation system, Client Portal and hosted IT solutions- mylegalspace and DPSCloud.
Financial Director (FD) is DPS’s latest generation of legal accounting software that can truly join up the fee-earning and financial functions within a law firm. The product’s key benefits include live configurable dashboards and reports, entirely digital billing and payment request systems and Client & Matter level risk analysis amongst others. This all allows legal cashiers to work at increased levels of efficiency whilst management can access all the information they need to make the decisions required to secure a firm’s future success.
To learn more about DPS Software, please visit www.dpssoftware.co.uk