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Texas-based Firm to Transform Billing Process with Pioneering Solution
Jun. 21, 2019
Thomson Reuters today announced that Texas-based law firm Scott Douglass & McConnico LLP (SDM) has selected eBillingHub®, the leading electronic billing solution designed specifically for law firms, to transform their billing process.
The firm—which has more than 75 lawyers based in Austin— chose eBillingHub after a thorough review of the solution. The cutting-edge technology will move them from a manual to an automated e-billing process, enhancing efficiencies and significantly improving profitability. Specifically, they chose the tool for having a centralized unit for tracking e-billed invoices to their clients. Additionally, eBillingHub’s proven improved turnaround time on invoice statuses resulted in immediate results for accounts receivable turnover. More than 22 million invoices have been processed by firms using eBillingHub since 2004, while average time-to-pay per invoice has improved by 11 days since 2013.
The firm—a long-time user of Elite Enterprise® to manage its business—has also selected Enterprise Extend, which helps enhance efficiency through a robust event notification management system. Fully integrated with notifications from eBillingHub, Extend will benefit SDM with expedited critical decision-making and improved margins through actionable, management-by-exception reporting.
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.