To meet market demand, the latest release is hosted in BigHand’s secure cloud to provide users with access to the best-in-class features coupled with automatic back-end upgrades. IT teams save costs by not having to purchase and host their data servers and save valuable time to focus on other key projects.
BigHand Business Intelligence offers role-based reporting that delivers the right financial data to the right person via intuitive dashboards to help users improve cash flow and profitability. The flexible data warehouse replaces manual reporting with data visibility from firm level to individual clients and matters. This data helps law firms gauge their financial and individual performance within a single source of truth.
With cloud capability, BigHand Business Intelligence now has an all-in-one module. The fully configurable modules can surface real-time data on revenue, profitability, general ledger and expense directly from the firm’s PMS and other 3rd party solutions. Law firms also get answers faster with updated query speeds and data processing. Plus, BigHand handles all server hosting and maintenance tasks.
Rob Stote, Chief Product Officer, commented, “We’re thrilled to be able to offer our clients all the benefits of our market-leading BI solution, with the added security and quicker access to new features and updates that come with the cloud. We know from our latest law firm finance report that 59% confirmed an increase in write-offs over the last year, and that quick and easy access to key, personalized financial metrics is paramount to optimizing profitability in today’s challenging economic environment. BigHand BI Cloud gives precious time back to our clients to focus on driving profitability in 2024.”
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