Legal Accounting Software
Redbrick Business Intelligence moves beyond the traditional legal accounting software used by cashiers today by delivering customisable, easy to understand, business critical analysis to key members of staff and management by providing an up to the minute view on profitability and productivity across the whole business or targeted sections of the business in the most efficient and comprehensive way possible.
Redbrick Business Intelligence covers the full spectrum of financial management requirements including:
- Client and Business Accounting
- Billing and Productivity Management
- Financial and Analytical Reporting
Redbrick Business Intelligence will revolutionise the way law firm managers run their business. Never before have key decision makers had access to the level of analytical financial information we are now able to provide at the click of a button. Now the law firm can see exactly which areas are their most profitable, ensure fee earners are billing correctly and identify business critical issues immediately. Fee earners profitability will increase because Redbrick Business Intelligence will automatically ensure they are passing on all disbursements, time costs for copying, emails and telephone calls and will not allow them to run a client file in an unprofitable manner. The cashier will benefit from Redbrick Business Intelligence’s many automated functions, saving them time and allowing them to focus on more important issues. A truly powerful legal accounting software for all managers.
Redbrick Business Intelligence can be used as a stand alone financial analysis tool for back office staff and business managers or can be integrated with Redbrick Solutions front office solution Redbrick Practice Management for further time and cost savings, removing the need for duplication and potentially costly errors. See below for more features and benefits of our legal accounting software.
|Real time integration with Redbrick Practice Management – our Lexcel compliant case management solution||Fees and file notes pass through automatically eliminating duplication and minimising risk of errors. All transactions are recorded giving you a complete and accurate history on any file|
|Instant access to comprehensive transaction history||Reflects not only a history of financial transactions, but a comprehensive history of all activities on a matter e.g. File notes, pending disbursements, unbilled fees|
|Integrated requisitions for money in (receipts) and out (payments)||Requisitions reach the cashier electronically, minimising the need for printing. A note is made on the file when a requisition is requested for record purposes|
|Separate Client and Office Accounting||Business Intelligence offers all the necessary controls with regards to the strict handling of Client money.|
|Manual or System Bank Reconciliation with amount, narration, date and reference filters. Bank Reconciliations can be saved or processed on a daily basis||A very easy user friendly manual bank recon process. Users can also use a system recon, whereby you export your bank statement from the internet and import it into BI which will automatically match items making reconciliations a breeze. The cashier no longer needs to spend hours reconciling banks at month end|
|Totally integrated flexible fees and billing management (on-demand invoices/pro forma accounts or system generated invoices and statements)||Allows each department to bill and invoice clients according to their own specific requirements.|
|Electronic invoices and client statements that could be emailed or printed||Save a considerable amount of time by recording fees as they happen. Provide your clients with up to date monthly bills and statements|
|Staff management with Activity reports||Entire practice can be managed with minimal effort with various productivity reports such as fee earner activity reports|
|Easy and accurate maintenance of Deposit accounts||Business Intelligence includes the functionality to easily record and maintain Deposit accounts. Comprehensive reports provide you with information such as bank account numbers and interest|
|Sophisticated Financial Management system; complete with over a 100 Ad-Hoc Reports; Stored Reports for intensive Month by Month Analysis and the ability to create your own custom reports to meet your requirements||Very powerful analytical tool. Now all your management and financial reports are available to you in at a click of a button, on a daily and monthly basis. You do not have to wait for year end to know the position of your business|
|Budget planning by branch and department||Easy allocation of cost centres within your business enabling you to make crucial financial decisions|
|Separate accounting periods, including 13th Period||Our 13th period allows you to capture your auditor journals in the correct period ensuring that your financial statements are always accurate|