Having ready access to information on legal expenses – including those from outside counsel – is imperative when managing costs. Our new reporting enhancements provide single-click access to information that drives the effective management of cases, outside counsel, in-house personnel, department finances, and senior management expectations
Hartford, Conn. (PRWEB) January 30, 2006
Corporate law departments, claims organizations and law firms looking to gain greater visibility into their expenses and maintain more control over their case portfolios will be able to do so with the newest version of CT TyMetrix 360°. CT TyMetrix, a Wolters Kluwer business and the market leader in Web-based e-billing, matter management and performance metrics, today announced the release of CT TyMetrix 360° version 1.12.
This latest version of CT TyMetrix 360° includes a more flexible reporting functionality, which will help to identify spending trends and, in turn, manage expenses. In addition, users will now be able to seamlessly integrate invoices with accounts payable and increase collaboration with outside counsel.
“Having ready access to information on legal expenses – including those from outside counsel – is imperative when managing costs. Our new reporting enhancements provide single-click access to information that drives the effective management of cases, outside counsel, in-house personnel, department finances, and senior management expectations,” said John Weber, general manager, CT TyMetrix. “Also, law firm invoices sent directly to a client’s accounts payable department, in a format that can be imported into their accounts payable system, eases the administrative burden of invoicing and speeds payment to the law firms.”
Users will find a host of enhancements and increased functionality in CT TyMetrix 360º that will allow:
•More in-depth cost analysis: Enhanced report writing and publishing functionality gives users ease of access to information on outside counsel expenses. Greater ad hoc report writing functionality, intuitive filters and multiple drill path support allow users to generate reports by multiple data segments, including those that match their organizational structure and line of business divisions. Users can pull reports as a “snapshot” in time, or analyze activities for trends over time. Finally, new publishing features allow frequent users to create and post reports directly to the desktops of law department leaders.
•Streamlined integration with accounts payable: Aggregation of approved invoice information allows easy transfer to the client’s accounts payable system. This version of CT TyMetrix 360º includes a new payment processing scheduling wizard allowing users to specify any kind of schedule, from one-time to daily, weekly, and monthly recurring payments, complete with day-of-week options.
•Increased collaboration with outside counsel: A new tool allows users to set alerts for several matter and invoice-level events. This advanced notification tool provides an automated prompt to the “occasional user” or senior law department users that something requires their attention. Additionally, network administrators can now set default alert subscription settings and end-users can customize as desired. CT TyMetrix 360º now also includes the ability to grant security to law firms allowing them to create pending matters.
CT TyMetrix is unveiling CT TyMetrix 360° 1.12 at ALM’s LegalTech conference in New York City. Legal LegalTech takes place from Jan. 30 – Feb. 1st 2006 at the Hilton New York Hotel.
About CT TyMetrix
CT TyMetrix, a Wolters Kluwer business, is the market leader in Web-based management solutions for corporate law departments and claims organizations. It provides Web-based systems for electronic invoicing, performance management metrics, matter management, budgeting and forecasting, document management, and collaborative knowledge management. CT TyMetrix operations are headquartered in Hartford, Conn., with a satellite office in Chicago and staff across the country. CT TyMetrix is part of CT’s Litigation Solutions business unit. For more information, please visit http://www.cttymetrix.com
CT, a Wolters Kluwer business, provides intelligent software and service solutions that empower legal professionals to more effectively manage dynamic information, speed workflows and make critical decisions. CT solutions are organized into four business units: Corporate Compliance & Governance, which focuses on core CT services and solutions for managing statutory representation, corporate transactions, and jurisdictional and securities compliance; UCC Solutions, which offers UCC products and services for corporate due diligence, secured lending, bankruptcy, and real estate, among other areas; Litigation Solutions, which provides matter management and e-billing applications, litigation support software, and eDiscovery services; and Trademark Solutions, which includes innovative trademark research offerings from Corsearch. CT is based in New York City. For more information, please visit http://www.ctlegalsolutions.com.
About Wolters Kluwer
Wolters Kluwer is a leading multinational publisher and information services company. The company's core markets are spread across the health, corporate services, financial services, tax, accounting, law, regulatory and education sectors. Wolters Kluwer has annual revenues (2004) of €3.3 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
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