• Benefits
• Features

• Business Intelligence

Benefits

Recognize rate discounting patterns easily

With the growing pressure from your clients to have more consistent pricing efforts in place, it is important to identify the impact a rate discount has on the overall profitability of a client or matter. By utilizing the Redwood Profitability module, you can assess trends in rate discounts quickly by client and by matter to determine the impact on your firm’s future performance.

Analyze capacity and utilization by title, office and practice

The Redwood Business Intelligence Profit module includes data and analysis designed specifically to help you gain meaningful insights into the utilization, capacity and FTE trends across all business areas of your firm. The BI platform includes flexible, easy-to-use tools that will help you report on these measures according to the way you manage your firm today.

Identify opportunities to improve client and practice profitability

It can be challenging to gather all of the data required to analyze the profitability of your clients and practice areas, but with the flexibility and depth of content included in the Redwood Business Intelligence Profitability module, you can target meaningful opportunities on a monthly basis across all segments of the business in order to improve the profitability and overall performance of the firm.

Understand how staffing a matter impacts your firms performance

Determine how the change in mix of attorneys staffing any engagement impacts the overall profitability of that client or matter. The Redwood Intelligence Profitability module includes measures specifically created to determine how the change in mix of attorneys on any engagement impacts that client or matters profitability.  By using this platform, help billing partners understand leverage and its impacts on the firm’s performance.

• Benefits
• Features