Law Firms Now Able to Strategically Monitor and Forecast Profitability

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Legal software company Aderant enables law firms to simplify budgeting

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We’ve designed Expert BudgetWise to not only speed up the budget creation process, but also help firms set realistic expectations for revenue and expenses, as well as monitor actual performance and forecast for the future.

Aderant, the world’s largest independent legal software company, announced this week the release of the new Aderant Expert BudgetWise™ module. Expert BudgetWise provides firms with a unified approach to the budgeting process, allowing for full employee-level budgeting and the re-use of available reference data, which expedites budget creation and facilitates collaboration within the budgeting process. The application’s wizards and workflow features simplify the creation, distribution and upkeep of budgets, streamlining the process and ensuring accurate data.

This new release of Expert BudgetWise retains all the budgeting processes from Aderant’s previous budgeting module, while being completely rewritten to deliver a more streamlined product that incorporates many new features and significantly simplifies budget creation. Built within the Aderant expert database, the new application removes any integration requirement and delivers real-time reporting capabilities. Other key features include:

  • Synchronization between employee budgets and general ledger budgets through mapping
  • Mass update feature allowing selected groups of employees to be updated “en masse”
  • Ability to enter budgets as an annual amount or by fiscal period
  • Forecast feature, which allows actuals to replace budgeted amounts up to the current month, and anticipates futures based on up-to-date actuals
  • Direct posting to the general ledger
  • Graphical visualizations illustrating revenue, expense and profit positions on a monthly and cumulative basis

“Budgeting is a core process for all firms, but requires a large time investment,” commented Chris Giglio, Aderant chief executive officer. “We’ve designed Expert BudgetWise to not only speed up the budget creation process, but also help firms set realistic expectations for revenue and expenses, as well as monitor actual performance and forecast for the future.”

The Aderant Expert financial and practice management system is a scalable, fully integrated business management solution built on Microsoft technology providing integrated front office and back office solutions. Aderant Expert includes time and billing, financial accounting, budgeting, performance management, business intelligence, client/matter management, business development and much more to maximize profits for law and professional services firms. Hundreds of mid-sized to large law firms worldwide use Aderant Expert to help them better serve their clients, manage their operations, and maximize their profitability. For more information, visit http://www.aderant.com.

About Aderant
Aderant, headquartered in Atlanta, is a global provider of comprehensive business management software for law and professional services firms. With a 35-year history as a global industry leader, Aderant supports 3,300 clients in more than 30 countries. Its clients represent 70 percent of the world’s largest firms and 86 percent of the Am Law 200 across all segments of the legal market. Among these clients, Aderant has maintained a combined customer retention rate of more than 95 percent. Aderant’s complete suite of solutions includes: business development, calendar/docket matter management with built-in court rules, client relationship management (CRM), practice and financial management, time and billing, case management, document management, and business intelligence. Aderant helps firms more effectively and profitably manage, grow, and protect their businesses. More information is available at http://www.aderant.com. Twitter: #Aderant @Aderant / LinkedIn: http://www.linkedin.com/company/aderant.

Aderant, Aderant Expert, the Aderant logo, Expert, and Redwood Analytics are trademarks of Aderant Holdings, Inc. Other brand and product names are trademarks or registered trademarks of their respective owners.

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Meg Hall
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