Integrated Electronic Billing and Collections Platforms Increase Firm Efficiency
LOS ANGELES, Dec. 13, 2012 – eBillingHub today announced a partnership with Innovation Software, a specialist in collection management software for legal and professional service firms. The integration of the two systems will deliver an unified and cost-effective billing and collections solution to joint law firm clients.
Innovation Software’s I4G 360° software now integrates with eBillingHub, a SaaS electronic billing solution that automates and streamlines the e-billing process in a single portal. By securely extracting invoice status information from eBillingHub and automatically populating it into I4G 360°, firms can simplify and accelerate collections while better managing client relationships by efficiently tracking and resolving unresponsive accounts, ultimately improving their bottom lines.
Over the past 10 years, UK-based Innovation Software has been the provider of revenue and collections management systems to 20 percent of the world’s leading law firms.
“Our partnership with eBillingHub will enhance the value of I4G 360° by further improving the firm collections process,” said Russell Lyons, CEO at Innovation Software. “Through integration with eBillingHub, invoice status information is made available to I4G 360° users in real time.”
“eBillingHub was designed to deliver on the promise of e-billing—simplifying the billing process,” said Carlos Seoane, general manager of eBillingHub. “Our Invoice Status Web Service is an open integration tool in which data is centralized and made available for retrieval at a firm’s convenience. The ability to pull invoice data into I4G 360° through use of this tool allows for better and easier receivables management.”
eBillingHub, part of the Thomson Reuters Elite family of innovative solutions for professional services firms, provides a comprehensive and collaborative approach for preparing, tracking, submitting and managing the e-billing process. Unlike tools used by law firms to create LEDES invoice files, eBillingHub simplifies the e-billing process by integrating a law firm’s time and billing software with multiple e-billing vendors, which are often specified by a firm’s clients. By streamlining and reducing the complexity and administrative costs of the process, eBillingHub helps firms efficiently and effectively manage the e-billing process and ultimately improve cash flow. eBillingHub is a platform-agonistic solution that integrates with any time and billing system. For more information, visit eBillingHub.
About Innovation Software
Since 2000, Innovation Software’s corporate mission has been simple: to provide the finest receivables collection, credit, query, risk, and work-in-progress management solutions available to help clients succeed in their missions. For more information, visit Innovation Software.
About Thomson Reuters Elite
Thomson Reuters Elite offers an end-to-end enterprise business management solution that allows law firms and professional services organizations to run all operational aspects of their firms including business development, risk management, client and matter management, and financial management. For over 60 years, we’ve demonstrated we understand the business and financial aspects of firm operations, with proven tools that streamline processes to increase visibility and workflow efficiency across the organization and provide the flexibility to change and grow your business. For more information, visit Elite.
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 60,000 people and operates in over 100 countries. For more information, go to Thomson Reuters.