How a Scottish born firm is leading the way in revolutionising legal accounting
Where it all began
Cashroom: A Scottish born company proud of their roots. In 2008, Accountant Catherine O’Day founded Cashroom to relieve fee earners she was working with of the responsibilities of accountancy, cashiering and regulatory compliance. Since then, Cashroom has grown significantly, now working across the UK with over 250 clients with more than 4,500 users and a growing team of expert cashiers and accountants.
A leading supplier for Legal Cashiering
Cashroom are a leading provider for legal cashiering throughout Scotland. Cashroom also hold a preferred supplier accreditation from the Law Society of Scotland. Working with law firms of all shapes and sizes means they understand law firms have varying demands and can scale services depending on the firm’s needs. Their unique experience in the legal sector has shaped their service offering allowing them to provide a service that meets the demands of the market.
Cashroom expanded into the English and Welsh market in 2014 and most recently this year into the United States. Working with Cashroom, clients will have a dedicated member of their cashiering team who is their main point of contact who they can liaise with daily. Cashroom place a great importance on developing close working relationships with all clients and have a dedicated customer care team contributing to their constant development to better their service offerings to the ever-changing legal market.
Cashroom’s Cashiers consists of SOLAS and ILFM qualified cashiers, Solicitors and Chartered Accountants, providing clients with a unique support network for all aspects of managing their accounts department. Cashroom also support their accounting teams with AAT and CIMA qualifications, allowing them to increase their service offering and provide additional resource to clients.
They have also recently launched their own in-house academy; the purpose of this academy is to continuously develop staff skills and refresh training, allowing them to provide the best possible service to clients.
A main benefit of outsourcing to Cashroom is firms have a full team of qualified and experienced cashiers and accountants working on their account meaning resource is not an issue. This sophisticated service could not be replicated in-house for most firms.
Cashroom have designed a unique and secure web portal that removes the insecurities of email communication for their clients. The portal has been developed in its entirety in-house and is robust, secure, and efficient. Firms can communicate easily and securely with Cashroom and there is always a clear audit trail for their visibility and compliance.
Their system expertise means that they can help firms optimise their processes for their own system use, helping with data flow, accuracy of data and efficiency, all as part of their standard way of working with clients. Cashroom’s portal has integrations with leading practice management systems such as LEAP, Denovo, Clio and Klyant and is system agnostic.
Winning the Technology Award at The Scottish Legal Awards this year confirms they have succeeded in creating an excellent product for the industry.
“Winning this award is great recognition of not only the hard work of the technology team, but also the wider organisation in embracing change and new technology available. We encourage a culture of continuous development and improvement at Cashroom and are always looking at how we can do things better. We love to hear feedback from clients to allow us to adapt and improve our portal to deliver the best legal accounting service possible. Our technology team at Cashroom work hand in hand with our accounting experts and clients as we continue to revolutionise legal accounting!” – Paul O’Day, Head of Product Development
To find out more about Cashroom’s services get in touch:
Alex Holt – Business Development Director