Report: Law Firms that Adopt E-Payments See Speedier Collections, Increased Revenues
LawSites
MAY 5, 2021
Not surprisingly, the pandemic drove greater use of electronic payments across all industries, with the volume of electronic payments up 11.2 % in the first quarter of 2021 over the prior year. With e-payments, the time it took firms to collect invoices decreased by 20.4%, and their collections increased by 6.7%
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