Pro Billing for Legal Time, Billing & Financial Systems for Law Firms and Legal Departments

Transcription

1 TIME AND EXPENSE MANAGEMENT Fulcrum s Rapid Deployment Solution (RDS) for Legal WIP MANAGEMENT BILLING ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE/ COLLECTIONS POWERFUL FUNCTIONALITY, RELIABILITY, AND SCALABILITY Pro Billing for Legal Time, Billing & Financial Systems for Law Firms and Legal Departments SAP QUALIFIED RAPID DEPLOYMENT SOLUTION

2 Business Issues Inability to serve global clients due to decentralized billing systems Complex, labor intensive, and lengthy month- end processing Inability to accurately value WIP Inability to scale for growth through mergers and Inability to deliver transparency of maaer billing info to clients systems with issues and data inconsistencies Performance problems

3 Typical Business Issues Addressed If you had a centralized billing and financial system, would this help you beaer serve your global clients and maaers? If you had a billing and financial system than enables you to quickly add a new office or prac@ce, would this be beneficial to your business? If you could accurately and efficiently perform WIP valua@on, what impact would this have on your billing prac@ces and compensa@on planning? If you could eliminate mul@ple disparate systems, would this help reduce the cost and resources related to support and maintenance? Would increased transparency of data help beaer run your business and improve service to your clients?

4 Pro Billing for Legal Overview A comprehensive, yet rapidly implementable end- to- end billing and financial solu@on for law firms and legal departments End to end func@onality for: Time and expense recording MaAer and client management WIP management Billings and collec@on management Fixed scope, fixed cost Deployable in 12 weeks, low burden on resources, and least amount of disrup@on = high ROI

5 Pro Billing Scope MASTER DATA Create/Maintain Client Create/Maintain Matter Create/Maintain Billing Rates Maintain Client/Matter Billing Rates Create Timekeeper Time recording WIP Soft cost recording Vendor invoice (hard cost) recording WIP editor transfer WIP between matters (including split) write down/off hours edit narrative, task codes/activity codes, work location consolidate time entries for same timekeeper, same matter, same workdate WIP report Create Draft Bill BILLING standard, flat fee, fixed fee, task-based (group apply discounts/fee mark ups Edit/Adjust Draft Bill (BRE) write down hard/soft costs and time postpone WIP edit narrative Standard draft bill template Approve Draft Bill Create Final Bill Standard final bill template ebilling Create Credit Note Display AR document AR & COLLECTIONS Incoming payments (flex receipts) Multiple partial payments Payment allocations/adjustment (normalization) AR reports Customer open balances AR aging Account statement Enter Vendor Invoice ACCOUNTS PAYABLE Pay Vendor Invoice/Expense Claim

6 Pro Billing Features A comprehensive, extensible, and customizable solu@on with legal specific requirements Reduces process and system complexity Fulfills client specific billing requirements, allowing you to improve client service Provides required transparency in management repor@ng Tailored to needs of mul@ple user roles (e.g. AAorneys, Billing Coordinators, Client/MaAer intake, Fee/rate sewng, and AR clerks) Replacement of outdated, inflexible legacy systems Standardized global business processes Improved workflow capabili@es Single instance for one version of truth Qualified SAP Rapid Deployment Solu@on, providing a fixed- scope, and fixed- cost solu@on

7 What Is an SAP Rapid Deployment Solution? Built with SAP, the industry leader in integrated so\ware Preconfigured using SAP standard and standard processes, no custom coding to drive complexity Fixed scope, fixed cost maximum predictability, lower risk Proven business value through best accelerators, and tools Usage of Tools Manager according to the defined BoM assets Content Use of SAP templates Fulcrum s Pro Billing RDS is tailored to the legal industry

8 Shorter time to value through Best Practices (% time and effort) Traditional project Preparation Business Blueprint Realization Testing Go-live Savings up to... 95% 50% 30% Rapid Deployment Solution Discover Start Deploy Run At least 40% less Ame and effort compared with the similar scope of a tradiaonal project Blueprint up to 95% savings Fixed scope Business Blueprint ready to validate Best Practices processes modeled and described Realization up to 50% savings Best Practices processes configured and documented Delivery through transports and business configuration (BC) sets Operational support documents available Testing up to 30% savings Test case templates supplied Operations support templates available

9 Fulcrum s Rapid Deployment Solution (RDS) for Legal SAP QUALIFIED RAPID DEPLOYMENT SOLUTION Demo Client Management Create Client Edit Client Display Client Demo MaRer Management Maintain MaAer Timekeeper Management Create Timekeeper Time & Expense Management Time Entry Create So\ Cost Enter Hard Cost WIP Management WIP Editor Billing Create Billing Request Billing Request Editor Approve Billing Request Create Final Bill Print Final Bill Accounts Receivable Receive Client Payments Automa@c Alloca@on (Timekeeper) Manual Alloca@on of Cash Receipts

10 Fulcrum s Rapid Deployment Solution (RDS) for Legal SAP QUALIFIED RAPID DEPLOYMENT SOLUTION About Fulcrum

11 Fulcrum Global Technologies Overview Premier management and technology company Headquartered in Chicago, Illinois, with a global plagorm Dedicated prac@ce for the Legal industry Legal prac@ce led by one of the top aaorneys in the country Deep experience in deployment of firmwide SAP solu@ons General Business go- to- market VAR partner in Professional Services industry SAP EESP Partner in Professional Services and Legal Industry 16 SAP RDS Solu@ons; 11 set for release by Sapphire 2014 (2 on Fiori); 20+ mobile apps in development; 11 already released to produc@on;

12 Why Fulcrum? Experienced professionals in industry and 20+ years average Breadth of services to provide value to all aspects of your Track record: Fortune 1000 clients Rapid deployment methodology = op@mized cost, Lean & agile project teams focused on achieving business benefits Reliability with strong project management and proven approaches

13 Fulcrum Service Offerings: Full Service IT Management Consulting Comprehensive IT Strategy Business Case Development Process So\ware Package of Enterprisewide SAP Accelerated SAP for Law Firms and Legal Departments Change Management & Training Post- Support

14 Fulcrum s Solutions for Law Firms and Legal Departments Billing and Financial Systems Business Intelligence Dashboards, Repor@ng, and Analy@cs Warehousing SAP HANA In- Memory Compu@ng Client Interac@on and Management Mobile Apps MaAer Management Business Planning and Financial Consolida@ons Human Capital Management Time Entry Governance, Risk, and Compliance

15 Fulcrum s Solutions for Law Firms and Legal Departments Mobile Time Entry Global SAP SoluAons Accelerated AnalyAcs MaRer BudgeAng ExecuAve AnalyAcs Time, Billing, Financials In- Memory AnalyAcs Customer InteracAon

16 Fulcrum Global Technologies 35 East Wacker Drive, Suite 700 Chicago, Illinois Phone: Fax: gt.com