IRIDIUM BI

Product Family

We built Iridium BI because we can clearly see that law firms deserve better BI than they are currently getting: better cubes, better dashboards, better value, and better service.

Iridium BI provides law firms with their choice of high performance cubes and dashboards. All content can be customized based on the firm’s business requirements. Our dashboards are built on the powerful concept that there should be a goal for every value that is displayed. For every component of Iridium BI, we have thrown out the traditional architectures and approaches and built revolutionary new components that provide phenomenal performance and capabilities.

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Iridium Product Offering

GL + Expense Module

Features
  • The Iridium BI GL module provides a complete BI solution for analysis and reporting on general ledger and AP sub-ledger data, including drill-through to the journal entries.
  • Role-based dashboards summarizing firm performance and financial position
  • Complete set of financial reports such as Balance Sheet, Income Statement, and Trial Balance
  • Fully configurable to match firm requirements for financial analysis and reporting
Benefits
  • Firm management is fully informed on financial performance with both graphical and numeric data representations
  • Ability to create ad-hoc financial statements and queries using Microsoft Excel
  • Tighter management of firm expenses, resulting in reduced spending and improved cost control

Revenue Module

Features
  • The Iridium BI Revenue module provides a robust, cube-based BI foundation to deliver high performance dashboards for your Aderant®, Elite Enterprise®, and Elite 3E® data.
  • High performance revenue cube with 200+ measures covering billable hours/dollars, disbursements, invoices, collections, write-offs, etc.
  • Complete set of role-based dashboards
  • Cube and dashboards are fully customizable based on firm requirements (all Iridium BI modules)
  • Cube and dashboards are extensible: we can seamlessly merge data from external systems
  • Excellent query performance – even on the most challenging slices such as aged WIP/AR and participating partner credits
  • Extensibility and customization capabilities provide a complete BI ecosystem for reporting on firm performance
Benefits
  • All firm timekeepers empowered to manage their own performance via powerful and informative dashboards
  • Dashboards drive culture of performance and accountability, resulting in higher billable hours, faster billing, and faster collections
  • Role-based dashboards provide targeted information delivery for management team, partners, and working attorneys
  • Finance staff has high performance cubes for ad-hoc analysis, enabling faster response to partner queries

Profit Module

Features
  • Complete cube-based profitability reporting and financial analysis solution that has been designed specifically for legal and professional services firms
  • Provides analysis by all firm “components”: Office, Department, Client, Matter, Responsible Partner, Working Attorney, etc.
  • High performance, full-featured Profit cube
  • Supports both cash and accrual based profit reporting and analysis
  • Complete set of role-based Profit dashboards
  • No limits on loading data from external sources
  • No limits on allocations
  • Excellent query performance – even on the most challenging slices such as WIP/AR aging and participating partner credits
  • Cube and dashboards are fully customizable based on firm requirements (all Iridium BI modules)
Benefits
  • Drive increased profitability through better reporting and analysis capabilities
  • Improve firm and partner performance by encouraging high profit behaviors
  • Improve firm pricing based on feedback from profitability reporting
  • Identify clients and matters where pricing changes are required
  • Identify high performing and low performing departments, partners, working attorneys, etc.
  • Provides reports and tools for firm managers to track and improve firm profitability

Matter Module

Features
  • A complete cube-based matter budgeting and pricing solution to allow partners and pricing analysts to create and approve matter plans, and then monitor actual performance versus plan as the matter is being worked.
  • Powerful inquiry tool to search existing matters for use as templates for creation of new matter plans
  • Intuitive browser-based matter plan editor for creation of detailed matter plans, including phases and tasks
  • Role-based matter tracking dashboards keep partners informed of matter performance versus planned outcome
  • Integrated profitability calculations result in plans that meet or exceed firm profitability targets
  • Variance Analysis: Compare the actual results on matters back to the plans, creating a feedback loop that improves the accuracy of future matter plans
  • (Version 2.0) Resource planning: Track and identify available resources based on their skill sets and experience
Benefits
  • Ability to quickly create accurate matter plans and proposals improves client service and helps to win more business
  • Alerts quickly identify matters that are deviating from plan – enabling partners to take corrective action and protecting firm profitability
  • Power users are provided with a complete toolset to create ad-hoc queries and reports on matter plans and projected matter outcomes

We’ll Beat Your Existing BI Solution

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