Today's TL NewsWire Hot Product is cloud billing software for solos and small firms with new trust accounting and other billing productivity tools (see article below). In addition, you'll find links to many previous TL NewsWire Hot Products, including knowledge management software that enables you to mine your firm's own work product and the SEC's EDGAR database for model clauses and precedents using classification technology pioneered by Intelligize. Don't miss the next issue of TL NewsWire.
When you succeed in business for 40 years, you gain valuable insights into what solos and small firms actually need. When creating a new cloud legal billing product, this means you can carefully add valuable features such as trust accounting, and avoid unnecessary clutter to maximize ease of use.
Kurent in One Sentence
Tabs3 Software's Kurent is cloud legal billing software for small firms that now includes trust (IOLTA) accounting as well as many new productivity features.
The Killer Feature
The Trust dashboard in Kurent houses the new trust accounting tools but you can access much of this functionality in other areas of the software. For example, from within a matter you can create a trust account, set minimum and target balances, send a trust request (these can be automated), pay bills from the trust account, and more.
Creating a trust request generates an invoice that you can email, print, or download as a PDF. LawPay integration enables clients to fund their trust accounts via credit card. To save time, you can batch send trust requests using criteria of your choosing such as all matters below the minimum balance. The Bank Activity and Trust Ledger reports enable you to monitor trust accounts.
"With 40 years of experience making Tabs3 Software, we have learned that most solos and small firms want an easy way to manage their billing," says Tabs3 Software President and CEO Dan Berlin. "Without elaborate practice management features to get in the way, billing in Kurent takes minutes, allowing firms to focus on their clients, not their billing software."
Other Notable Features
Given the new trust accounting features, Kurent lets you know about trust balances when approving invoices. This is just one of many new features Tabs3 Software has added to the invoicing system. Chief among these is the ability to combine invoices, which gives clients a complete picture of all their activity for multiple matters.
Just as you can batch send trust requests, you can also batch send invoices for legal work, including reminders for unpaid invoices (you can also automate reminders). With Quick Add, you can add a new client and matter on the fly when entering a fee or cost. Your invoices will be on brand thanks to a choice of invoice templates and a myriad of customization settings.
"I have used Timeslips for many, many years," says Doss Law General Manager Dennis H. Doss. "Kurent makes entering time a breeze, posting payments simple, and billing much easier. In my opinion, Kurent is a winner."
Kurent has added many new functions designed for the way many lawyers work. For example, you can add notes to matters and convert them into billable entries, create text shortcuts to speed up data entry, apply User Roles to limit access with a high degree of granularity, and create Quick View widgets that display data (e.g., matters with unbilled activity) and provide a menu of options for taking action. New reports provide deeper insight on user productivity and historical transaction activity.
What Else Should You Know?
Kurent now integrates with QuickBooks Online, including contacts, matters, payments, and refunds. You can migrate existing contacts, matters, accounts receivable, and unbilled fees to Kurent during setup. Kurent costs $26 per user per month with an annual commitment ($29 month to month), including unlimited support. Explore Kurent in more detail and bookmark the website.
About TL NewsWire
So many products, so little time. Each week, TL NewsWire reports on the hottest new products for lawyers and law office administrators. The innovative structure of TL NewsWire articles enable you to quickly understand each product's value proposition, and then zero in on its killer feature and other notable attributes. In each issue, you can easily revisit our back catalog of articles and the most recent TL NewsWire Top 25 Products Awards. Subscribe to TL NewsWire.
