It is imperative that all law firms embrace technology to streamline their processes and increase revenue. But of course it is not always as easy as it sounds. The biggest issue is being able to account for the significant capital expenditure that is required for a comprehensive digital infrastructure, especially considering that the money is often coming directly out of the partners’ pockets.
Payment-over-time models offer a 21st century solution that reflects our ‘renter society’ sensibilities, and their benefits are being realised by forward-looking law firms. With a subscription, the overall cost is simply divided into smaller, more manageable chunks that are then paid over a pre-determined period of time. Payment-over-time models also allow outdated systems to be swapped out for state-of-the-art replacements, with no need for another crippling capital expenditure investment.
It’s the ideal solution for law firms looking to future-proof their operations for the digital age.
Collect and analyse management information to plan and track your activity efficiently.
Become more agile and provide a fast, responsive service to your clients.
Generate growth when combining a successful business model and impeccable delivery systems.
Become the law firm of the future: modern, flexible and innovative with digital technology at your fingertips
Why 'as-a-service' subscriptions are cost effective?
Make significant savings with fully tax deductible subscriptions.
Increase your savings further with residual value investment, at our risk.
Remove the spikes in your cash flow and replace them with simple monthly payments.
Refresh your digital assets as required.
Free up your cash so you can invest in activities core to your firm.
what assets can we fund?
• Hardware: PCs, tablets, servers, telecoms, digital devices and more.
• Software projects (including associated delivered services): Practice Management Systems (PMS), Case Management Systems (CMS), Document Management Systems (DMS), Business Process Management (BPM), Digital Dictation (DD), Time capture/recovery, E-Discovery/e-Disclosure, Content solutions.
A simple leasing solution for your ICT investment projects which preserves your cash reserves for core business needs.
This form of financing also allows you to improve your admin productivity and consequently to realise cost savings.
For prolonged investment programmes such as PMS or CMS replacements, typically long roll-out, Econocom recommends our pre-lease facility.
This allows you to implement solutions while warehousing project costs until the go-live date.
An innovative and flexible solution for the management and funding of your technology estate.
It gives you the flexibility to upgrade, refresh and dispose of any part of your estate at any time, whilst keeping your budget under control.