Professional service firm payment solutions provider Quickfee announced its integration with Knuula, an end-to-end engagement letter solution provider that allows firms to customize and automate their engagement letter process at scale. The integration allows accounting firms to standardize and automate the engagement-to-cash workflow with the capability to automate all engagement letters, proposals, invoices, and reminders, while enabling online payments at every touchpoint and reconciling back to the practice management system. Meanwhile, clients can use personalized payment links to pay right at the start of the engagement, choosing from a range of digital payment methods. All payment fields are pre-populated for convenience and the firm retains total control over the displayed payment options. Through QuickFee, accounting firms can accept payments by ACH/EFT, Card, or a proprietary Finance option, which allows clients to spread payments over 3, 6, 9, or 12 months. This makes the firm’s services more affordable, while improving cash flow for both clients and firms. QuickFee also integrates with top practice management solutions for the accounting profession like Wolters Kluwer CCH AxcessTM Practice and CCH® ProSystem fx® Practice Management, Thomson Reuters Practice CS, and IRIS Practice Engine. The company also announced plans to expand into the US market, supported by the successful capital raise of $3.75 million AUD and a $500,000 AUD share purchase plan announced late last week, that will enable the business to fund lending growth in the US and Australia. The company is eager to enter the US market due to more than half of U S accounting firms’ invoices being paid by check.
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