Budgeting, Forecasting, and Reporting for Law firms is very different than other industries. Delbridge understands this as we are working with over 40 of the top AM LAW 100 firms! We have implemented budgeting and reporting solutions which help law firms spend less time on data entry and more time on data analysis to support strategic decision making. Our solutions allow offices to enter detailed expenses, WIP, A/R, and also calculate revenue by timekeeper. For international law firms, we have implemented budgeting solutions which allow offices to enter in local currencies while currency conversion allows reporting in firm currency.
Our Budgeting, Forecasting and Reporting solutions for the Legal Industry allow Finance departments to input:
Expenses by GL Account
Employee Compensation data and allow the solution to calculate expenses such as Benefits, Bonuses, Taxes based on drivers
Budget timekeeper revenue based on hours and rates
Capital expenses while allowing the solution to calculate depreciation based on various depreciation methods
View variance reports, WIP, and A/R