PTFM Currently offers Disbursement
Payment Solutions consistent with ABA Guidelines for Billing of Disbursements
and Other Expenses. Click
here to view those guidelines. Our solutions include:
Cash Right Now™
With PTFM’s patent pending Cash Right Now system, your firm obtains “instant
retainers” for payment of out-of-pocket expenses, and you get to keep your
cash where it belongs – in the bank. The Cash Right Now system collects
out-of-pocket fees from your clients the same day these payments are made,
by electronic collection from either a client credit card or checking account.
PTFM pays your firm the full cost of the out-of-pocket fee, so that you
are not losing 2% or more on each credit card transaction. Clients pay
only when the fees are actually due, and your firm avoids the expense of
cumbersome retainer transactions.
Free Cash Flow™
Using the patented Free Cash Flow credit line system, your firm can finance all
of its out-of-pocket expenses on an evergreen line of credit, and have your
clients pay the interest. Using PTFM’s patented methodology, PTFM bills your
client a small up-front fee for each out-of-pocket cash expense advanced for
the client. That fee is used to pay the interest on an evergreen line of credit.
Your firm merely passes the PTFM fee along to its client with the bill for
the disbursement, and enjoys “zero interest” financing of its client costs. Click
here to see how Free Cash FLow works.