LAWsome by Consultwebs

The Best Method to Reduce Invoice Appeals and Increase your Firm’s Cash Flow


Listen Later

Tanner Jones, your host and Vice President of Business Development at Consultwebs, welcomes you to another episode of the LAWsome Podcast by Consultwebs.

 

In today’s episode, Tanner is accompanied by Andre Wouansi, a corporate tax advisor and CEO at ALB, Accurate Legal Billing. His mission is to improve law firm cash flow by billing efficiently and accurately. 

 

Key Takeaways:

[0:19] Introduction.

[1:06] How invoice payments work.

[2:27] One of the biggest pain points in a law firm business.

[3:27] Causes that affect a law firm’s payment process.

[7:32] Business consequences when opting out of newer technology.

[10:33] Small steps law firms can take to cut down billing errors. 

[14:14] The future of billing automation. 

[18:38] Possible cons of firms opting for AI.

[24:44] Technology is only speeding up. 

[27:12] Metrics to measure with AI-powered billings.

[35:30] Ending thoughts. 

[39:20] Best way to contact Andre Wouansi. 

 

Best way to contact Andre Wouansi: 

Email: [email protected]

Phone: 516-279-1615 (Ext: 101) 

 

Discover More About the Podcast and Consultwebs:

Subscribe to the LAWsome Podcast by Consultwebs on Apple Podcasts, Google Podcasts, and Spotify

 

Visit the LAWsome website

 

Follow Consultwebs on social for legal marketing updates:

Facebook

Instagram

Twitter

Linkedin

YouTube

 

Learn more about Consultwebs at the links below.

Law Firm Marketing Agency Services 

Law Firm SEO

Law Firm Web Design 

Law Firm PPC 

Law Firm Social Media 

Law Firm Email Marketing

Law Firm Digital Marketing 

 

Consultwebs

8601 Six Forks Rd #400, Raleigh, NC 27615

(800) 872-6590

https://www.consultwebs.com 

https://www.google.com/maps?cid=13646648339910389351

 

Tweetables and Quotes: 

“One of the biggest pain points of law firms is the payment and collection. According to a survey, 60% responded reported over 60 days of payment delays.” @consultwebs

 

“We have to remember since the early 90s, the legal industry, when it came to billing, changed a lot. Thus creating an imbalance between law firms and e-billing vendors. That generates a big gap between the two parties when they’re supposed to work together.” @consultwebs

 

“Law firms still lack to adapt to technology and that is the biggest killer because it delays payments and causes more invoice appeals.”  @consultwebs

 

“Through a firm’s billing survey, 70% of firms said they’re losing 20% or more with their invoices being rejected or reduced by e-billing companies.”  @consultwebs

 

“Technology is not going anywhere, it’s here to stay. If law firms come on board, they’ll be in business. Big companies today are using AI tools to generate a substantial amount of money.” @consultwebs

 

Want more tips and tricks? Follow us on socials:

 

Facebook: https://www.facebook.com/consultwebs/

 

Instagram: https://www.instagram.com/consultwebs/

 

Twitter: https://twitter.com/Consultwebs

...more
View all episodesView all episodes
Download on the App Store

LAWsome by ConsultwebsBy Consultwebs

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

32 ratings


More shows like LAWsome by Consultwebs

View all
Un-Billable Hour: Business Management Strategies for the Busy Lawyer Around the Community Table by Legal Talk Network

Un-Billable Hour: Business Management Strategies for the Busy Lawyer Around the Community Table

31 Listeners

New Solo by Legal Talk Network

New Solo

115 Listeners

Lawyerist Podcast by Lawyerist.com

Lawyerist Podcast

136 Listeners

Lunch Hour Legal Marketing by Legal Talk Network

Lunch Hour Legal Marketing

53 Listeners

The Law Entrepreneur by Sam Mollaei and Neil Tyra

The Law Entrepreneur

3 Listeners

TubeBuddy Express: YouTube News and Discussion by Dusty Porter

TubeBuddy Express: YouTube News and Discussion

78 Listeners

Maximum Lawyer by Tyson Mutrux

Maximum Lawyer

198 Listeners

Ten Golden Rules Internet Marketing for Law Firms Podcast by Ten Golden Rules

Ten Golden Rules Internet Marketing for Law Firms Podcast

6 Listeners

Profit with Law: Profitable Law Firm Growth by Moshe Amsel

Profit with Law: Profitable Law Firm Growth

90 Listeners

The Law Firm Owner Podcast by Melissa Shanahan

The Law Firm Owner Podcast

33 Listeners

Grow Your Law Firm by Ken Hardison

Grow Your Law Firm

56 Listeners

Your Practice Mastered by Your Practice Mastered

Your Practice Mastered

10 Listeners

The Managing Partners Podcast: Law Firm Business Podcast by thisisarray.com

The Managing Partners Podcast: Law Firm Business Podcast

12 Listeners

The Law Firm Blueprint by Jay Ruane & Seth Price

The Law Firm Blueprint

13 Listeners

Great Practice. Great Life. by Atticus by Steve Riley

Great Practice. Great Life. by Atticus

55 Listeners