How Noodle’s Flexible Payment Options Can Help Your Law Firm

The Modern Law Firm series delves into how AI can streamline your law firm — whether it’s by saving you time and money, eliminating mistakes and redundancies or making your workflow more efficient. 

Getting paid is an important part of running any business. If clients are consistently late with payments, it can hurt your cash flow. 

To remedy this, you can offer flexible payment options, which can help you get paid regularly and also work with your clients’ circumstances. According to the Legal Trends Report, “firms that can bill out and collect on their work more efficiently will have less of their revenue in lockup, which will see them achieve higher cash flow.” 

Read on to learn more about Noodle’s pay-as-you-go system and other ways we help you get paid faster. 

How Noodle’s Pay-as-you-go System Works

In their portals, clients can click on the “Pay Invoice” button at the top of the screen. It will then bring them to a new page that allows them to choose between “Custom amount” and “Pay in full.” The platform will then prompt them to enter their bank information. 

Check out this video below that breaks down the process:

Benefits of Noodle’s Pay-as-you-go System

As the name suggests, a pay-as-you-go system is one where clients don’t pay their full bill at once. Instead, they pay several times during the length of their contract. Noodle allows you clients to pay their invoices little by little. Here’s why it’s beneficial: 

It Puts Less Pressure on Clients

If you are working with a client, especially over a long period, billing them as you complete work can be easier for them to manage than one large bill. Offering this option can make clients feel less overwhelmed with their bills. 

It Gives Clients More Control 

This option gives clients a chance to pick what they feel most comfortable paying. For example, if one week they can pay $50 but two weeks later they can pay $100, it gives clients control over how they handle their bill.

It Can Alleviate Billing Issues for Your Firm 

Waiting to bill your client can hurt your firm. As the Legal Trends Report notes, the longer it takes to send out bills to your client, the longer it takes to receive payment. A system where clients receive an invoice immediately after you have completed a task can help you get paid more quickly.  

It’s Automated

With Noodle, you can send out automated invoices after you take a specific action. This means clients will get bills in a timely manner, which is paramount to getting paid on time. According to the report, 28% of clients who responded to the survey said that it was a “noticeably long time” until they received their bills. Noodle can handle this process for you. 

Other Ways Noodle Makes Your Payment System More Flexible

Pay-as-you-go is not the only way that Noodle makes your payment system more flexible.

Different Billing Methods

According to the Legal Trends Report, 37% of clients received their legal bills through the mail. A slightly larger percentage (39%) received their mail through email. Mail can slow down the process and get lost in a stack of letters. 

Noodle recognizes that you don’t have to bill your clients in the same way. With Noodle, you can send a QR code, your Noodle One-Link or a payment link via text. This puts clients in control of how they want to receive billing notifications.

Different forms of payment

Noodle takes many different forms of payment, including all major credit cards but also Apple Pay and Google Pay. Once again, you are giving clients choice to pay on their own terms. 

Online Pay

Clients don’t have to come into the office or mail a check to settle their bills. They can pay right from their phones. When they receive a notification about their bill, even if they are away from their desk, they can take care of their bill right away. 

Payment Plan

Noodle also gives clients the option to pay a fixed amount each month, which can also provide some relief as they break up one bill into several smaller ones.