Drive Revenue an online accounting software firm for lawyers, has, with the assistance of HAVAÍC, has successfully closed its first external funding round to continue its development of a cloud-enabled financial management system which is specifically geared towards legal practices.
According to Jenny Assheton-Smith, the CEO of Drive, “Since going to market, the demand for our solutions has ratified our commitment to providing solutions that are scalable, secure and hassle-free. Cloud technology has brought the best in infrastructure facilitation, from server availability and computing power, security, disk space, backup and disaster recovery to every device on the planet at a fraction of the cost, completely minimising the risk of running your own infrastructure in-house.”
The system allows for an integrated and coherent system for recording time and activities, issues invoices based on inputs, produces financial accounts for the practice, customised for accounting rules of specific geographic markets and management of trust monies; and enables real time analysis of practice performance metrics.
The investment was underpinned by overseas investors after the company secured improved sales and adoption of its solution.
The firm builds its applications using the very latest in cloud application development technology, and provide its enterprise grade solutions affordably and cost effectively to the smallest through to the largest law firms in the world.
The online accounting and practice management platform for legal practice offers Online Accounting, Practice Management, Cloud Based Accounting
and Accounting for Small Business founded to challenge the status quo in legal accounting and drive positive change by delivering practice management solutions is a product of business experts, lawyers and software engineers.
Grant Rock, executive director of HAVAÍC, and former corporate M&A lawyer: “When I first met Jenny and her team in late 2016 and saw a demo of the product offering, I immediately recognised the usefulness and simplicity of this product for the legal practitioner compared to the existing expensive legacy systems. We are excited to see the rapid uptake of this great product.”