What is law firm accounts payable automation?

Law firm accounts payable automation captures vendor invoices, firm card charges, and reimbursements, codes each one to the client and matter, routes it for approval, and syncs the approved record to the accounting system. APSync is Scan Logic’s accounts payable product for that work.

What is a voucher at a law firm?

A voucher is any payment document APSync processes: a vendor invoice, a check request, or an expense report. Each one is captured, coded to the matter, client, and cost code, and approved before it syncs to accounting.

How fast can a law firm process a vendor invoice with APSync?

Scan Logic reports that firms using APSync cut invoice processing time by 80%, process an invoice in about two minutes on average, and reduce invoice onboarding and approval costs by 75%. The manual path is ten steps. With APSync the team reviews and approves, and the software handles capture and data entry, which brings the path to four steps.

Does accounts payable automation replace the accounting system?

The accounting system stays the ledger. APSync pushes validated, coded records into the legal accounting or billing system the firm already runs. Staff do not rekey the invoice after approval.

How does accounts payable connect to getting paid by the client?

A hard cost advance is money the firm already paid for a client. APSync captures it and codes it to the matter. With BillSync and CollectSync, that advance can be billed and followed until the client reimburses it.

Law Firm Accounts Payable Automation for Mid-Sized Firms

Law firm accounts payable automation starts when the vendor invoice arrives.Law firm accounts payable automation for mid-sized firms. APSync reads vendor invoices and card charges, codes them to the matter, and syncs them to accounting.