USA/Canada News
Oddr, the legal industry’s only invoice-to-cash platform, announces today the company has partnered with leading business and legal technology consultancy firm, i2X. The partnership underscores both companies’ unwavering commitments to excellence in legal technology and to supporting law firms’ business objectives in modernizing and optimizing AR operations.
The vast majority of law firms (80%) have set improving the billing process as a key strategic priority in 2024 and for good reason: 2023 marked the second year in a row that collection cycles have significantly lengthened by 5%. As the length of collections cycles directly correlates to the rate of firm write-offs, lengthening cycles puts millions in revenue per firm at stake every year, industry wide.
To solve this, law firms can now modernize and optimize their AR operations with the right processes and the first of kind technology invoice to cash.
Milan Bobde, CEO at Oddr comments, “We are thrilled to announce our partnership with i2x. i2x's unmatched legal tech expertise, coupled with our innovative and industry’s only Invoice-to-Cash platform, allows us to deliver comprehensive solutions that not only reduce invoice outstanding days and write-offs but also enhance the client experience and eliminate AR leakage. We eagerly anticipate working with the exceptional team at i2x to help firms streamline their billing, collections, payments, and reconciliation processes.”
Bryan Gibson, CEO, i2X Consulting adds: “The secret is out, all businesses run on cash. In all seriousness, shrinking the time to cash cycle is greatly benefitted by shrinking the bill to payment cycle. Oddr takes an elegantly simple but rich approach. Clean and integrated, Oddr can help your business manage the nuances of collecting payment through innovative use of technology, integration, and easy-to-use screens. Bridging your practice management and email systems to enable collection of account activity is one such unique example with powerful repercussions. Additionally, providing a single interface for bill receipt tracking, regardless of bill method, is a first. Having seen lots of solutions to many of the same problems, I am excited to see the Oddr team develop truly novel solutions to vital business functions.”
Chris Mills, COO, i2X Consulting adds: “The Oddr team has made design decisions with end users at the forefront. Rather than searching for data, users are empowered with data to perform vital business functions with minimal wasted effort. They have done for the cash cycle what Apple did for the mobile phone.”
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.
