Get Paid Faster with Rocket Matter Pay

Six features of Rocket Matter Pay you should take advantage of 

1. Convenient and flexible payment processing

Using an easy-to-navigate client portal or a secure payment link, clients can conveniently settle their bills online without having to call, send payments via the postal service, or trek across town into the office. 

This strategy is the epitome of meeting clients where they are. Besides convenience, Rocket Matter Pay offers law firms flexibility that you can easily extend to clients through features such as: 

• Wide range of cards accepted: Rocket Matter Pay accepts a full range of cards, including specialty cards. 
• Recurring billing: Clients can set recurring billing online to make regular payments automatically, every pay period, whether daily, weekly, biweekly, monthly, quarterly, and even annually—all with no extra effort on their part.  
• Payment plans: You can offer clients payment plans through Rocket Matter Pay 
• Stored payment methods: Clients can store their preferred payment method so they can make their payment in just a few clicks.  

These features increase your chances of same-day payments, freeing up you and your team for more value-added activities that bring in more revenue. (Instead of hunting down payments month over month.) 

2. Integration with law practice management software

Rocket Matter Pay goes beyond payment-specific features. This innovative software also streamlines your firm by being fully integrated with your practice management software.  

For example, if you want to get the most out of your billable hours, Rocket Matter offers an innovative time-tracking module called Rocket Matter Track. Rocket Matter Track works in the background on your desktop to capture and categorize every billable hour.  

Those billable hours can then directly populate your billing templates. All you have to do is press a few buttons to generate detailed, accurate invoices! 

All payments are automatically recorded in your accounting software—we’re looking at you, QuickBooks—which makes reconciliations and reporting simple for your legal bookkeeping team. 

3. Online invoicing

Does thinking about printing invoices conjure up memories of Office Space?  

Yep, us too.  

There is a better option than refilling printer ink and unjamming paper drawers: online invoicing. With online invoicing, you can: 

• Customize invoice templates for client groups or practice areas 
• Populate invoices with time and expenses tracked within Rocket Matter 
• Send invoices via email or client portal  
• And get paid on every invoice, every time 

Rocket Matter also allows you to see when clients receive invoices, making it easier to avoid the dreaded “it got lost in the mail” excuse.  

4. IOLTA trust accounting compliance

It’s no secret that trust accounting compliance is a major challenge for most law firms. After all, you do have to worry about separating and managing client funds, reconciling accounts, and dispersing payments promptly and accurately.  

It’s a lot to manage on your own. 

Rocket Matter Pay makes trust accounting compliance straightforward, thanks to built-in features such as: 

• Automatic separation of operational and client funds 
• Automatic withdrawal of processing fees from operating accounts 
• Automated compliance checks 
• Generating detailed, compliant invoices with LEDES billing and customizable templates 
• Intuitive, easy-to-use tools that create, monitor, and manage separate accounts for different clients or matters 

5. Reporting and analytics

Wonder what happens during your billing cycles every month? Rocket Matter Pay offers advanced reporting and analytics so you can keep your finger on the pulse of your firm’s financial health.  

Some commonly used reports include: 

• Allocation report: Records how much each attorney brings in 
• Matter budget: Allows you to set a budget for each matter and monitor to ensure you stay within that limit 
• Collections report: Ensures your timekeepers invoice correctly for their billable time 

You can also easily customize your reports with an intuitive, drag-and-drop interface to get the most relevant information for your needs.   

6. Bank-grade security

Security measures for financial data have never been more necessary. Today, clients consider how well firms safeguard their data when deciding who they’ll work with.  

Rocket Matter takes security across their entire ecosystem seriously, and that goes for Rocket Matter Pay. All sensitive, client financial data is protected through robust security measures that include: 

• Encrypted communications 
• PCI-DSS compliance 
• SOC 2 compliance  
• Granular account-level security  
• Automatic backups  
• U.S.-based servers 
• Elevate your law firm finances with faster payments through Rocket Matter Pay 

To keep your practice going strong, you need to get paid quickly. Rocket Matter Pay makes it simple to speed up transactions and stay financially healthy, with easy-to-use features like: 

• Online invoicing 
• Complete practice management integration 
• Flexible payment options 
• Trust accounting compliance 
• Expansive security 
• Insightful reporting and analytics 

Schedule a demo today and see how Rocket Matter Pay can help your law firm.