By Doug Matthews, Chief Product Officer at Aderant and Josiah Chaves, General Manager, Business of Law Solutions at Aderant
Billing processes in law firms are often plagued by a lack of effective checkpoints, resulting in missed revenue and strained client relationships. Timekeepers and billing teams frequently fall into a cycle of non-compliant time entries, error-
riddled invoices, and failure to adhere to client-defined or outside counsel guidelines (OCGs). These issues can lead to significant financial losses or even the termination of client contracts.
With iTimekeep, BillBlast, and Onyx, firms are fully automating and unifying compliance across the client/matter relationship to convert work-to-cash faster. Powered by Aderant’s AI-driven virtual associate, MADDI, these solutions ensure seamless adherence to billing guidelines, reduce administrative burdens, and provide actionable insights to optimize billing processes, ultimately improving coordination, reducing costs, and maximizing compensation.
MADDI: The Invisible Force Driving Law Firm Success
Imagine having a powerful AI-virtual associate who is always there to ensure your firm's operations run smoothly. That's MADDI. MADDI works tirelessly behind the scenes, automating routine tasks and providing actionable insights to optimize complex activities that help law firms run a more profitable business.
iTimekeep: A Timekeeper's Best Friend
Leveraging MADDI, iTimekeep revolutionizes timekeeping for law firms by ensuring that time entries comply with client guidelines, significantly reduce bill rejections, and minimize client disputes.
With AI-enabled time reconstruction, iTimekeep automates and simplifies timekeeping tasks, allowing lawyers to save valuable time, accelerate productivity, and avoid missed revenue opportunities. Real-time notifications and behavioral prompts also help create accurate and compliant time entries, eliminating the need for constant back-and-forth with the billing team and increasing billable hours.
BillBlast: The Billing Cycle Accelerated and Simplified
BillBlast transforms the billing experience by seamlessly centralizing and simplifying the entire billing process, ensuring that invoices are both accurate and compliant with OCGs. MADDI automates matter reconciliation and deduction categorization, empowering billing teams to focus on more strategic tasks while handling routine, time-consuming aspects efficiently. The result is a hassle-free billing experience and a healthier bottom line for law firms.
Onyx: The Compliance Guardian
With Onyx, law firms are tackling some of their biggest challenges, including compliance, coordination, costs, and compensation. Pretrained on the largest body of client guidelines and time and billing rules, MADDI automates and ensures that every entry is compliant throughout the timekeeping, billing, and eBilling processes, reducing rejections and write-offs. Onyx is the only solution that delivers immediate results, reducing the time spent extracting, categorizing, and applying OCG terms, while continuously learning and adapting to meet your firm's unique needs.
A Revenue Driven AI-Powered Ecosystem
With MADDI as a driving force behind iTimekeep, BillBlast and Onyx, legal professionals can focus on what they do best—providing exceptional legal services—without worrying about the challenges associated with end-to-end compliance. This powerful unseen advantage not only streamlines and automates tasks while providing actionable insights. It is a key component of a supercharged ecosystem that helps law firms get paid faster.
To learn more about how Aderant is using AI to simplify end-to-end compliance and accelerate contract-to-cash at your firm, visit Aderant.com.
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