Attorneys & eBilling: ALA 2014 Presentation

Download Attorneys & eBilling: ALA 2014 Presentation

Post on 26-Jun-2015

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Breakthrough technology is changing the way attorneys work, allowing for the accounting and finance departments to work directly with attorneys to ensure that billing guidelines are met.

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<ul><li> 1. Attorneys &amp; eBilling &amp; Ryan Ladisic In this session Breakthrough technology is changing the way attorneys work, allowing for the accounting and finance departments to work directly with attorneys to ensure that billing guidelines are met by John Kuntz </li></ul> <p> 2. Can they Work together? 3. 3 The answer is NO 4. 4 TIME ENTRY IS TOTALLY DISCONNECTED FROM BILLING RULES. 5. 5 The problem negative Attorneys disconnected from the process will cause: Finance to correct time entered by the attorneys + deal with rejections + corrections + resubmission cycles ATTORNEYS ENTER TIME THAT MIGHT NOT BE IN COMPLIANCE WITH THE CLIENTS GUIDELINES 6. 6 What is costing your firm? 44% 25% 3% Rejected or Reduced Invoices Delayed Collections Write Offs 7. Can we bridge the gap? 1 8. 8 WHEN BAD NEWS EARLY IS GOOD NEWS 9. 9 Can we validate attorneys timecards real-time? 900px x 1080px 10. 10 What it means to your firm? Educate attorneys Reduce resubmissions Reduce man hours Faster billing cycles 11. 11 REAL TIME COMPLIANCE rule no. 1 Help your attorneys, help your law firm Ability to comply in real-time with the clients billing guidelines at the moment timecards are recorded 12. 12 Misconceptions A Attorneys are not tech savvy B Attorneys will never do this C This is accountings Responsibility D We always did it this way 13. 13 Current process Send bills to client Client Approval Invoices Rejected to be Fixed Time Entry Legal Assistant enters time Rejection Invoices Rejected by client Billing Accounting creates and fixes invoices 14. 1414 TIMECARD VALIDATION At the moment of the time entry timecards can be validated against client billing rules Real time compliance goes Mobile 15. 15 How it works Billing Invoices that already comply Time entry Timecards are Validated real-time Client Payment Client accepts invoices &amp; processes payment 16. 16 See it in action Brief demo of iTimeKeep &amp; eBillingHub 900px x 1080px </p>