The Big Benefits
- Plan plan, track, and manage matters
- Create multiple what-if budget scenarios
- Track matter budgets against actuals
- Use budget templates and wizards
- Get alerts and notifications
Increase firm profitability through better matter management. Intellistat Matter Planning & Pricing’s sophisticated user-centric dashboard, scenario modeling, and budget tracking enable financial professionals, practice managers, and attorneys to effectively manage the most important drivers of profitability -pricing strategy and staffing methodology.
Intellistat Matter Planning & Pricing enables law firms to plan, track, and manage matters for all fee arrangements. The application enables users to create multiple what-if budget scenarios as they staff an engagement opportunity. With the what-if functionality, firms have the capability they need to analyze the expected profitability of a matter and then ultimately track the actuals costs against one or more budget scenarios. By tracking the matter budgets against actuals, the firm can monitor progress of each engagement and be alerted (via dashboard alerts, scheduled or triggered email summaries) when approaching key milestones and budgetary thresholds. Tracks all financial data associated with matter budgets (and actuals)from Leverage, Revenue, and Realization to Cost and Margin.
Schedule a demo or discovery call to learn more:
Intellistat Matter Planning & Pricing’s sophisticated user-centric dashboard, scenario modeling, and budget tracking enables financial professionals, practice managers, and attorneys to effectively manage the most important drivers of profitability - pricing strategy and staffing methodology.
Iridium Technology announces its merger with Data Fusion Technologies, Inc. (DFTech). The Iridium BI product offerings are extended to include the Intellistat line of business analytics tools as well as the Steere family of law firm business technologies.
“Law firms are under pressure to improve pricing, profitability and service delivery. This combination enables both companies to continue at the forefront of innovation for firms looking to leverage data and analytics to drive better decision making and improved performance,” says Tom Jones, Chief Executive Officer of Iridium Technology. “Adding the Intellistat and Steere product lines puts Iridium in the position of having the broadest BI and financial analytics product footprint of any business partner to the legal industry.”
Iridium Technology announces record-breaking Q1 results. As law firms continue to embrace digital transformation, more firm leaders are turning to Iridium for targeted solutions to improve firm profitability and processes.
The company also announces new product releases for all four product families and hired five additional consulting/development resources to keep up with the increasing demand for Iridium products.
The complementary products mean law firms now have powerful insight into their financial management and operational management, alongside resource optimization and business development.
BigHand now has over 350 employees, 3,600 clients and 810,000 users worldwide. We support 82% of UK Top 200 firms and 81% of AmLaw 200 firms, and pride ourselves on meeting client needs, demonstrated in our customer satisfaction score of 98%, and NPS score of +83.
Designed with a rich environment that includes a role-based dashboard view with meaningful charts, critical alerts, a matter watch list, user-defined web links, and more, Matter Planning has been fully fashioned with the user perspective in mind.
Displays any items that have crossed a customized alert threshold. Alerts are configured to highlight matters needing attention and can check matter data firm-wide, by practice area, or down to the matter level. In addition to appearing on the dashboard, the alerts can also be sent via email.
Affords attorneys a bird’s eye view of the overall state of their matters and how well they meet client expectations and the firm’s profitability needs. The Watch List displays summaries for matter scenarios of interest to the user. Scenarios are added to this panel by dragging a matter from the Alerts area.
Guides users step-by-step, screen-by-screen to create an opportunity and budget scenarios that are linked to matters for comparison to actual costs enabling quick profitability analysis.
Create a firm defined set of budget templates by any combination of tasks, resources, and time dimensions in order to facilitate rapid creation of new budgets using assumptions unique to your practice.
Request an informal 10 minute call with one of our specialists.