APS and FeeSynergy - Fee Financing for Accounting Firms

Advanced Professional Solutions (APS), market leading provider of Practice Management solutions for professional accounting firms has announced the formation of a new strategic partnership with FeeSynergy to deliver a fee financing service for accounting firms.

FeeSynergy brings immediate benefit to accounting firms by improving cash flow for both the firm and their clients. At no cost to the firm, the service delivers an immediate cash injection into the practice, a reduction in credit risk, reduced administration burden and a significant competitor advantage.

The solution is fully integrated into the Advance Practice Management fee generation process, and is also available as a standalone application for firms that do not use Advance Practice Management. An effective method of reducing credit management risk and administration costs, fees can be nominated for financing by default for designated clients, on an ad hoc basis for specific fees during the billing process, or on a retrospective basis as a settlement option for aged debt.

Tim Bennett, Business Development Director for APS commented “In the current climate accounting firms, like any other businesses, are faced with the challenge of effective credit management. APS is delighted to introduce this innovative and swift to deploy solution to the market.”

He added “At APS, we have a richly deserved reputation for continued innovation and development of our solutions. FeeSynergy is not just about fee financing, but introduces a dynamic and easy to administer solution that enables the firm to improve cash flow whilst offering genuine support to clients during this difficult trading climate.”

Mike Dobson-Hornett, Managing Director for FeeSynergy UK commented “It is a pleasure to work so closely with APS as the leading vendor in this space, and from our meetings so far with APS clients, we are confident this partnership will deliver terrific value to the professional accounting sector. Our research in the market has found that similar providers only offer settlement around 30 days after presentation – at FeeSynergy we have elevated this benchmark with our unique ability to settle fee notes within 48 hours of submission”.

For further information about the release of Advance FeeSynergy please visit the APS web site at www.aps-advance.com or the FeeSynergy web site at www.feesynergyuk.com.

More information on this Press Release can be obtained through contacting Ms Gemma Clarke on +44 (0) 207 246 9990 or email gemmac@aps-advance.com

About APS Since inception in 1991, APS has been a relationship and service based organisation that moulds business process software around the individual business requirements of each of our clients. Our clients include a broad range of firms from the largest members of the Big 4 and their consulting cousins to mid-size and much smaller firms. While we may be well known for developing and supplying some of the very best software for Professional Service Organisations, particularly Accounting Firms, this is only one part of the APS success story. Much more than this, APS’s sure and steady growth comes from the strong and carefully nurtured relationships we form with our clients and our prospective clients. 22 City Road London EC1Y 2AJ Tel: 0207 246 9990   Web: www.aps-advance.com

About FeeSynergy Founded in 1998, FeeSynergy was established for the sole purpose of servicing the needs of Accountants and their clients by providing a simple cash flow solution known as FeeSynergy Professional Fees Finance. Gibson House Gibson Road Hemswell Cliff Gainsborough Lincolnshire DN21 5TL Web: www.feesynergyuk.com