Posted byGaby Isturiz on April 26, 2019 at 3:10 PM
This is an excerpt from our latest guide, “10 Steps to Master Billing Compliance: How to Improve Your Firm’s Revenue By Following your Clients’ Rules for Outside Counsel Guidelines.” You can find the full guide here.
If you are looking to achieve billing compliance, you will have to take a hard look at your timecards. Billing Compliance starts by maximizing the quality of your timecard inventory. After all, your timecards are the unit of revenue for your firm, as it is from the timecards that invoices are generated and bills are paid.
However, when something jeopardizes the validity of the timecard, whether inaccurate timekeeping, or completing the timecard in a way that does not align with OCG, you have a billing compliance issue.
Therefore, billing compliance relies on maximizing the quality of your timecard inventory. The better your firm is at enforcing compliance at the point of time entry, the fewer rejections and payment delays you will experience.
So, how can you create a better timecard inventory for your firm? In this guide, we’ll take you through the following 10 steps that you need to take to achieve compliance: