SPONSORED: Cashroom wins at the Scottish Legal Awards

Cashroom win the Excellence in Legal Technology Award at the 2024 awards in Glasgow.

Recognising its innovation in the legal industry, accounting firm Cashroom has received the Excellence in Legal Technology award at the 2024 Scottish Legal Awards.

This achievement celebrates the firm’s continued pursuit of excellence in providing innovative technology solutions that are transforming legal practice management across Scotland, the UK and the US.

Pioneering change in the legal sector

Cashroom is the UK’s premier choice for outsourced legal cashiering, management accounts and payroll services. As a trusted ally for law firms aiming to revolutionise their financial operations, Cashroom’s seamless software and services streamline financial tasks, empowering law firms to concentrate on their true passion – practicing law and delivering exceptional client support.

The company’s innovative approach combines expert knowledge and people with the latest in legal tech. By using its in-house-built technology – which contains both confirmation of payee checks and open banking integration – Cashroom ensures secure, real-time access to financial information, providing firms with the tools they need to stay compliant, efficient and informed. Its revolutionary web-based portal helps to remove the risk of communication via email for its 4,000-plus users and automates many of the traditionally time-consuming tasks involved in legal accounting, such as client money handling and regulatory compliance checks.

With smart, flexible approval workflows, integrations with leading practice management systems and payment initiation integrations with the banking network, Cashroom has a powerful and accurate end-to-end payment solution for sending high volumes of client money transactions. This means law firms who partner with Cashroom can be confident their client and office payments are secure, and the risk of fraud and/or human error is hugely reduced.

Designed to cater to the unique financial demands of the legal profession, the Cashroom portal is both flexible and scalable, making it an ideal solution for firms of all sizes. This adaptability has been key to Cashroom’s success and its widespread adoption within the sector.

Innovation and excellence

Cashroom’s commitment to continuous improvement, staying ahead of regulatory changes and adopting a customer-centric approach has won it the respect and loyalty of legal professionals throughout Scotland. The company is the only supplier in Scotland to offer this level of technology and offer a truly system-agnostic service, meaning it can work with any practice management system, allowing firms to continue working with systems that work for them.

Winning in the Excellence in Legal Technology category at the Scottish Legal Awards is testament not only to the success of Cashroom’s solutions but also to the forward-thinking culture that permeates the organisation.

Cashroom CEO Chris O’Day expressed the team’s delight at receiving the award: “We are incredibly honoured to be recognised for our work in advancing legal technology. This award validates the hard work and dedication of our entire team, who are committed to helping law firms operate more efficiently and with greater confidence in their financial management. We look forward to continuing to drive innovation in the sector.”

Looking ahead

As technology continues to reshape the legal sector, Cashroom stands at the forefront of this transformation. This year, Cashroom experienced its busiest summer yet for new sign-ups, signifying a pivotal moment in its journey. Law firms are increasingly looking to improve their business practices by outsourcing their finance function and Cashroom is leading the charge. The company’s award-winning technology is not only enhancing the way legal firms manage their finances but also contributing to the overall modernisation of the industry.

This latest win solidifies Cashroom’s reputation as a leader in legal tech and sets the stage for future innovations that will further empower law firms to thrive in an increasingly competitive landscape. By revolutionising legal accounting with its service offering and innovative legal technology, Cashroom is not only meeting the needs of today’s law firms but also shaping the future of the industry.

For more information, visit thecashroom.co.uk, email info@thecashroom.co.uk or call 01695 550950.

Article provided as part of a sponsored package with the Journal.