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Prosperoware today announced a broad set of new features for its Umbria Pricing, Budgeting, Business Intelligence & Analytics offering, which gives partners in legal and professional services firms greater visibility into the economics of engagements and better control over costs and profits.
Umbria’s capabilities lead to improved decision-making on staffing resources that can deliver an appropriate profit margin and improved relationships with clients because the firm can better predict fees, monitor budgets and responsibly report progress.
First introduced in May 2014, Umbria Pricing, Budgeting, Business Intelligence & Analytics puts up-to-date information about clients and matters at the partners’ fingertips by giving them access to a modern web application with a dashboard or by delivering alerts to their email.
“The professional services industry—and more particularly the legal industry—is undergoing a dramatic change,” said Keith Lipman, President and co-founder of Prosperoware. “Clients are unusually focused on securing greater value for their firm. As a result, they are making the ‘cost-conscious’ choice. For many legal and professional services firms, this has created a meaningful drop in demand, requiring leaner organizations with fewer support staff and tighter margins. Against this new reality, these firms are struggling to manage with their traditional infrastructure.”
Umbria software enables a number of business-critical capabilities that help legal and professional services firms competitively price and pitch their services, including pricing supported by metrics-driven fee predictability, automated workflows for generating proposals and managing tasks and projects, flexible options for budgeting, predictive business intelligence and collaboration workflows.
The Umbria 2.1 feature set was driven by feedback from the product’s early adopters. The new feature set is designed to address the sophisticated requirements of global law firms, who deal in multiple currencies, and to give these firms the ability to support a multitude of different styles of matter budgeting to fit each partner’s requirements.
Umbria has been extended and enriched in this release with features that allow firms to:
“We are introducing new releases for Umbria on a quarterly basis over the next two years,” said Sheetal Jain, Chief Technology Officer and co-founder of Prosperoware. “This approach provides an agile framework that enables rapid delivery of features without creating a large upgrade hurdle for our customers. While our goal is to generally avoid product customizations and stick to true product configuration, when required we will attempt to make customizations in a manner that enables us to bring requested features into the core code in the next release.”
See Umbria 2.1 and other Prosperoware offerings at ILTACON (August 31 – September 3, 2015) in Las Vegas in Booth 718 and in our Demo Room Forum Ballroom 8:
“If you do not see us at ILTACON, you can attend our webinar on Tuesday, September 8 at 11:00 a.m. (EST),” noted Prosperoware President Keith Lipman. Introducing Umbria 2.1 - Learn How Prosperoware Can Enable Your Partners to Price, Budget & Monitor their Matters
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:
About Prosperoware
- 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.
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