We have performed quite a bit of research and discovered that the preferred method of receiving and paying funds for law firms and legal departments is an Automated Clearing House (ACH) transaction (also known as eCheck).
CORTLAND (PRWEB) February 22, 2019
Systems East, Inc. (home of Xpress-pay), a leading provider of comprehensive finance, billing, and payment solutions since 1981, announced today that it will be attending and exhibiting at the ABA TECHSHOW 2019®, presented by the ABA Law Practice Division, in Chicago, Illinois, from February 27 – March 1, 2019.
According to the ABA TECHSHOW website, “Technology is becoming fully integrated in the practice of law. Our legal work is now more dependent on the use of technology, in and out of the office. It helps us to practice more efficiently, serve clients more effectively, and better manage our daily lives.”
For decades, law firms and legal departments have primarily paid and been paid for services with paper checks; however, checks must be mailed, deposited, and cleared, a process which can add weeks before the funds are available. Wire transfers expedite the process but are very expensive.
“We have performed quite a bit of research and discovered that the preferred method of receiving and paying funds for law firms and legal departments is an Automated Clearing House (ACH) transaction (also known as eCheck). However, technologies currently offered to the legal industry are only providing credit and debit card transaction capabilities, which consume several percentage points of revenue. The law firms and legal departments need an ACH transaction technology offering, and Xpress-pay is bringing that to the industry table this year,” stated Melissa Rogozinski, Education and Training Expert at Systems East., Inc. Rogozinski is also a twenty-four year career, legal industry veteran who is well known for her specialty in eDiscovery and legal technology.
Jim Buttino, President of Systems East, also commented, “Xpress-pay integrates seamlessly with practice management tools and can work directly with a business’s website. In addition to offering ACH transaction capabilities, we can also meet the need of law firms to separate funds between Trust and Operating Accounts as well as help reduce the impact of fees on the firm’s bottom line.”
Systems East, Inc. is headquartered in the Finger Lakes Region of Central New York and maintains satellite offices in South Carolina, Florida, and Arizona. Systems East also maintains PCI DSS, Level One Compliance and has an established record of providing professional assistance to thousands of clients in every state in the nation. In its thirty-seven year history, the experienced staff has specialized in the development of a variety of software products that are comprehensive, easy to use, and cost-effective.
Systems East has consistently enjoyed steady and sustainable growth, resulting in a positive financial position every year, has no debt and has never sought or received funding from external sources such as banks or venture capitalists. This financial independence permits a focus on quality instead of shareholder income and is consistent with a management strategy that focuses on attraction and retention of both clients and employees. Systems East assists its clients in handling billions of dollars in transactions annually.