Global News
Prosperoware, a leading enterprise software company delivering innovative technology transforming the business of legal and professional services, today announces the newest version of Umbria BI with unmatched configurability and a new, firm-driven, drag and drop dashboard that enables the secure creation of innumerable, custom visualizations.
Umbria BI completes the vision of Better BI and is the core module of the industry’s only client value management platform, Umbria. As the core module of Umbria, the new release of Umbria BI allows firms to use visual layout tools and widgets that leverage data from Umbria’s in-memory cube and warehouse, plus other databases, cubes and websites to create secure dashboards that flex to serve all a firm’s constituents from a single source of truth.
Prosperoware will exhibit and demonstrate Umbria BI at booth #401/403 at ILTACON, August 19-23rd in National Harbor, MD, and is providing an invitation-only Lunch & Learn, “Introducing: Better BI” on Wednesday, August 22nd 12:30pm.
Better BI is the combination of data strategy, workflow to capture it, legal-specific schema to make it actionable, and powerful reporting. The complete Umbria platform, which now includes Umbria BI as its core module, also includes the innovative Umbria Price Budget & Monitor (PBM), BD & Experience, and Profit & Compensation. These modules deliver the complete Better BI capabilities so firms can more effectively price, pitch, staff, deliver on price, strategize their cases, compensate, and plan growth from the same data. Umbria does not just provide this data through a secure, web-based dashboard, but through a multitude of outputs including, PowerPoint, Excel, and in the body of emails.
Umbria BD & Experience provides for a complete workflow to capture critical pipeline data, matter, client, personal experience, and provides an alerting system that prompts data capture through the life of a matter. Without Umbria BD & Experience, this critical data needs to be otherwise manually captured.
Umbria PBM allows firms to profitably manage matters across all types of unique arrangements (e.g. hourly with fixed fee). As the critical data regarding unique client and matter arrangements (such as special rates, bottom of the bill discounts, outside counsel guidelines, AFAs and unofficial fee caps) is usually found in biller’s notes, the Arrangements module in Umbria PBM make this data actionable and provides higher quality analytics. Partners will not be bothered to bill work-in-process fees associated with a pay-on-close matter, or use a calculator to adjust their work-in-process for bottom the bill discounts. Umbria PBM allows firms to manage matters with different types of arrangements (e.g. hourly with fixed fee).
The Umbria Profitability & Compensation module enables firm to build multiple cost models for different purposes, including pricing and matter-monitoring, compensation, and firm and practice group management - all through a simple user interface.
With Umbria BI’s new functionality, firm management, Finance, Pricing, and BD teams can analyze and build ad-hoc dashboard and reports to examine trends, top/bottom performance, growth potential, flight risk attorneys, and more, resulting in greater insight and more informed decision-making.
Some of Umbria BI’s key features include:
Real-time, flexible reporting secured to specifically-authorized users:
CEO, Keith Lipman, states: “The new dashboard capabilities of Umbria empower customers to deploy as a critical system to deliver value across the firm. Firms are no longer impeded by the limitations of their existing systems.”
Prosperoware is an enterprise software company providing solutions for law firms, corporate legal departments, and professional services firms. Our customers include nearly half of the G20 and Am Law 100 firms as well as large global corporations and Big Four accounting firms. Our innovative software transforms how professionals work and enables firms to deliver more value to clients while protecting profitability. We empower firms to reduce costs, improve profitability, and better compete by:
- Simplifying iManage administration and improving user adoption of electronic files
- Enforcing and automating information governance with a focus on security and risk management
- Improving relationships with clients by delivering predictable fees and beneficial insight into the work performed
- Empowering professionals to leverage modern profitability metrics, which drive truly informed budgeting and pricing decisions
Our teams work primarily from offices in London, Chicago, and Philadelphia. Our more than 255 customers range in size from small firms with just a handful of users to those with more than 14,000. Prosperoware customers include: Akin Gump, Goodwin Procter, Baker Botts, Hill Dickinson, Berwin Leighton Paisner, DLA Piper, Duane Morris, Hughes Hubbard & Reed, Sheppard Mullin, Comcast, and NBCUniversal.
Copyright © 2023 Legal IT Professionals. All Rights Reserved.
We offer organizers of legal IT seminars, events and conferences a unique marketing and promotion opportunity. Legal IT Professionals has been selected official media partner for many events.
