Our awesome law firm clients, talented Advocate Capital customer service associates, and gold-standard web development team help us consistently update our case expense funding software, AdvoTrac®.
Millions of dollars have been invested in making AdvoTrac® a game-changer for plaintiff law firms!
This article will outline a few of the updates made to AdvoTrac®.
Case Selection
Payoff and Principal Paydown Upload: When our law firm clients utilize AdvoTrac® to pay for their funded cases, they can now easily upload Excel files containing as many as 600 cases, streamlining mass payoffs or principal paydowns. Our expert team has further optimized this capability to include error detection for duplicate cases within Excel files. This refinement ensures precision and accuracy in the process of payoffs and principal paydowns.
This feature holds particular significance for clients managing a substantial volume of cases, as it offers them a time-saving advantage. By enabling clients to select cases for payoffs and principal paydowns and promptly identifying and addressing any duplicate case entries, the feature enhances accuracy and efficiency. Clients can correct errors before finalizing their payments, ultimately facilitating a smoother and error-free financial process.
Payment Counter: When clients utilize the AdvoTrac®️ platform to upload cases for payoffs or principal pay downs, they experience a streamlined and user-friendly process that enhances their efficiency and clarity. One of the notable features that significantly contribute to this is the "case counter" integrated within the case selection pane.
The case counter is a simple yet effective tool that immediately provides clients with a visual representation of the number of cases they have selected for payment processing. Instead of manually tallying the cases they have chosen for payoffs or principal reductions, clients can now rely on the case counter to perform this task accurately and instantaneously. This seemingly minor detail is pivotal in saving clients precious time and offering them a comprehensive overview of their payment submissions.
If you are a current Advocate Capital client, contact your Executive Client Manager if you have any suggestions for how AdvoTrac can better serve your needs!
AdvoTrac® is a proprietary software platform created by Advocate Capital, Inc. for tracking case expense lines of credit on a case-by-case basis. The case-by-case tracking of borrowing costs makes it possible for Advocate Capital, Inc. clients to reduce their net cost of capital to below 1%* (on average) by recouping their borrowing costs from their cases.
Only Advocate Capital offers AdvoTrac®, the Advocate advantage that provides our clients with the following benefits:
- Line of Credit Tracking: Track case expenses case-by-case to recover the borrowing costs on winning cases.
- Same Day ACH: 24/7 access to AdvoTrac®️ web portal, fundings, and payments processed the same day if entered before 3 PM CST, shorten case timelines, increase client satisfaction, and boost law firm revenues and profits.
- Payoff and Fund Cases: Simple process to fund cases; high-volume firms can upload Excel documents for multiple cases.
- Detailed Reporting: Numerous reports are available 24/7 to monitor case and line of credit data, exportable in PDF or Excel format.
- Secure and Reliable Technology: Multiple backup solutions for maximum up-time, real-time secure data mirroring in the cloud, and two-factor authentication for added security.
- AdvoTrac®️ Support Team: Paralegals, accounting professionals, and former law firm administrators available Monday to Friday from 7 AM - 6 PM CST for assistance, and unlimited free training. Video and PDF trainings are available on the web portal.
If you would like to learn more about how case cost funding and AdvoTrac®️ could help your firm, contact us, and our experts will work with you to find the best financial solution for your law firm.
