8am, a professional business platform geared for legal, accounting, and other client-focused professionals, on Tuesday announced new capabilities enhancing 8am CPACharge, its secure, cloud-based payment processing solution that lets accounting firms accept credit, debit, and eCheck payments.
The new features address cash flow issues by giving firms faster access to the revenue they’ve already earned.
8am noted that 88% of small businesses face cash flow disruption, often driven by lengthy invoice settlement times, fragmented payment methods, and manual reconciliation processes. At the same time, 52% of SMBs now view payment systems as strategic assets, signaling a shift toward modern, integrated financial operations.
The company says its latest enhancements meet this need, providing firms with a more connected financial foundation to manage payments, reduce delays, and improve visibility into revenue.
“Accounting firms shouldn’t have to wait for their hard-earned money. They spend years building expertise and relationships, only to have slow billing and payment processes create a gap between earned revenue and accessible revenue. Billing lag can distort financial statements and make cash flow unpredictable, leading to more serious operational issues that hamper growth and impact business decisions. That’s why improving financial health and providing rapid access to cash is critical, especially for SMB firms,” the company said. “8am is closing this gap, allowing firms to reinvest faster, hire smarter, and grow on their own terms.”
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At the center of 8am’s announcement on April 28 is guaranteed next-day payments, which is now available across all of its payment solutions, including 8am CPACharge and 8am LawPay.
“The expansion of next-day payments makes guaranteed next-business-day deposits the new standard across all 8am payment solutions,” the company said in a media release. “This enhancement reduces delays in receiving funds, improves cash flow predictability, and eliminates the administrative workarounds often required with traditional payment timelines. Instead of waiting for revenue to clear, firms gain faster access to the capital they’ve already earned.”
“Our customers work hard for every dollar. When they get paid, they should be able to access that money without delay,” Leslie Witt, chief product officer at 8am, said in a statement. “With next-day payments, firms can count on funds hitting their account the very next morning, ready to be put to work. Combined with enhanced visibility into billing, expenses, and trust activity, we’re giving firms everything they need to manage their finances in one place and turn cash flow from a business constraint into a growth driver.”
The 8am platform includes 8am LawPay, 8am CPACharge, 8am MyCase, 8am CasePeer, and 8am DocketWise, providing integrated solutions for every stage of the professional services lifecycle.
8am processes more than $27 billion in payments annually.
Photo credit: 8am/Instagram
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