Working Capital Program
Enabling law firms to accelerate cash flows from their receivables.
Submitting an invoice is easy, because Raistone technology is integrated with major invoicing and accounting systems, allowing the law firm to continue using the platforms they already use. This law firm simply requests an acceleration of their invoice through their existing ERP and it is quickly processed by Raistone.
Raistone advances invoice
Instead of waiting, the law firm gets paid for their invoices weeks earlier, minus a small discount. This is money that was already due to them, so it is not a loan or debt. They can now use this freed-up capital however they wish:
The law firm’s clients make payments
The law firm was already paid earlier, using the money to take on new clients and grow their business. Once the legal work is completed, the law firm’s clients will make payments, which are used to repay outstanding amounts under the Raistone program.
In other words, between the law firm and their clients, it’s business as usual.