Why using reporting and business intelligence tools to analyse performance is important
Utilising reports in Access Legal Case Management provides a data-driven approach to decision-making, yielding insights that drive operational efficiency and financial success.
These reports enable you to pinpoint lucrative practice areas, allocate resources effectively, and fine-tune pricing structures. By leveraging these insights, you can enhance your overall financial health, foster transparency and accountability, and strategically expand in directions that align with your highest profit contributors.
Regular analysis of these reports optimises current profitability and informs future strategies to create a cycle of continuous improvement and growth.
What you can do to utilise reporting and business intelligence tools to analyse performance
Access Legal Case Management offers an extensive array of pre-existing reports to encompass various aspects of the firm, with a significant portion in the Accounts system. A report suitable for the required management information may be already available.
If your management reporting needs aren't met, utilise the ad hoc report tool to craft customised reports. This can involve duplicating existing reports or constructing entirely new ones. If a data field exists within Access Legal Case Management, it is actionable for reporting purposes.
Access Legal Case Management provides a central area where you can see group or individual performance KPIs covering chargeable/billed time, opened/closed matters and aged debtors at a glance.
Matter management in Access Legal Case Management gives you clear visibility of client money, unpaid bills, WIP balances and WIP limits across all your matters. This gives your fee earners fast and easy access to up-to-date financial information on matters to track spending, safeguard client money, simplify billing, control WIP (work-in-progress), and manage profit and loss.
How to utilise reporting and business intelligence tools to analyse performance
Access our resources for guidance on how to use reporting and business intelligence tools to analyse performance: