February 06, 2014
eBillingHub Launches Robust Benchmarking and Analytics Tool to Measure Law Firm Performance
LOS ANGELES – eBillingHub, the pioneer and leader in e-billing with proven solutions that help law firms quickly and effectively respond to client demand for electronic invoicing, has launched an innovative enhancement that delivers critical performance indicators to its administrator users. Free of charge, the benchmarking and analytics enhancement shows firms how their billing processes measure up to other firms, making it easy to identify where efficiencies and accuracies can be gained.
Powered by Peer Monitor, the leading digital benchmarking program for the legal industry, this eBillingHub tool provides more insight into billing performance than ever before. Firm administrators can see the overall performance of their firm, individual lawyers, and individual billers, indicating who has the most efficient practices and where efforts can be improved. It also allows firms to benchmark their rejection rates and their billing maximization for a specific client, giving them the critical data they need to ensure they are not leaving money on the table.
“The eBillingHub benchmarking and analytics tool provides greater insight into performance than ever before, arming law firms with the data and the deeper perspective they need to gauge billing efficiency,” said Carlos Seoane, general manager of eBillingHub. “Because this enhancement is automatically part of the standard eBillingHub subscription, it will help our customers maximize their profits by understanding the actions that can be taken to build on specific strengths and eliminate weaknesses.”
A white paper on “Electronic Billing in the Legal Space; Industry Trends & Tips for Law Firms” can be downloaded here.
eBillingHub delivers solutions to hundreds of clients including more than half of the Am Law 200 firms, as well as medium and large firms in North America, Europe and Asia. eBillingHub is a strong supporter of key industry standards as a member of the LEDES Oversight Committee and ILTA. eBillingHub, part of the Thomson Reuters Elite family of innovative solutions for professional services firms, provides a comprehensive and collaborative approach for preparing, tracking, submitting and managing the e-billing process. For more information on Thomson Reuters Elite, a division within the Legal business of Thomson Reuters, visit Thomson Reuters Elite.
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