The client is a prestigious law firm in Australia with offices in Sydney, Melbourne, and Brisbane. This law firm specializes in corporate law, with a long history of working with some of Australia’s most prominent businesses.
The solicitors at the law firm were faced with immense work pressure and tight deadlines, that prevented them from sending invoices to their customers on time to collect the payment from them.
The firm tried various outsourcing providers to help with the generation of invoices and AR reports for sending invoices to customers for collection. Due to non-availability of proper accounting details of the pending amount, the other outsourcing providers would not take on such a task.
Vee Technologies discussed the issues with the law firm and analyzed its requirements. We were able to arrive at a process that helped the firm by providing correct and proper invoices and AR reports. We reconciled all the customers' accounts and provided the breakup details for collection. This enabled the client to recover more than 90% of their dues.
With help from Vee Technologies, the law firm confirmed that the reconciliation statements were sent to customers, and it was able to collect dues and increase its cash flow. In fact, the client was able to recover more than 90% of their dues. The law firm was extremely impressed by our work, and has since assigned more tasks to us, including maintaining its full books of accounts.