BigHand Business Intelligence is now powered by Iridium!

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

Overview

BigHand Business Intelligence - powered by Iridium is an advanced financial BI solution for law firms with role-based reporting that delivers the right financial data to the right person via intuitive dashboards. The flexible data warehouse replaces manual reporting with data visibility from firm level to individual clients and matters. Self-service analytics provide controlled access to relevant metrics in any visualization tool of choice. The solution empowers users to improve cash flow and profitability with immediate financial insight.

The Big Benefits

  • Surface key financial & operational metrics from your various business systems 
  • View data as a single source of truth for the firm’s performance and profitability  
  • Empower users to get the answers they need in an instant 
  • Provide actionable data to those who need it 
  • Enable no-code ad hoc reporting for firms with limited resources

Schedule a demo or discovery call to learn more:

How can BigHand Business Intelligence help me?

Choose a department to see the benefits:

Make informed decisions backed by data.  Gain instant access to financial data from firm-wide to matter partner, client partner and practice group. From the value of billable time and fees billed / collected, to the exposure of your aged work-in-progress and debtors. 

Spend less time creating reports, and more time informing strategy. Get instant access to KPIs like Fees, Time, Collections and Profitability, that can be drilled into right down to individual matter invoices, so you can dedicate more time to building commercial awareness in your firm.

Access key financial data in real-time to make informed business decisions to drive firm-wide improvements that future proof your law firm and improve client relationships.

Drive business strategy by providing ‘one version of the truth’ data. Leverage the vast amount of information stored in your business systems with seamless integration to your legal PMS and other reporting systems.

Give your lawyers the ability to do their own financial analysis with controlled access to relevant data. Key client and matter-based data points provide targeted insight into the overall client relationship.

Key Features

Customisable Dashboards and Reports

Fully automated reporting on financial performance of the Firm, right down to the Individual level. Drill down into financial KPIs like fees, time, collections and profitability and GL.

Cubes and Warehouse Data Storage

Provides both traditional data storage and more advanced analytical capabilities. 

Advanced Modules

Choose from independent modules: Profit, GL, Expense, Revenue. Read more about each module below.

Practice Management Plug and Play

Pre-built connectors allow for standard and rapid deployment against firm financial systems.

Role-Based Views / Access

Firm, Partner, Practice Group, Individual views and more provide key information relevant to the user’s role. Build a culture of commercial awareness by showing users exactly what they need to see, and no more.

Intuitive Interface

No proprietary code allows the firm to leverage existing Microsoft technical expertise. Easy to use with minimal training requirements and backed by 24 hour support.

Self-Service Analytics

View in any visualisation tool of choice, including PowerBI.

Profit Module

Overview

We consider the Profit module to be the “crown jewel” of our complete BI suite for law firms. It is tightly integrated with the other modules, giving firms a complete view of profitability as part of the overall firm performance.

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!

GL Module

Overview

The GL module provides a robust foundation for our complete BI solution to analyze and report on general ledger data. The entire set of GL data is available, including drill-through to journal entries. The GL module is tightly integrated with the other BI modules, providing users with a comfortable and familiar analysis experience.

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!

Expense Module

Overview

  • Ability to monitor vendor expenses and identify trends where vendor expenses are either increasing or decreasing
  • Reporting and analysis of AP by vendor, including aging buckets. Breakdown of vendor expense is also available by Invoice
  • Vendor expense can be viewed based on business units: Total Firm, Office, Department or Team
  • Fast queries and fast dashboards - the vast majority of queries render in one second, and dashboards that contain multiple queries render in four seconds or less
  • Ability to classify vendors by Vendor Type for analysis and reporting

The Iridium BI Expense module allows firms to track and analyze their vendors spend, a critical component to support your firm’s expense control initiatives.

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!

Revenue Module

Overview

The BI Revenue module provides clear insights into your firm’s financials, providing lawyer friendly dashboards to everyone within the firm. The module supplies over 300 measures including billable hours, billable value, bills, collections, disbursements, and WIP/AR.

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!

Brian Taaffe Author
Joe Zoghbi Author
Rob Stote Tie
Tom Jones

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