Legal technology company Clio announced on Tuesday the launch of its new tool, Clio Accounting, in the U.S.

The solution, which operates as an add-on, is meant to be the next step in the company's suite of financial management offerings, building off of its digital payments tool Clio Payments and integrating data from other systems like Clio Manage.

Clio chief product officer Hemant Kashyap and the company's lawyer-in-residence Joshua Lenon told Legaltech News that the tool is meant to ease the often complicated system of trust accounting  by integrating various financial data points into a single, centralized solution.