Question 1

What is a hard cost advance at a law firm?

Accepted Answer

A hard cost advance is money a law firm has already paid on a client’s behalf, such as a filing fee, an expert, or a record, and expects to recover on a later bill. APSync captures that payment and codes it to the client and matter. BillSync can put the reimbursable cost on an invoice that meets the client’s rules. CollectSync follows that invoice until the client pays it.

Question 2

Does a firm need all three products to track a hard cost?

Accepted Answer

APSync can capture and code the cost on its own. Billing it under the client’s rules and collecting the reimbursement are what BillSync and CollectSync add when all three run on the same data.