Professional Services FirmsPayment Solutions Providers Quick Fee announced an integration with Knuula, an end-to-end engagement letter solution provider, enabling accounting firms to customize and automate their engagement letter process at scale. The integration enables accounting firms to standardize and automate their engagement-to-cash workflow, automating all engagement letters, proposals, invoices, and reminders while enabling online payments across all touchpoints and reconciling with practice management systems. Meanwhile, clients can pay at the start of an engagement using a personalized payment link, choosing from a variety of digital payment methods. All payment fields are pre-populated for convenience, and accounting firms have full control over which payment options are displayed. Through QuickFee, accounting firms can accept payments by ACH/EFT, card, or proprietary financing options, and clients can spread payments over 3, 6, 9, or 12 months. This makes accounting firms' services more affordable and improves cash flow for both clients and accounting firms. QuickFee also integrates with leading practice management solutions for accounting professionals, including 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, buoyed by a successful AUD 3.75 million fundraising and a AUD 500,000 share purchase plan announced late last week, which will enable the company to fund its lending expansion in the US and Australia. The company is eager to enter the US market as more than half of US accounting firms' invoices are paid by cheque.
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