How Innovation and AI are Transforming Billing and Collections
Dec 10, 2024
The legal industry is undergoing a transformation, with innovation and artificial intelligence (AI) reshaping the billing and collections process. These advancements address longstanding issues, setting new standards for client service, operational efficiency and financial management. Law firms that embrace these innovations can streamline their operations and enhance client satisfaction.
Reinhart Goes Live with Oddr’s AI-Powered Invoice-to-Cash Platform
Nov 18, 2024
Oddr, the legal industry’s only AI-powered invoice-to-cash platform, today announces that Reinhart Boerner Van Deuren s.c., a 200-attorney law firm with offices across nine locations, has gone live with Oddr to leverage the multi-layered benefits of AI-powered invoice-to-cash, greatly enhancing the efficiency, security, and visibility of billing operations and significantly improving client experience.
Oddr Announces the Release of the 2024 Invoice-to-Cash Survey Executive Report
Nov 13, 2024
Oddr, the legal industry’s only AI-powered invoice-to-cash platform, today announces the release of the 2024 Oddr Invoice-to-Cash Survey Report. This executive report examines the current state of billing and collections practices in law firms and highlights critical inefficiencies caused by outdated processes. The findings offer a roadmap for firms looking to modernize and improve their financial operations.
Top 5 Strategies for Managing the End-of-Year Collections Frenzy
Oct 01, 2024
End of year collections are crucial for law firms because they allow them to maximize their revenue for the year, impacting profitability, partner distributions and bonus calculations by ensuring outstanding invoices are paid before the year closes, which is especially important for meeting financial targets and managing cash flow throughout the firm.
Oddr, the legal industry’s only AI-powered invoice-to-cash platform, is pleased to announce the launch of CashPredict and OddrPay at ILTACON. Read more about the announcements below.
Visit our booth #229 in the Exhibit Hall of the Gaylord Opryland Resort and Convention Center, and learn how Oddr’s AI-powered platform centralizes, streamlines, and accelerates every step of billing + collections — from bill preparation and delivery to collections and reconciliation - enabling new possibilities in analytics, forecasting, and client service that eliminate revenue leakage and increase profitability in the billing and collections lifecycle.
What’s interesting here is not so much the errors that have taken place in the past, but how little technology has come along to solve the problem for law firms and their clients, to significantly improve that critical aspect of client service that happens during the delivery of the clients’ invoice — until now.
Oddr and the Legal Tech Experts at i2X Consulting Announce Partnership
May 06, 2024
Oddr, the legal industry’s only invoice-to-cash platform, announces today the company has partnered with leading business and legal technology consultancy firm, i2X. The partnership underscores both companies’ unwavering commitments to excellence in legal technology and to supporting law firms’ business objectives in modernizing and optimizing AR operations.
Legal Business World Magazine - Finance Innovation News Article
April 25, 2024
The majority of firms (80%) and industry analysts (including Citi Hildebrandt Client Advisory and Thomson Reuters and Georgetown Law State of the Legal Market) find the business impact of lengthening collections cycles to be so significant that fixing this problem is uniformly cited as a top strategic priority for firms of all sizes in 2024.
Ward and Smith Implements Oddr to Enhance Efficiency, Security and Velocity of Billing and Collections
March 25, 2024
Ward and Smith P.A., announces the firm has implemented Oddr, the legal industry’s only invoice-to-cash platform to help the firm centralize, streamline, and accelerate every step of billing and collections in a more secure manner.
Webinar - Invoice to Cash: The Billing Technology Innovation Saving Firms Millions
March 25, 2024
The top 1000 law firms process about 120 million invoices annually, and law firms globally today write off about $100 billion in revenue.
Law firm billers do not have the right technology to do their jobs well. Year after year, the billing and collections cycle continues to weaken and lengthen with multiple points of failure and disconnect, costing firms millions if not billions in revenue leakage. It should come as no surprise, then, that in 2024, the vast majority of firms (80%) have set solving billing and collections as a top strategic priority.
Join this webinar to meet Oddr, the legal industry’s only AI-powered invoice-to-cash platform; purpose-built to solve the billing and collections challenges costing firms millions.
Law.com - News Article Revolutionizing Revenue: How ‘Invoice to Cash’ Innovation Rescues Firms from Billing Woes
March 19, 2024
More and more, firms are understanding that it’s the firm’s ability to convert its agreed rates through billing and collections to collection realization that really counts.
So why is it such a challenge for firms to solve it?
Oddr Expands into APAC, Selects Pickering Pearce, Implementation Partner
March 5, 2024
Oddr, the legal industry’s only invoice-to-cash platform, has partnered with law firm consultancy firm Pickering Pearce in the APAC region to provide billing process review and implementation services for Oddr’s invoice to cash offering.
Oddr Expands A-Team Leadership and Welcomes Dan Wales
March 4, 2024
Oddr, the legal industry’s only invoice-to-cash platform, is thrilled to announce that highly regarded legal technology founder, creator, investor and advisor, Dan Wales, has joined the Oddr in the role of Strategic Advisor.
Webinar: Billing Lifecycle Roundtable — Focus on Collections (2023 and Beyond)
This session focuses on steps your law firm can take today to improve collections performance this year, and strategies for enhancing results in 2024. Featured panelists: Bryan Rosenberg, Director of Finance Gunderson Dettmer Jill Tolotta, Director of Client Services Ballard Spahr Jennifer Sutton, Director of Finance Ward & Smith, P.A
Webinar: Streamlining Client Billing & Collections — Law Firm Case Study
In this Webinar, our featured guest speaker, Charles Collins, Director of IT at Ward and Smith, P.A. will share his firm’s experience adopting Oddr’s invoice-to-collections solution.
Visit our booth #207 in the Pacific Hall of the Walt Disney World Swan and Dolphin Hotel, and learn how Oddr can streamline your firm's billing and collection processes.
ILTA selected Oddr as part of a curated group of companies based on the “newness” of the company, the innovative nature of the product, and possible industry disruption.
Venue: WDW Swan & Dolphin Hotel (Pacific Hall) Booth: #207
ILTA Product Briefing: Bill Clients Better, Collect More Faster
Today law firms have been tackling key elements of this lifecycle through the diligent work of staff executing various disconnected processes, combined with point solutions that only address parts of the overarching workflow problem.
Oddr is changing this equation with a fresh, modern platform that centralizes, simplifies, and streamlines the entire legal billing lifecycle to give firms new levels of visibility and control.
Webinar: Achieving Client Billing Nirvana — Insights from Experts
In this Webinar, our featured guest speaker, Bill Caraher, CIO and Director of Operations at von Briesen & Roper, explores how his firm is investing in improvement — including streamlining internal practices and adopting new software to achieve Billing & Collections Nirvana.
For this session, we are convening leaders from IT and finance to discuss how firms measure and respond to the management of the invoice-to-cash lifecycle. We will delve into practical strategies that firms are implementing to enhance their practices, and provide a brief overview of how our solution aims to innovate and improve the speed and efficiency of this crucial process.
Moderated By: Bill Caraher CIO - Von Briesen Dan Safran CEO and President - Unbiased Consulting
Oddr selected for 2023 cohort of the LawTech Hub by Lander & Rogers!
Oddr is pleased to announce that it has been chosen as one of five highly vetted projects to join the 2023 LawTech Hub by Lander & Rogers. Australia's LawTech Hub was launched in 2019 by multi-award-winning independent law firm, Lander & Rogers who are leading the nation's legal innovation agenda.
Come join us at ALA's 2023 Annual Conference & Expo in Seattle, Washington. Oddr is thrilled to be a part of this event and present our Invoice to Cash Platform, which streamlines billing and collection processes specifically designed for law firms. If you are an IT or Finance leader attending the conference, we invite you to visit our booth to learn more about our solution and how it can benefit your firm.
Venue: Seattle Convention Center Booth: 1033
Roundtable - New York
March 22, 2023
In this session, we are gathering leaders from IT and finance to discuss how firms measure and respond to managing the invoice-to-cash lifecycle. We will delve into practical measures that firms are implementing to enhance their practices, and provide a brief preview of how our solution aims to innovate and improve the speed and efficiency of this crucial process.
Hosted By: Wilson Sonsini
Get in touch
Contact us now to find out how the Oddr platform can help optimize your firm's invoice to cash process.
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