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Marathon Records Announces New Version of "IOLTA One" Application for Attorneys and Title Insurers
Unique Cloud-based Technology Is Only Program Designed Specifically for Rules-Compliant Trust Account Record Keeping
IOLTA One is a cloud-based application which enables users to ensure they are accurately maintaining all required records relating to funds held in trust accounts such as an “IOLTA” (a bank and legal industry recognized term for interest-generating trust accounts which often hold funds for multiple client matters).
Developed by a team of attorneys and accountants, IOLTA One is accurate, easy to use and reduces the responsibility of maintaining IOLTA account records to a simple data entry process. IOLTA One requires the user to enter basic information and will not allow the user to enter a transaction if required information is missing. It also alerts the user if an entry will create one of the common errors frequently found in IOLTA accounts, such as a negative balance or an unrecorded client identifier.
“Erroneous record keeping for IOLTA accounts is one of the easiest ways to get disciplined by a State Bar Association”
The application automatically produces a fully compliant main register, individual client ledgers, and reconciliation reports that can be used to inform clients of their balance, as well as provide hard and electronic copies of all records required by each states’ IOLTA rules. Accurate records mean no missing transactions and less potential liability for users, easily audited records mean that errors and inconsistencies are identified and remedied quickly, and the cloud-based application securely maintains all info while removing the need for potentially costly infrastructure at a user’s own office.
Ideal for firms with limited resources but large ambitions, IOLTA One’s ease of use and subscription pricing model saves time and money for attorneys and title insurers with no dedicated internal bookkeeping personnel. IOLTA One meets the needs of users in both a traditional office structure as well as those moving toward a mobile office structure by allowing the user to view and update records on any computer or mobile device with Internet access.
Organizations interested in a free trial of the IOLTA One solution can contact Jason Tiner at (720) 340.4060 or jason@marathon-
About Marathon Records (www.marathon-
Marathon Records™ is your complete IOLTA resource. We provide IOLTA One, the only application designed specifically to address the rules-compliant record keeping needs of attorneys and title insurers. Our online bookkeeping application is your bridge to maintaining accurate records of each of your client's trust funds, and can be accessed and updated securely from any computer or device. We also provide a full suite of consulting and audit services as well as a robust library of IOLTA information.