Time and Billing

Effortless Transaction Processing
Efficient billing workflow combined with accurate tracking of time
and expense records are signs of a well-run firm. Great systems
should allow for effortless transaction processing, thereby ensuring
firms capitalize on every potential opportunity to maximize revenue.
Equally important is the ability to easily and accurately produce bills
and monitor the revenue they produce. Poor systems are cumbersome,
so managing time and expenses becomes difficult, billable monies are
missed, cost advances are not efficiently recovered, and profits are lost.
PerfectLaw® Time & Billing is a full-featured billing system which
offers an easy-to-use, intuitive interface, several automatic time
capturing features to ensure accurate tracking of daily activities, and the
ability to request and apply trust and retainer funds. The cash receipts
processor applies client payments at the timekeeper level, allowing for
accurate, comprehensive attorney productivity reporting. And, with the
added synergy only an All-in-One® system can provide, PerfectLaw®
Time & Billing automatically creates time entries for front office
workflow processes, profiles bills, allows users to work both on and
offline, and much more.
Functions
- Real-time stopwatch to track time on activities in progress
- Electronic billing that includes several industry standard formats
- Client and matter level billing
- Attach images of invoices and other supporting
documentation to client bills with Paperless Workflow®
- Task based and electronic billing
- Trust and retainer tracking and accounting
- Export bills in multiple formats
- Record and monitor retainer balances
- Report and analyze attorney productivity for work-in-process,
billing, and cash receipts
- Dimensional analysis of billings, receivables, and attorney
productivity
- Monitor and capture cost recovery for client-related expenditures
- Time values are automatically calculated during data entry and
editing
- Audit log of timeline changes recording who made what changes
when
- Transfer time and expenses from one matter to another in one
step
- Trust and prepaid/retainer tracking of funds applied to bills
- Apply and/or reallocate cash receipts by client, matter, or bill with
audit tracking
- Interface to popular cost capturing products such as Equitrac or
CopyTrac, to automatically recover copy, fax, phone, and postage
charges
Benefits
- Simple, efficient time keeping system for attorneys
- Powerful bill editing and processing design promotes maximum
productivity
- Attractive, easy to read bill formats result in fewer client questions
and faster payment
- Flexible drill-down report analysis options promote better
informed decisions
- Trust, retainer, and unapplied fund standards and regulations
ensures compliance with ethical practices
- Flexible billing allows for editing and reprinting as often as needed
before posting, minimizing the need for reverse billing