FAST-TRACK your payment authorisation and
processing systems with Kestrel Business workflow solutions. PayFlow by Kestrel Business Solutions is a revolutionary new Payment Processing service based on LexisNexis® Streamline® technology and developed on a Microsoft platform specifically for legal enterprises.
BUSINESS OBJECTIVES : Reducing paperwork, speeding up the payment requisition process thereby requiring less resource for this and maintaining an audit trail are all the key objectives of Kestrel’s PayFlow workflow solution designed for legal firms today.
THE SOLUTION : Kestrel’s LexisNexis Streamline® PayFlow features the following:
- Payments may be requested of Client(Trust) or Office Bank Account.
- If the Client bank account is selected then a check is made to ensure Client/Matter funds are available.
- Depending on amount requested and bank account selected, the payment authorisation is routed to the relevant parties, for example, if a payment on excess of £100,000.00 is to made from the Client bank account - then authorisation is required from the Matter Partner and Client Partner or Department Head.
- If the payment is not authorised the requester gets a notification by e-mail with reason why it was rejected.
- Workflow also routes through to the Finance Department for checking before being processed.
- Time limits can be set when requesting authorisation so if Partner not available it will forwarded on to a designated person.
- All authorisations levels and escalation times etc are parameter driven making the system totally flexible.
Kestrel has created a working prototype using the ADERANT database but integration to other PMS/ ERP systems is easily achieved. |