Does your firm face these challenges?
Bank Reconciliation
Busy law firms can’t afford to spend excess time on bank reconciliations. Because of frequent invoicing and fluctuating foreign currency, mismatched records can be a common occurrence. Both time and money can be lost through manual searching, re-entry and updating current items.
Our online platform eliminates this process through automation.
Uncertain cash flow cycles
When currencies fluctuate between invoicing a client and the payment’s due date, you may need to rebill clients or write-off discrepancies.
We can help your firm lock-in exchange rates for up 365 days to control foreign exchange exposure, enabling you to bill clients fixed amounts, efficiently manage cash flow and improve reconciliation.
Helping payments arrive hassle-free
Work with a trusted provider with a global team of compliance professionals. Western Union proactively engages with regulators to help ensure compliance frameworks are based on appropriate industry standards.
Complicated payment processes
Labor intensive payment processes can be a drain on your firms’ resources, impacting your ability to efficiently service clients and pay foreign associates.
Our skilled team of Legal industry experts work in partnership with you to design a customized solution, help simplify your domestic and international payments, payroll and invoice workflow.
Limited payment options
A bank transfer may not always be the most convenient way to make an international payment to foreign associates.
Give your firm the power to make local currency payments in cash at over 300k WU® Agent locations.
Bank fees on incoming payments
The amount you invoice may not be the amount you receive, due to additional bank fees.
Our in-country banking relationships enable transfers to be treated as local currency transactions, reducing wire charges and your firms’ expenses. Bank reconciliation is quick and easy with fully referenced payments and statements.
FEATURES AND BENEFITS
Legal industry expertise
Payment solutions for intellectual property, immigration, settlements, foreign associates’ payroll and payments, partner draws and foreign office funding.
Future payments and credit notes
The convenience of locking-in exchange rates on invoices and credit notes from foreign associates for up to 365 days. Bill your clients a fixed cost and take control of international payments.
Global Reach
Pay foreign associates in over 130 currencies in 200+ countries and territories without the need for overseas bank accounts.
Seamless systems integration
Front and/or Back end integration with Law Practice Management Software (PMS).
End to end invoice management
Automate your firms’ invoice workflow 24/7 – capture, submit, pay and track invoices in 1 online platform, specialized for the legal industry.
Comprehensive reporting
Customized reports help to simplify audits and comply with your firms’ controls.