Source: LawNext
nQ Zebraworks, a company whose “invoices-to-cash” solution automates the billing cycle for large and mid-sized law firms, has closed a $4.5 million funding round, bringing its total investment to $13.5 million. The investment was spearheaded by the company’s lead investor Reckon Limited and supported by key shareholders and will be used to drive growth of its cloud-based platform.
“This additional investment in nQ Zebraworks enables us to capitalize on the market opportunities that we’ve been building toward,” said Bill Bice, CEO of nQ Zebraworks. “It’s an exciting time for our team as we leverage the great foundation we’ve built to drive sales growth and deliver value to our clients.”
The company’s BillingQ product targets the problem of firms that rely on a mix of ad hoc applications and manual processes to deliver bills, manage A/R follow-ups, analyze collections, and accept payments. BillingQ is designed to “turbocharge” this process by automating the full billing cycle for law firms, from invoices to payments, in a cloud platform, while also integrating with firms’ financial management systems. The company says that BillingQ saves firms 4–6 days per billing cycle while improving collected realization rates and enhancing the client experience.
Read the full article: https://www.lawnext.com/2024/12/nq-zebraworks-raises-additional-4-5m-to-drive-growth-of-its-cloud-invoices-to-cash-solution.html
