2024 Cashroom Round Up
As 2024 draws to a close, we’re looking back on an incredible year of growth, innovation, and achievements at Cashroom. From launching game-changing features and celebrating team milestones to expanding our services and earning industry recognition, this year has truly been an impactful one.
Leadership Milestones and Cashroom Growth
A highlight of the year for our leadership team was celebrating a decade with Cashroom for CEO Chris O’Day and CRO Alex Holt. Their vision, dedication, and commitment to client success have shaped Cashroom into a trusted partner for law firms across the UK, and we are profoundly grateful for their leadership.
We have been delighted to welcome many new clients into the Cashroom family in 2024, expanding our reputation for exceptional legal cashiering and financial management services. Our team has also grown, with talented new hires joining key areas to enhance our client support and maintain our high service standards.
Innovative Product Launches
A highlight of 2024 was the official launch of our Confirmation of Payee feature, a crucial addition that helps prevent payment errors by verifying payee details before funds are transferred. This feature has strengthened the security and accuracy of financial transactions for our clients, reducing fraud risks and ensuring smoother payment workflows for law firms.
We also rolled out our Matter Look-Up functionality, allowing more clients to access matters within our portal integrating with their Practice Management System. This feature boosts integration and accessibility, making it easier for firms to manage financials and case details seamlessly streamlining workflows and increasing efficiency.
Celebrating Recognition Across the Industry
This year, we were privileged to attend industry events and award shows throughout the UK, providing us with invaluable opportunities to connect with clients, partners, and peers in the legal sector. A particular highlight was being named Winners of Excellence in Legal Technology at the Scottish Legal Awards. This was a massive achievement for Cashroom to be honoured by the Scottish legal community. In addition, we were honoured to be:
- Highly Commended for Best Use of Technology at the British Wills and Probate Awards
- Highly Commended for Best Use of Technology at the Modern Law Conveyancing Awards
- Highly Commended for BD Professional of the Year, awarded to our CRO, Alex Holt
Being recognised is always an honour, and we are excited to keep pushing the boundaries of innovation in legal finance.
Looking Ahead To 2025
As we look ahead to 2025, we are already preparing for another year of success. With new advancements in the works, ongoing improvements to our services, and a growing team of passionate professionals, we are set to make 2025 another exciting chapter in the Cashroom journey.
To our clients, partners, and team members – thank you for being part of this amazing year. We look forward to supporting your financial needs and helping you achieve even greater success in the coming year.
Happy Christmas, and here’s to an even brighter 2025!
Get in touch to arrange a confidential chat with a member of our team.
P: 01695 550950
About Cashroom
Cashroom provides expert outsourced accounting services for Law Firms including Legal Cashiering, Management Accounts and Payroll services. Our mission is to free lawyers from the complexities of legal accounting by supporting the industry with accurate management information and allowing lawyers to do what they do best – practice law.
‘The Cashroom have been an integral part of MBM from their inception. They has supported the growth of MBM from a small firm of 15 people all the way to the 70+ partners and staff now working in the firm. I have first hand experience of the wealth of skill employed within the business and the cashiering knowledge is unrivalled. The fluid ability of Cashroom to adapt to the changing requirements of a firm on a daily basis, as well as the ability to cover holiday periods seamlessly would be a benefit to any law firm. The Cashroom portal provides a first class workflow system for all cashiering requests and, more importantly, provides the level of security that email instructions do not. Cashroom provide both a cost effective fully outsourced service that can deliver almost everything that an internal finance team would be charged with, as well as a wraparound service to support an internal finance team.’