Advanced Reporting and Analytics for Law Firms
Frontline Revenue Cycle Management relies on proprietary software to provide data needed for analyzing and optimizing your Firm’s A/R performance. We make use of two crucial technologies: iRIS Business Intelligence and our Baseline Assessment Review. The goal of these two platforms is to provide you with a market evaluation of your firm’s current performance and identify opportunities for increasing revenue realization
is Frontline Managed Services’ proprietary software used to analyze a firm’s performance. We use the insights gained from this assessment to begin identifying opportunities for increased revenue realization.
Once engaged, Frontline Managed Services continues to provide value by collecting data at the granular level and using those findings to regularly develop actionable strategies to improve a firm’s revenue performance.
iRIS Legal Business Intelligence Software is a comprehensive reporting and analytics solution built specifically for the legal industry, powered by the SAP/Business Objects platform.
Developed by Frontline, iRIS leverages deep legal industry expertise to help law firms understand their firm’s billing and collection history.
Used by 100’s of law firms and fully compatible with most law firm accounting systems firms report an increase in revenue realization by understanding which clients have the best propensity for payment.
Frontline Revenue Cycle Management relies on proprietary software to provide data needed for analyzing and optimizing your Firm’s A/R performance. We make use of two crucial technologies: iRIS Business Intelligence and our Baseline Assessment Review. The goal of these two platforms is to provide you with a market evaluation of your firm’s current performance and identify opportunities for increasing revenue realization
Using our Baseline Assessment Tool (BAR) We will analyze firm performance based on multiple sources of data
Frontline Managed Services Baseline Assessment Review is an analysis of your Firm’s Billing
Realization and Collection Realization performance over the last 24 months.
Allows a professional and objective analysis of realization rates compared to firms of similar size, scope, and practice mix; and against the Firm’s own revenue potential.
Quantifies the Firm’s at-risk amounts and opportunity for increased profitability based on current levels of revenue billed (24 months of data generally corrects for outlier months, large payments or settlements, significant write offs, etc.).
Provides a forum to discuss Firm’s efforts to improve profitability and operational effectiveness apart from adhoc conversations on particular clients, partners, etc. Serves as a benchmark against which to measure future performance and ROI.