Take charge of your firm’s cash flow with this superior funding solution
MAG Capital has recently partnered with Kawaconn, to deliver an all-in-one disbursement funding and workflow automation service -so you can free up capital to take on more cases without the financial bottlenecks. MAG Capital has worked together closely with Kawaconn, to develop a Disbursement Suite Module as a tailor-made software solution for Law Firms to access medicolegal matter fundings and control lending risks effectively.
How does it work?
Integrated into your current practice management software (PMS), your staff will be able to transfer matters to Kawaconn’s Disbursement Module directly through their existing portal.
Once on the Disbursement Module, your staff will be able to use Kawaconn’s intuitive interface to request medicolegal funding and manage all ongoing disbursements.
Data between Kawaconn and your current PMS will sync automatically, meaning you’ll never have to cross-enter data between two systems, which often leads to mistakes and lost files. This saves hours of staff time every day.
What are the benefits?
The module streamlines approval workflows, enabling quick authorisations for disbursements. This reduces funding delays and enhances efficiency in legal processes. Automatic email and SMS updates on case status means your staff will never miss a beat.
Kawaconn's integration with MAG Capital and all major accounting software including Xero and Quickbook as well as Power BI gives you the ability to produce billing reports, including statements and invoices, through the software, saving hours of staff time for every process.
The clear visibility that the platform gives your staff, ensures transparency and accountability, making sure that nothing’s ever missed. This feature fosters trust by allowing easy monitoring of all disbursement activities.
Manage your funding risk
It’s important to us at MAG Capital that our clients are able to make informed decisions before requesting funding for a case. That’s why we developed risk mitigation and legal matter processing features, to assess the likelihood of a successful claim before funding. This protects the interests of both parties and gives confidence to your firm and your clients.
Kawaconn’s Liability Medical Quantum (LMQ) service is able to mitigate risk through a module that determines liability and likelihood of a successful claim. Medical refers to the coordination of treatment and assessments for optimal claim realisation. Quantum refers to the management of legal status updates through to settlement. Liability assessment is available for all personal injury claims including but not limited to MVA, Workers Compensation, Public Liability, Professional Indemnity, Abuse Claims and TPD.