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 BUSINESS INTELLIGENCE - Partnership with Redwood Analytics
FMRC Legal has formed a partnership with Redwood Analytics, the leading provider of applied business intelligence applications to the legal industry. We will re-sell and implement Redwood Analytics' Business Intelligence Suite in Australia and New Zealand, as part of our legal management services.
About Redwood Analytics
Redwood Analytics develops business intelligence applications to help law firms access the information they need to make key business decisions regarding pricing, staffing, budgeting and forecasting. Its tools are designed with a focus on helping firms forecast profitability and shorten the budget planning cycle. Redwood's Business Intelligence suite is used by 25 percent of the U.S. AmLaw 200 and 4 out of the top 5 Canadian law firms. These firms rely on the applications to analyse, manage, and report upon firm performance.
More information www.redwoodanalytics.com/index.php?/home/
Business Intelligence Solutions
Redwood software enables legal and business staff to quickly turn data into actionable information without an ongoing need for custom programming and complex calculations, and can be applied to all areas of a law firm's business, with special modules dedicated to billing & collections, profitability, business development, budgeting, reporting, benchmarking, merger analytics and matter planning. The software is complemented with a full range of analytical and educational services, like Merger Analytics, Analytic Consulting and Training and Continuing Education.
Redwood Business Intelligence
Redwood BI combines an extensive data warehouse providing best-practice content derived from data drawn from standard time & billing, general ledger, payroll, collections management and other applications, with best-in-class corporate performance management (CPM) software, like our browser-based end-user interface that allows non-IT professionals to easily create production-quality reports in Microsoft Reporting Services. Built with the clients' needs in mind, Redwood's platform allows firms to customize the methodologies, data sources and output to best fit the firm's unique requirements. With a fresh understanding of the key drivers underlying business performance, firm management can make better decisions at both strategic and tactical levels. Redwood's team of analytic and development consultants maximize our clients' investments by translating their needs into deployed, process-changing, results-driven solutions.
More information www.redwoodanalytics.com/index.php?/products/redwood_business_intelligence/
Redwood Dashboard
Redwood Dashboard represents the critical hub for making the power of BI accessible to front-line attorneys. One component of Dashboard harnesses the business information most critical to attorneys, across multiple roles and time horizons, and offers them an intuitive platform that presents KPIs chosen by the firm as well as the rest of their book of business in the context of the firm's business goals. For attorneys with management responsibility, another area of the dashboard permits these attorneys to monitor and manage the performance of practices, offices or other groups of timekeepers. The planning capability in Dashboard allows an attorney to use the firm's profitability framework to look at alternative choices in the staffing and pricing of new matters as well as the consequences of re-staffing and re-pricing existing matters. Each attorney can make decisions affecting future performance based upon historic data. Each aspect of Dashboard is built upon and integrated with Redwood's data warehouse, combining financial and marketing information to provide attorneys with a true, holistic view of firm performance.
More information www.redwoodanalytics.com/index.php?/products/redwood_dashboard/
Demonstration and more information
Redwood stands behind our claims before clients invest time and money. Redwood's free Proof of Concept illustrates the unparalleled depth of content we offer in the context of a firm's own data and business priorities. We extract real data to deliver a confidential, multiyear analysis of a firm's historic performance that demonstrates the power of Redwood's analytic tools.
Sales Information
Sam Coupland, FMRC Legal
Phone: 02 9262 3377
Mobile: 0402 024 120
Email: samcoupland@fmrclegal.com
Press Release
Law Firm Performance - Where to find the edge |
