Facts and Problem faced by our client:

In the highly sensitive and confidential realm of the legal sector, our client, a prominent Indian legal company, faced a complex challenge in onboarding legal counsels while ensuring secure and confidential payment processes. The intricate nature of this task involved confidential onboarding, KYC verification, invoice verification, approval, payment processing, submission to the client’s account, reconciliations, and detailed GST and TDS calculations.

How our Services team solved the problem:

PMC Consultants addressed this multifaceted challenge through our specialized Payout Services, leveraging our in-house technology software designed for handling large volumes of data in the most confidential way. Our technology allowed us to process substantial payments efficiently, incorporating various bank and government APIs.

Approach we took in solving the client’s problem – Technology Integration:

• Confidential Onboarding: Our technology facilitated a confidential onboarding process for legal counsels, ensuring compliance with all legal and regulatory requirements while maintaining the utmost confidentiality.
• KYC Verification: Robust KYC verification processes were integrated into the system, ensuring that all legal counsels were thoroughly vetted and compliant with the client’s standards.
• Invoice Verification and Approval: The software enabled a streamlined process for verifying and approving invoices. This reduced manual efforts, minimized errors, and enhanced efficiency.
• Payment Processing and Reconciliation: Utilizing various bank and government APIs, our system efficiently processed payments while ensuring accurate reconciliations. The technology-driven approach eliminated the risks associated with manual payment processing.
• GST and TDS Calculations and Reconciliations: The software incorporated automated calculations for GST and TDS, ensuring compliance with tax regulations. Reconciliations were seamlessly conducted, reducing the risk of errors and discrepancies.

How we can help you with our team of experts:

PMC Consultants, with our team of experts specializing in confidential payment processes, offers tailored solutions for businesses in the legal sector. Our expertise extends beyond mere payment processing; we provide end-to-end solutions, from onboarding to reconciliations, ensuring compliance and confidentiality.

If your legal firm is grappling with the complexities of managing confidential payments, compliance, and reconciliation activities, PMC Consultants stands ready to be your trusted partner.

Let our team guide you towards a future where legal sector payments are secure, efficient, and compliant.