Here’s another excellent reason to be an Advocate Capital, Inc. client! Have you heard of the AdvoTrac® Case Expense Funding Service Payoff Quote?
When you fund your cases with Advocate Capital, you pay us monthly for the interest on your line balance. When a case concludes, your firm will use the proceeds from the case to pay the principal borrowed for case expenses. If implemented properly, the cost to your firm is next to nothing.
You can run a Payoff Quote report when you pay off a case. It details the amount due to Advocate Capital and the amount that your client owes you.
Our clients can generate this report 24/7! This feature allows Advocate clients to see a payoff amount, even when they are not ready to pay. Our clients often use this feature to give their client advance notice of their settlement.
Advocate Capital is dedicated to providing the best software for law firms to track their lines of credit case-by-case, and we are improving it all the time. The payoff quote is one of the many features of AdvoTrac that make it work so well for contingent-fee law firms. Did you know Advocate Capital offers free, unlimited training?
If you want more information on this feature or a demo of AdvoTrac®, please contact us at trainingteam@advocatecapital.com or 615-577-1000.
*AdvoTrac® is Advocate Capital, Inc’s proprietary software platform used to track 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.
Director of Education & Training
