BigHand Business Intelligence awarded best overall legal analytics solution of 2024

Business Intelligence Legal BI software with role-based reporting and dashboards

Overview

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 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. 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.

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The Big Benefits

  • Surface key financial & operational metrics from your various business systems 
  • View data as a single source of truth for the law firm’s performance and profitability  
  • Empower users to get the answers they need in an instant 
  • Provide actionable data to those who need it 
  • Enable no-code ad hoc reporting for firms with limited resources

Law firms just like yours are benefiting from BigHand Business Intelligence

How can BigHand Business Intelligence help me?

Choose a department to see the benefits:

Make informed decisions backed by data.  Gain instant access to financial data from firm-wide to matter partner, client partner and practice group. From the value of billable time and fees billed / collected, to the exposure of your aged work-in-progress and debtors. 

Spend less time creating reports, and more time informing strategy. Get instant access to KPIs like Fees, Time, Collections and Profitability, that can be drilled into right down to individual matter invoices, so you can dedicate more time to building commercial awareness in your firm.

Access key financial data in real-time to make informed business decisions to drive firm-wide improvements that future proof your law firm and improve client relationships.

Drive business strategy by providing ‘one version of the truth’ data. Leverage the vast amount of information stored in your business systems with seamless integration to your legal PMS and other reporting systems.

Give your lawyers the ability to do their own financial analysis with controlled access to relevant data. Key client and matter-based data points provide targeted insight into the overall client relationship.

Key Features

Customisable Dashboards and Reports

Fully automated reporting on financial performance of the law firm, right down to the individual level. Drill down into financial KPIs like fees, time, collections and profitability and GL.

Modules and Warehouse Data Storage

Provides both traditional data storage and more advanced analytical capabilities. 

Advanced Modules

Choose from independent modules: Profit, GL, Expense, Revenue. Read more about each module below.

Practice Management Plug and Play

Pre-built connectors allow for standard and rapid deployment against law firm financial systems.

Role-Based Views / Access

Firm, Partner, Practice Group, Individual views and more provide key information relevant to the user’s role. Build a culture of commercial awareness by showing users exactly what they need to see, and no more.

Intuitive Interface

No proprietary code allows the firm to leverage existing Microsoft technical expertise. Easy to use with minimal training requirements and backed by 24 hour support.

Self-Service Analytics

View in any visualisation tool of choice, including PowerBI.

Business Development Module

Overview

Empower your lawyers, finance and BD teams to easily monitor client health and collaborate to win more business from your existing clients, without compromising billable hours targets.

Profit Module

Overview

We consider the Profit module to be the “crown jewel” of our complete BI suite for law firms. It is tightly integrated with the other modules, giving firms a complete view of profitability as part of the overall firm performance.

GL Module

Overview

The GL module provides a robust foundation for our complete BI solution to analyze and report on general ledger data. The entire set of GL data is available, including drill-through to journal entries. The GL module is tightly integrated with the other BI modules, providing users with a comfortable and familiar analysis experience.

Expense Module

Overview

  • Ability to monitor vendor expenses and identify trends where vendor expenses are either increasing or decreasing
  • Reporting and analysis of AP by vendor, including aging buckets. Breakdown of vendor expense is also available by Invoice
  • Vendor expense can be viewed based on business units: Total Firm, Office, Department or Team
  • Fast queries and fast dashboards - the vast majority of queries render in one second, and dashboards that contain multiple queries render in four seconds or less
  • Ability to classify vendors by Vendor Type for analysis and reporting

The Iridium BI Expense module allows firms to track and analyze their vendors spend, a critical component to support your firm’s expense control initiatives.

Revenue Module

Overview

The BI Revenue module provides clear insights into your firm’s financials, providing lawyer friendly dashboards to everyone within the firm. The module supplies over 300 measures including billable hours, billable value, bills, collections, disbursements, and WIP/AR.

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