Over the last 6 months we have continued to expand and enhance RedView Acuity, with a strong focus on helping firms better understand performance, improve visibility of future financial outcomes, and make management information more accessible to lawyers and management.
Some of the key enhancements delivered recently include:
AI-powered chart analysis to automatically interpret selected charts, identify trends and highlight potential issues and recommendations
More than 20 new charts added across the platform, together with updated chart documentation available through the Acuity Resource Centre
Automatic Matter Forecasting functionality to project future fees billed, fees collected and labour requirements using existing matter and historical data
Budgeting enhancements including support for public holidays, office closure days and more accurate monthly target calculations based on actual working days
Priority Matters functionality allowing firms to classify and filter important matters using a star-based importance rating system
Matter Profitability Analysis to compare billed fees against the standard value of time recorded, helping firms better understand matter performance and margins
These enhancements continue our broader objective of making the management information already held within your practice management system easier to access, understand and act upon. Keep an eye out for more detailed updates on each of the above items.
As always, all enhancements are included as part of your RedView Acuity subscription.
Please contact us if you would like further information on any of the above functionality or would like a walkthrough of the newer capabilities.
The RedView Team