Thomson Reuters today announced that eBillingHub®, the leader in legal e-billing, recently reached an important milestone as it surpassed the 15 million invoice mark and half a trillion dollars processed to date. Averaging 10,000 e-bills per day, eBillingHub has processed three million invoices so far in 2016, accounting for 20% of its total volume since its launch. As the established leader in simplifying the e-billing process for law firms worldwide, eBillingHub has been delivering solutions to hundreds of law firms since 2004.
“We are immensely satisfied and excited by the continued success of eBillingHub, which is dramatically improving the billing efficiency of firms worldwide. The system is second to none, and having 15 million invoices and half a trillion dollars processed is the truest testament to its ability to deliver clear value to clients’ bottom lines,” said Elisabet Hardy, vice president of Product Management at Thomson Reuters Elite.
“We are committed to helping firms transform their e-billing processes by offering a simple and efficient solution that consistently reduces write-offs and improves cash flow. We’re delighted that eBillingHub is set to continue its superb track record in the years to come.”
eBillingHub provides a comprehensive tool for preparing, submitting, tracking, and managing electronic invoices and is proven to help firms improve their billing efficiency by an average of 218%, most considerably due to the ability to combine submissions to multiple clients and vendors into a single transaction. Optimized to catch invoice editing errors before they impact the bottom line, eBillingHub successfully helps clients reduce rejections by 66% and cuts write-offs in half. On average, law firms that use eBillingHub experience a 15-day reduction in payment cycles.
eBillingHub delivers solutions to hundreds of clients, including more than 70% of the Am Law 200 firms, as well as firms of all size in North America, Europe, and Asia Pacific. eBillingHub is a strong supporter of key industry standards as a member of the LEDES Oversight Committee and ILTA. eBillingHub, part of the Thomson Reuters family of innovative solutions for professional services firms, provides a comprehensive and collaborative approach for preparing, submitting, tracking, and managing electronic invoices. For more information, visit eBillingHub.