BigHand has today announced the release of its latest version of legal business intelligence technology, BigHand Business Intelligence.

BigHand Business Intelligence translates key financial data from any legal system into easily accessible dashboards and reports that are tailored based on needs of individual roles to varying data. The flexible and source-agnostic solution replaces time-consuming manual reporting with a real-time web-based overview of a law firm’s financial performance.

Based on increased client demand and feedback, developments to the latest version of the legal business intelligence tool has significantly reduced the implementation time needed to roll out the solution, which enables a much faster return on investment with users accessing previously unobtainable data in a matter of days.

Other key enhancements include a complete UI refresh, an upgraded management database for monitoring performance data, and an upgraded usage report that is designed to aid in the adoption of BigHand Business Intelligence across a firm.

Power users within legal finance teams will also benefit from an enhanced cube-based self-serve analytics tool that allows for visualization of any BigHand Business Intelligence data through any tool of choice.

In addition to these latest developments to Business Intelligence, BigHand continues to build on its existing integrations to systems such as Thomson Reuters Elite Enterprise, Thomson Reuters 3e, and Aderant, with further practice management integrations on the roadmap to enable its clients in gaining access to advanced business Intelligence. To support its progressive product roadmap, BigHand has also furthered its investment in development resource with three new teams for its BI and profitability product suite.

Rob Stote, Director for BigHand North America comments, “Our recent market research tells us there is a severe lack of financial data visibility in law firms globally. This research is supported by the recent surge of interest and demand from our clients for legal business intelligence data.”

James Baldassarra, Head of Product (Business Intelligence) for BigHand adds, “Now more than ever, law firms need access to key financial metrics to make more informed business decisions. The new developments made to BigHand Business Intelligence mean we can meet market demand and deliver the technology in a matter of days, helping firms to access the data they need more quickly, and accurately.”