With the support of our exceptional law firm clients, the expertise of our diligent Advocate Capital customer service associates, and the innovation driven by our gold-standard web development team our case expense funding software, AdvoTrac®, is always getting better and better.
A substantial financial commitment of millions of dollars has been channeled into shaping AdvoTrac® into a true game-changer for plaintiff law firms!
This article will unveil a selection of the latest enhancements that have been done to AdvoTrac®.
Memos
Expanded Memos: The memo field on several reports within AdvoTrac® has been expanded to show longer memos. Thank you to the client who suggested this update! The inclusion of expanded memo fields benefits law firms, particularly when it comes to audits and comprehensive expense tracking. The ability to include detailed memos for each case cost means that law firms can provide a comprehensive narrative for every expense incurred. This documentation includes the type of expense (e.g., expert witness fees, medical records) and can also outline the expenditure's specific purpose, context, and relevance.
Auditors can now easily grasp why certain expenses were necessary, how they contributed to the case's progression and the overall impact on the client's representation. This facilitates quicker assessments and reflects positively on the law firm's organizational and administrative capabilities.
Fast and Reliable Portal
Infrastructure: AdvoTrac®️ has recently significantly enhanced its underlying infrastructure. These upgrades involve the implementation of new servers and advanced server configurations, resulting in a substantial boost to the platform's speed and reliability. This development reflects our ongoing commitment to refining and enhancing our product's performance. We continuously invest in the betterment of AdvoTrac®️, ensuring that it operates at its best to meet the evolving needs of our users.
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.
