Octagon and Lexpro Systems have created an exciting new platform, presenting the attorney with a seamless solution for effective information and risk management for Accounting, Litigation, Debt Collection and Conveyancing.
Chris du Plessis from Du Plessis & Eksteen Incorporated in Pretoria states: "In order for an attorney to satisfy clients while making a profit, risk and time management is essential. This means that more things need to be done at a lower cost and in less time than ever before while ensuring risk free decisions for the attorney and client simultaneously. This new product gives us the edge we need. Since the launch of the product, many existing Lexpro systems have moved fast and upgraded and already multiple new client installations have taken place. We have no doubt that LexproCredit the new product offering will far exceed the forecasts and expectations."
The message from the industry is clear: use technology and advance effectively and profitably, or stay behind. Today multiple value-add information sources are available at the press of a button or a click of a mouse. The question that must be answered is simple in its complexity: how can technology push the attorney forward towards making higher profit and at the same time provide the best cost effective service to his clients?
Lexpro and Octagon have the solution, which offers the best combined practice of both worlds: valuable experience and words of advice from an attorney practising law for more than 30 years together with the information technology from an IT company specialising in credit and financial solutions with a unique secure point of contact giving access to mission-critical date sources.
"Between the two companies we service more than 5 500 business`s in various parts of South Africa, from as far north as Thoyandou to as far south as Cape Town. " states Chris Green, Marketing Director of Octagon.
Green continues, " By using "LexproCredit" the attorneys business needs are met in multiple instances. For example: In the conveyance arena access to user-friendly online deeds information is an integral part of the daily business. Quick searching facilities, whether it is by Name, Property, Title deed and even Street address needs to be quick and precise. To be able to track which search is being done for which client, is essential; and what makes this a total winner is that productivity is increased ten-fold, by having the physical title deed delivered to you electronically".
"Our attorneys have increased their conveyance work turnaround by approximately 20% since using the online doc-copy feature for getting the actual title deed. We eagerly await statistics as more and more users start using this phenomenal feature.", states du Plessis.
"One of our hugest benefits has been a 100% improvement in risk management", continues du Plessis. "Fraudulent cheques present a massive problem in ever increasing proportions, especially so in the case with attorneys who deal with trust monies and cannot afford to be attacked by a rubber cheque. We now have as part of our system, cheque verification that is built into LexproCredit and we can learn from people such as Telkom, who use the exact same technology and have apparently saved thousands of rands against possible fraudulent cheques"
du Plessis emphatically states, "Credit and business risk management is an accepted de facto standard practise in the financial business world and we the attorney fraternity must conform to this. Obtaining online Commercial credit reports from KreditInform, South Africa`s premier commercial credit bureau is part of our system and immediately alleviates hours of work in finding the crucial information needed. Having access to both Experian and ITC for consumer credit information is a no brainer. To round off our credit risk management we also have access to online bank codes giving us a credit risk perspective from the banks view of how people conduct their banking practises. This information, coupled with deeds information is without any doubt the most valuable product for any attorneys business."
Du Plessis and Green agree, "The role of attorneys is changing daily. The clients are seeing the attorney more and more as a one-stop shop for helping them sort out their legal needs and often financial needs."
"ONLINE FINANCING, is one area, where the attorney service expands immediately through the use of LexproCredit`s technology. Online finance for property bonds gives the attorney`s client an integrated solution right through to the lending banks", states Green. "When a client in the attorney`s office mentions that he intends purchasing property and needs to apply for a mortgage, the attorney can assist his client by applying on-line for the financing on behalf of the client through a bond originator connected to all the major banks. LexproCredit offers the attorney the opportunity of being integrally involved with online financing and ensures that his clients` needs are met, there and then. Client service and technology is the key."
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