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# Accounting Letter-Drafting Apps
Payment Processing Solution Lets Accountants Track Engagements

By Alyson Wyers | Published 2018-01-29 | Business
Source: Trend Hunter, https://www.trendhunter.com/trends/payment-processing-solution
References: [betalist](https://betalist.com/startups/engage) & [get-engage-cpa](https://www.get-engage-cpa.com/)

This engagement tracking and payment processing solution was designed for and by CPAs. SaaS startup [Engage](https://www.trendhunter.com/trends/engage) is an online platform and a "practice management application for accountants." This makes it easy for them to monitor engagements and receive payments online.

The new business productivity venture is also a way to create structured professional letters for particular accounting and tax services rendered. Engage draws from niche legal and regulatory knowledge to generate [professional client engagement letters](https://www.trendhunter.com/trends/letters). This makes it easy to set up new client agreements and have them paid right away (fees are paid upfront by clicking a box).

This payment processing solution is an example of how drafting can be painless and how regulation compliance can be built in.

## Trend Insights (Trend Hunter)

- Score: 2.4/10
- Popularity: 53% | Activity: 10% | Freshness: 8%
- Audience gender: 50% men, 50% women
- Primary generations: Millennial, Gen X
- Top markets: North America

## Categories

[Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business)

## Key Themes

### Key Themes Behind This Trend

- **Engagement Tracking:** Opportunity for automation and streamlining of client engagement tracking for accountants.
- **Payment Processing:** Potential to simplify and expedite the payment collection process for accounting professionals.
- **Letter-drafting Automation:** Disruptive innovation opportunity in automating the creation of professional letters for accounting and tax services.

### Where This Applies

- **Accounting:** Accounting industry can benefit from technology solutions that improve productivity and client servicing through engagement tracking and payment processing automation.
- **Software as a Service (saas):** SaaS providers have an opportunity to cater to the accounting industry's needs with online platforms and practice management applications.
- **Legal and Regulatory Compliance:** Innovative solutions that leverage legal and regulatory knowledge can enable automation and risk mitigation in the accounting sector, particularly in letter-drafting and client agreement processes.

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