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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
API Access
Has API
Integrations
V-Person
aarwinMEP
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$199 per year
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
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
Automatic Billing
Calendar Management
Case Management
Client Portal
Document Management
Expense Tracking
Time Tracking
Product Features
Legal Billing
Accounting Management
Automatic Billing
Calendar Management
Case Management
Client Portal
Document Management
Expense Tracking
Time Tracking