Leading the way in reducing risk and ensuring compliance

Cashroom has recently being shortlisted for multiple awards recognising our ability to reduce risk and ensure compliance for firms, as well as our unique and secure technology. These nominations are a fantastic achievement for our team here at Cashroom, recognising their hard work and developments especially regarding our innovative online portal.

How does Cashroom provide risk and compliance support?

Cashroom has created an award winning revolutionary web-based portal, built in its entirety by our in-house development team, to remove client communication from the insecurities of email, and to protect our clients from the rising threat of fraudulent payments by using authorisation workflows.

Our portal keeps over 250 law firms secure and provides an encrypted means of communication between Cashroom and our clients as well as providing excellent task management and making their lives easier. Using Cashroom allows law firms to increase efficiency, reduce risk and ensure compliance with Solicitors Accounts rules.  

How does our portal work? 

Our poral embeds automatic features such as approval options which allows clients to add approval stages into their workflows to reduce risk, increase productivity and ensure audit readiness. We know the importance of compliance and adhering to accounts rules, that’s why our portal provides a clear audit trail which is obtained for 7 years and allows clients to track requests from creation to sending to the bank. In addition to this, our portal hosts a report centre where clients can easily locate and download present and historical reports, which is essential for firms audits and compliance purposes.

Our communication and tracking are all done in one place for each request, reducing the risk of human error and missed tasks, increasing productivity further by removing the need for multiple requests or email chains relating to the same discussion point.  

The Legal Sector and especially conveyancers are a key target to cyber criminals and fraudsters due to the high monetary value of their transactions. Cashroom’s portal removes the risk of email modification and fraud as our clients are made aware we will never communicate with them via email for these reasons.   

Cashroom’s portal can keep any law firm secure

Our portal is system agnostic meaning we can work with the firm’s existing practice management system causing minimum disruption during the transition period. Further to this, our numerous systems means that we can help firms optimise their processes for their own system use, helping with data flow, task management, accuracy of data and efficiency, all as part of our standard way of working with our clients. We allow law firms to use Cashroom services alongside the system of their choice, we are fully system agnostic. Firms receive the benefit of our industry best processes and efficiencies, along with using the best system for their firm. Cashroom makes law firms tools work better by integrating with industry leading software and custom applications right into our Cashroom portal. 

Cashroom is leading the way in outsourced legal cashiering and accounting – your firm can benefit from our award winning, industry leading services and technology, so you can focus your energy on the law. Talk to our team to find out what we can achieve for you. 

E: info@thecashroom.co.uk   

P: 01695 550950