Oddr Announces “Invoice-to-Cash: A Buyer’s Guide for Billing, Collections and Finance Professionals in Law Firms”

Global News

29
Jan
2025

Editor

Oddr, the legal industry’s first and only invoice-to-cash platform, has announced the release of “Invoice-to-Cash: A Buyer’s Guide for Billing, Collections and Finance Professionals in Law Firms.” The guide helps buyers understand the value of invoice-to-cash, where invoice-to-cash sits in comparison to single-point or platforms marketed as unified solutions available on the market, and delivers a comprehensive rubric that can be applied to increase transparency and informed decision-making.

Law firms can download the complimentary guide and rubric on the Oddr website for a limited time here.

The legal industry faces mounting pressure to modernize billing and collections workflows as extended collection cycles, fragmented systems, and manual processes create costly inefficiencies and delayed cash flow. Heading into 2025, law firms are challenged by rising operational costs, client demands for transparency, and platforms that lack true end-to-end integration, leaving them to struggle with errors and limited visibility into financial workflows.

Oddr’s “Invoice-to-Cash: A Buyer’s Guide for Billing, Collections and Finance Professionals in Law Firms” addresses these challenges head-on by offering a structured rubric for evaluating billing and collections technologies. The guide outlines the unique advantages of a true invoice-to-cash platform, including automation, end-to-end visibility, and seamless integration, and highlights the pitfalls of relying on partial or fragmented solutions, and empowers buyers to compare benefits of a variety of alternative, single-point option.

“As the pioneers in invoice-to-cash for law firms, Oddr is leading the way and setting the new industry standard for how law firms approach their financial workflows.  Empowering our peers in law firms with the knowledge to make informed decisions and embrace transformative technology is part of this project.  The comprehensive rubric we’ve developed in the Buyer’s Guide is not just a tool—it’s the benchmark for evaluating billing and collections solutions and a call to action for firms to adopt a true invoice-to-cash platform and leave behind the inefficiencies of fragmented solutions,” said Milan Bobde, CEO of Oddr.

Key Insights from the Guide:

• Fragmented Systems or Incomplete Platforms Pose a Strategic Challenge: Many law firms operate with siloed billing and collections systems, creating inefficiencies that hinder operational excellence and reduce visibility across the revenue lifecycle.
• The Value of Comprehensive Platforms: A true invoice-to-cash platform streamlines workflows by integrating billing, collections, and payment processes, helping firms reduce bottlenecks and deliver a seamless client experience.
• Practical Framework for Decision-Making: The guide introduces a structured rubric to evaluate technology solutions based on key criteria such as integration, automation, and client-centric features, ensuring firms can make data-driven decisions that align with their strategic goals.

To download the buyer's guide, go here.