Business Intelligence Legal BI software with role-based reporting and dashboards

Features

• Complete profitability analysis and reporting solution for law firms
• Features the most powerful and flexible profitability/allocation engine ever offered for law firms
• Ability to tie collections back the associated work and costs in previous periods (“matching”)
• Three forward-looking projected profitability scenarios: Optimistic, Pessimistic, and Expected
• Full support for both cash and accrual-based profitability analysis
• Each implementation is fully customized based on your firm’s business practices and requirements
• The vast majority of queries render in one second or less, and dashboards that contain numerous queries render in four seconds or less on average
• Fast queries and fast dashboards

Benefits

• Profitability reporting and analysis becomes part of your monthly reporting cycle
• Power users are provided with a complete toolset to support ad-hoc profitability analysis
• Partners and firm-managers can improve performance by monitoring their book of business with role-based profitability dashboards
• Specifically built to handle your toughest “expectations to the rules”

Dimensions

Over 20 dimensions are offered for slicing the measures, including:

• Profit Scenario
• Year/Period (including MTD, QTD, YTD, and R12)
• Officer, Department, Team, and Total Firm
• Client/Matter, Parent-Client
• Working Attorney
• Title/Personnel Type
• Client/Matter Responsible Attorney
• Participating Attorney/Participating Category
• Work Type, Work Status, and more!

Profit Measures

A measure is a value stored in the cube. The Iridium BI Profit cube contains over 100 measures, including:

• Revenue, Cost, Profit (supporting multiple scenarios)
• Revenue Rate, Cost Rate, Profit Rate
• Direct and Indirect Costs
• Collections, Write-offs, Write-downs, etc.
• Gross Margin
• Gross Margin %
• Leverage
• Hours for AFA Scenarios
• Billing and Collection Speed
• GL Data for Cost Analysis
• HR Data for Title Assignment, FTE Values Analysis, and more!

Features

• Complete GL analysis and reporting solution for law firms
• Complete set of role-based financial dashboards, providing analysis by Executive (Total Firm), Department Head, Office Manager, and Team Leader
• Dashboards include financial reports such as Income Statement, Balance Sheet, and Trial Balance
• A robust cube with 50+ measures to support ad-hoc analysis on firm GL data and financial performance
• Report by cash and accrual with multi-currency support
• The vast majority of queries render in one second or less, and dashboards that contain numerous queries render in four seconds or less on average
• Full support for project-based GL analysis

Benefits

• Role-based dashboards drive improved performance across business units. Firm unit managers and executives are fully informed on business unit performance and profitability
• Budget variance analysis supports firm cost control initiatives
• Power users are provided with a complete toolset to support ad-hoc analysis of firm financial data
• Fully configurable to match your firm’s GL account structure and hierarchy

Dimensions

More than ten dimensions are offered for slicing the measures, including:

• Account
• Balance Sheet
• Currency
• Office, Department, Team, and Total Firm
• Office Group, Department Group
• Project
• Income Statement
• Scenario, and more!

GL Measures

A measure is a value that is stored in the cube. The Iridium BI GL cube contains over 50 measures, enabling analysis of:

Revenue & Expense

• Revenue and Expense
• Direct Expense
• Overhead Expense
• Assets, Liabilities, and Equity

Profit

• Gross Profit
• Gross Profit Margin %
• Profit
• Profit Margin %
• Opening Balance, Closing Balance

Budget

• Budget
• Budget Annual
• Budget Variance
• Budget Variance %
• Budget Forecast
• Budget Projection, and more!

Features

• Complete expense analysis and reporting solution for law firms
• The expense data is sourced from the AP sub-ledger, providing users with a vendor-centric view of the expense data
• Complete set of Expense dashboards
• Robust security only allows approved personnel to monitor and analyze expense data
• Multi-currency support

Benefits

• Quickly identify vendors with increasing costs
• Tightly monitor and report on AP by Vendor, a critical component of cash flow analysis
• Power users are enabled for ad-hoc analysis of vendor expense and payables

Dimensions

Over 15 dimensions are offered for slicing the measures, including:

• Office, Department, Team and Total Firm
• Invoice
• Vendor
• Invoice Date
• AP Aging Buckets
• Payment
• Year/Period (including MTD, QTD, YTD, and R12)
• Currency, Exchange Date
• Transaction Type, and more!

Expense Measures

A measure is valued that stored in the cube. The Iridium BI Expense cube contains over 15 measures, including:

• Expense Invoices
• Average Daily Expense Invoiced
• Expense Paid/Discount Paid
• Expense Payment Speed
• AP Amount
• AP Days
• Expense Payment Realization %
• Exchange Rate, and more!

Features

• Complete performance analysis and reporting solution for law firms
• Complete set of role-based dashboards, providing analysis by Working Personnel, Responsible Partner (multiple roles), Department Head, Officer Manager, Team Leader, etc
• A robust cube with 300+ measures to support ad-hoc analysis on all aspects of firm performance
• The vast majority of queries render in one second or less, and dashboards that contain numerous queries render in four seconds or less on average

Benefits

• Role-based dashboards drive improved individual and firm performance
• Attorneys are fully informed on their key KPIs
• Partners and firm managers can improve performance by monitoring their work with role-based dashboards
• Power users are provided with a complete toolset to support ad-hoc analysis

Dimensions

Over 30 dimensions are offered for slicing the measures, including:

• Office, Department, Team, and Total Firm
• Client/Matter, Parent-Client
• Working Attorney
• Title/Personnel Type
• Client/Matter Responsible Attorney
• Participating Attorney/Participating Category
• Work Type, Work Status
• Year/Period (including MTD, QTD, YTD, and R12)
• Bill, Bill Date, Receipt, Payer
• Disb Entry, Disb Type
• Currency, Exchange Date
• Age Bucket
• Time Entry, Time Type
• Transaction Type, Tax Type
• Full Support for Multiple Calendars (Fiscal Year, Associate Comp, Partner Evaluation, etc.), and more!

Revenue Measures

A measure is a value stored in the cube. The Iridium BI Revenue cube contains over 300 measures, enabling analysis of:

• Time Worked, Time Relieved
• Revenue Billed, Revenue Collected
• WIP and AR
• Unapplied Revenue
• Premiums & Discounts
• Billing and Collection Speed
• Disb Worked, Disb Relieved
• Exchange Rates
• Participation Credits
• Target
• HR Data Based on Title, Assignments, FTE Values, and more!