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New integration helps professional service firms automate their engagement-to-cash workflow and get paid faster.
PLANO, Texas, July 31, 2024 /PRNewswire/ -- QuickFee (ASX: QFE), a market-leading payments, financing, and accounts receivable automation provider for professional service firms, including 40% of the IPA Top 300, - today announced the launch of QuickFee Connect for Thomson Reuters Practice CS customers. QuickFee Connect is a cloud-based platform that integrates with leading practice management solutions and automates the entire engagement-to-cash workflow for accounting firms, streamlining each step in the process from invoice delivery to payment processing and reconciliation.
Today 90% of accounting firms, with over $1 million in annual revenue, use practice management solutions that have been in the market for over 20 years. Those firms are looking for ways to leverage new automation and efficiencies, and QuickFee Connect helps them realize the benefits of the latest technology without forcing them to switch practice management solutions or incur high costs of replacement.
"We are excited to offer QuickFee Connect to Thomson Reuters Practice CS customers, who now join Wolters Kluwer CCH Axcess Practice and CCH ProSystem fx Practice Management customers along with IRIS Practice Engine customers to leverage direct, purpose-built integrations that demonstrate our deep expertise in the accounting space. With QuickFee Connect, firms can modernize and automate their billing and payment processes, save hours of unbillable time and admin work, and get paid faster by their clients," said Jennifer Warawa, President of QuickFee North America.
QuickFee Connect provides an easy way for firms to send invoices and reminders to their clients via email, with a single link to access and pay their invoices 24/7. Clients can choose from multiple payment options, including Card, ACH, or QuickFee's unique 3–12-month payment plan option that allows them to pay over time while the firm gets paid in full, making it a win-win for everyone's cash flow. QuickFee Connect also automates the payment reconciliation process and updates the firm's practice management software, eliminating manual data entry and errors.
Unlike other Accounts Receivable (A/R) automation platforms that primarily serve enterprise size firms, QuickFee Connect offers a scalable A/R solution that is designed specifically for accounting firms starting at $1M in annual revenue, with a competitive subscription pricing model for firms of all sizes that is truly a disrupter in the market. QuickFee Connect also delivers an intuitive user experience on a consolidated platform that allows firms to manage all their digital payments and access meaningful insights to drive decisions.