BigHand has announced the latest developments to its market-leading financial BI tool for law firms.

BigHand Business Intelligence is an advanced financial BI solution for law firms with role-based reporting that delivers the right financial data to the right person in real-time intuitive dashboards.

The flexible data warehouse replaces manual reporting with real-time data visibility, and self-service analytics provide controlled access to relevant metrics in any visualization tool of choice. The solution empowers users to improve cash flow and profitability with immediate financial insight.

In line with market demand and client feedback, BigHand has made significant developments to its Business Intelligence self-service tool, which provides power users within the firm with a quick and easy way to visualize relevant financial data from within the PMS using any tool of choice.

The developments include added interim billing logic and split timekeeper allocation at a client or matter level, to surface detailed data analysis on long running legal matters.  

Other recent improvements to the legal BI solution include a UI refresh, usability enhancements and architecture optimization, all designed to reduce implementation time and aid user adoption, ensuring fast return on investment for law firms.

Next up for BigHand BI is a new client and matter enquiry dashboard that provides key KPIs and data detail for a chosen client group, client, matter group or matter. The dashboard builds on the existing reach of the solution by combining both legal revenue analysis and profitability data points as well as including team information for a richer snapshot of the overall value of a client or matter to the firm.

Rob Stote, Managing Director for BigHand’s Financial Productivity solutions commented, “We’ve received a surge of enquiries in the last year from firms needing simple and robust technology to surface key financial data – a trend we anticipated when our market research revealed a severe lack of financial visibility in law firms globally.”

“We’re excited to release the latest version of the legal BI tool and for our clients to reap the benefits of being able to quickly and easily access financial analysis relevant to their specific role. We’ve invested in our development resource internally to meet client demand for new features and functionality, and the latest developments mean we are now able to get previously unobtainable data rolled out to law firms in a matter of days.”