Depending on the type of business (and whether it’s for internal or external customers), the specifics of cost recovery vary.
If you aren’t using print tracking and managed print services to simplify cost recovery in your law firm, you could be making cost recovery harder than it needs to be.
You need to recoup expenses taken on behalf of clients. Tracking those expenses can be time consuming.
It doesn’t have to be – especially when it comes
to documents.
For law firms always on a deadline and pressed for time, tools that track resources and time for client chargeback can be a godsend.
Streamlined Legal Cost Recovery
Depending on the type of business (and whether it’s for internal or external customers), the specifics of cost recovery vary. Law firms, for example, track and determine fees for the amount of photocopies, prints, scans, hours of research, travel, etc. needed for each client. Expenses incurred by a law firm related to a case are over and above usual fees, so how do you recover those fees when the case closes as quickly and easily as possible?
You could investigate and implement print tracking software on your own. Or you could eliminate the hassle of doing it yourself and see if MPS (Managed Print Services) is a good fit for your law firm. Your provider (or partner, as we like to call it) will develop a customized solution to address your business’ needs, including for cost recovery.
With MPS you can:
- Track and monitor internal print costs
- Track and monitor client-specific print jobs
- Integrate bill-back data into accounting backend
- View and export billing costs
Not only will your cost recovery be more accurate and your business more profitable, but you (and the office) will be more efficient and productive.
So go ahead and mark tracking numerous hours of research records, preparing court documents, managing case information, and ensuring regulatory compliance off of the list of things you’re juggling.
Want to learn more about how to get the right office equipment for your office? Click on the image below to read our free guide!
If you’d like to find out how to streamline cost recovery ASAP; let’s talk – we’d love to hear from you.
