Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Over half of a legal department's financial resources are allocated to external law firms, prompting some organizations to rigorously verify payments for invoices that can include thousands of line items each year. By enhancing compliance and minimizing overpayments, clients can achieve cost reductions of 5 to 10% in their spending on outside counsel. Additionally, by streamlining the invoice review process, clients can cut down the time spent on this task by as much as 80%. This leads to the provision of trustworthy data that allows law departments to glean strategic insights for further savings. Furthermore, it can help decrease overspending on outside counsel by up to 10%, ensuring a return on investment from day one through diligent billing assessments and quicker payment processes. The automation of invoice analysis not only reduces the burden on law department staff but also eliminates up to 80% of the time traditionally consumed in this review process, thereby promoting efficiency and cost-effectiveness in legal spending. In conclusion, such systematic approaches can significantly transform the financial landscape of legal departments.
Description
Logging billable hours and expenses is a straightforward process that ensures your information remains meticulously organized, facilitating easy access for reviews and modifications. The system seamlessly integrates time and expense entries into invoices, eliminating the need to duplicate data inputs. You have the flexibility to upload your branding elements, utilize customized letterheads, adjust font styles, modify column layouts, and sort or group information as needed. Invoices can encompass various details, such as previous balances, payments made, accrued interest, and trust account transactions. Additionally, it's possible to issue invoices that reflect the rates of multiple timekeepers in a single document. Every time an invoice is generated or a payment is recorded, Time59 promptly refreshes all financial balances for accuracy. Your practice can significantly benefit from the diverse reports available through Time59, which range from basic invoice and payment listings to detailed aged receivables and ledgers. Each report can be tailored to specific date ranges, individual clients, or groups of clients, enhancing your financial oversight. With the comprehensive insights provided by these reports, you can make informed decisions to drive your practice’s success.
API Access
Has API
No
API Access
Has API
No
Integrations
V-Person
No
aarwinMEP
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$199 per year
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
Conduent
Founded
2017
Country
United States
Website
www.conduent.com/solution/legal-operations-solutions/legal-invoice-analytics/
Vendor Details
Company Name
Business Data Designs
Founded
2005
Country
United States
Website
www.time59.com
Product Features
Legal Billing
Accounting Management
No
Automatic Billing
No
Calendar Management
No
Case Management
No
Client Portal
No
Document Management
No
Expense Tracking
No
Time Tracking
No
Product Features
Legal Billing
Accounting Management
Yes
Automatic Billing
No
Calendar Management
No
Case Management
No
Client Portal
Yes
Document Management
Yes
Expense Tracking
Yes
Time Tracking
Yes