Introducing the Insights Tool

Firms produce significant amounts of data however most struggle to realise its value. The Insights Tool helps decision-makers turn information into action.

‘Insights’ combines integration, and innovation to deliver a world-class, business intelligence solution that allows you to break the traditional legal reporting cycles by automating the delivery of accurate and timely reports, presented through interactive and simple visualisations.

Enabling your Firm to Make Informed, Data-Driven Decisions, Faster

One of the key functions of a finance team is to relay timely information to the firm’s decision makers. The reality is, reports are often distributed in weeks, not days, and are presented in formats that don’t facilitate self-service of information.

Insights removes the time, cost, and complexity barriers that prevent firms from pursuing reporting innovation. LexVeritas has built a proprietary solution that extracts data from Practice Evolve, normalises it, and then overlays it with the Microsoft Power BI visualisation tool. This allows firms to quickly analyse huge data sets and drill down into items that require further attention.

LexInsights Explained

Available in 3 Tiers

There are 3 different tiers of the Insights Tool, that specifically address the needs of their audience.

Key Features of the Insights Tool

  • Fee Analysis

    Providing you instant visibility into teams, individuals, and clients that are generating revenue

  • Debtor Management

    Timely information that provides focus on debtor issues

  • Staff Productivity and Utilisation

    Understanding where time is being spent helps you focus on value creation activities

  • File Opening and Current Matter Reporting

    As a leading indicator of fees it is essential to understand the pipeline of work

  • Disbursement Management

    Helping to improve your working capital cycle by ensuring you bill clients for out-of-pocket disbursements promptly

  • End of Month Financial Reporting

    Your financial performance and position available at the click of a button

  • Trust Balances

    Ensure you have visibility into your trust account and that you remain compliant.

Fast Implementation
Process, with Zero Downtime

The implementation of the Insights Tool can be completed within two weeks and there is zero downtime for your firm. Our team will work directly with your inhouse IT department or 3rd party IT provider to facilitate the necessary connections to your Practice Evolve database.

Onboarding and Training
for Your Team Included

Once we have completed the implementation, our team will facilitate a training and handover session to ensure you have the necessary skills to get the most out of your firm’s Insights Tool.

Customisation Available

Our standard reporting suite can be extended and customised to meet the specific needs of your firm. Please contact the LexVeritas team to scope any additional reporting requirements. These will be billed on a time and materials basis.

Free Implementation & Two Months Free Trial*

For a limited time, LexVeritas is offering free implementation, and a two month free trial of the Insights Tool. After two months, if you would like to continue with the Insights Tool, the pricing is based on a monthly subscription fee of AUD$50 (plus GST), per user, per month for the Standard Insights Tier.

*Offer valid until June 30 2022.