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135 Year Old Minneapolis Law Firm Enlists Market-leading E-billing Solution to Further Enhance Competitiveness
Aug. 22, 2019
Thomson Reuters today announced that U.S. law firm Bassford Remele has selected eBillingHub®, the pioneer and leading electronic billing solution designed specifically for law firms, in order to drastically improve its billing efficiency and further enhance its competitiveness in the marketplace.
The Minneapolis-headquartered firm chose eBillingHub after an extensive review of potential solutions to help replace its previously manual processes for e-billing. The adoption of eBillingHub will enable Bassford Remele to benefit from a significantly streamlined e-billing offering for clients—a significant proportion of which require such capability. The firm will gain the ability to track performance and realize decreased accounts receivable turnover, among other benefits.
Since 2013, firms using eBillingHub have seen an average 11-day time-to-pay improvement per invoice. The solution supports billing in more than 20 different currencies and 140 different corporate and vendor systems, and offers powerful reporting and analytics tools that provide firms key insights into their e-billing activity. Nearly 3 million days of cash flow delay were saved by eBillingHub law firms last year alone.
eBillingHub, part of the Thomson Reuters family of innovative solutions for professional services firms, provides a comprehensive and collaborative approach for preparing, submitting, tracking, and managing electronic invoices. eBillingHub delivers solutions to hundreds of clients, including more than 75% of the Am Law 200 firms and law firms of all sizes in North America, Europe, and Asia Pacific, helping them to reduce errors in the electronic billing process. eBillingHub is a strong supporter of key industry standards as a member of the LEDES Oversight Committee and ILTA. For more information, visit eBillingHub.