Why use legal billing software?
November 07, 2012
Legal billing technology
allows law firms to go far beyond the traditional tracking and invoicing approaches that are known to have significant shortcomings. Legal billing software
offers a range of significant benefits, including:Easier tracking
Firms that use spreadsheets—or, even worse, systems that involve paper records and filing cabinets—open themselves up to considerable confusion when it comes to breaking down how much time was spent attending to individual tasks and clients. Inaccurate or incomplete information pertaining to this may result in the generation of invoices that bill clients for too much or too little. Overbilling has immense potential for causing client dissatisfaction that could result in loss of business for firms, while under-billing presents two potential downfalls: Firms that do not realize they are underbilling essentially end up providing services for free, while those that do realize are put in the embarrassing and unprofessional position of having to recoup further fees from clients. Legal billing services
that incorporate solid tracking methods can help firms avoid these types of issues.Out-of-office updating
With legal billing software, professionals are no longer shackled to the office when it comes to recording how long they spend carrying out particular tasks or dealing with specific clients and cases. Rather, they can use time invoicing
solutions such as Sage Timeslips eCenter via their mobile devices to submit information from any remote location with an internet connection. This revolutionizes time and expense tracking by allowing lawyers to submit time records from practically anywhere, thereby facilitating faster billing.Automation
Although they are more sophisticated than basic pen-and-paper timesheets, spreadsheets still come with a substantial manual component. Coding can be tedious, and it's easy to make small mistakes that can quickly compromise the accuracy of entire bodies of data. In contrast, legal billing technology offers much more in the way of automation. This makes it easy to use and saves time for professionals.Improved access to data
Centralizing time and invoice data streamlines the tracking and billing process by allowing multiple professionals to access information simultaneously, even if they are in different locations. The ultimate goal is to expedite firms' cash flow, and legal billing software is well-positioned to do so.