As we enter the last quarter of the financial year, many businesses are scrambling to ensure they meet their financial targets.
If you’re feeling the pressure to boost your firm’s finances in this crucial period, FeeSynergy can help. With their innovative cash flow management solutions, FeeSynergy can help you finish the financial year strong.
In this blog post, we’ll explore how FeeSynergy can improve your firm’s cashflow in the first quarter of the new financial year and beyond.
Just as your gym will take your measurements and talk about goals when you start your “new year, new me” fitness regime, there’s a few calculations and implementations you can do that can have a big impact on your ageing debtor list and your cash flow.
The table below can be used to compare your firm against a typical FeeSynergy Collect user firm:
In the Example above; what this means is that 23% of the firm’s turnover is tied up in debtors at all times!
Click here to download the Average Debtor Day Calculator to see how your stats stack up.
Just imagine never having to worry about your firm’s cash flow ever again; always cash in the bank to pay wages, super, BAS, rent, tech upgrades etc.
How Fee Synergy can help your firm’s cash flow
By implementing FeeSynergy Collect. It’s our automated debtor management and payment solutions platform and it ensures your average debtor days will consistently be less than 30 days.
For many firms, the thought of adding another app into the firm’s tech stack can be daunting. FeeSynergy Collect however is “not just another app”, it is a platform that brings together a range of integrated solutions to problems common to most accounting and legal firms.
FeeSynergy Collect will positively impact the firm’s financial performance well beyond cashflow. And when it comes to implementation, our experienced implementation team will manage the project from start to finish to ensure that your team is fully trained and ready to capitalise on the new automated processes and a range of payment solutions that will keep the cash flowing irrespective of the time of year.
Our proven and highly secure platform is used by hundreds of leading accounting firms across Australia and New Zealand.
FeeSynergy is here to make sure that you have strong and predictable cash flow every month.
FeeSynergy Collect features include:
- Fully integrated with leading practice management systems such as File Pro
- Rich dashboard with plenty of data widgets to choose from
- Automated reminders for overdue invoices (customised)
- Online payment gateway – credit cards and debit cards (incl AMEX) PCI/DSS and ACCC compliant
- Fee finance with option for client self-service (monthly instalments with lowest rates in industry)
- Direct debits – multiple use cases (only $0.30 each) BECS compliant
- Engagement letters and proposals
- Risk management and business advisory tool (including Equifax credit scores)
- Digital signatures – multiple signature capability ($free)
Implementing our solutions is easy … we pretty much do all the work … so book a free demo today and see the difference FeeSynergy Collect can make for your firm.