CashPredict heralds a new era in law firm financial management
Oddr, the legal industry’s first AI-powered invoice-to-cash platform, is pleased to announce the launch of CashPredict. This new module provides unprecedented predictive AI-driven insights into law firms' cash flow for the next 12 months, including forecasted invoice payment timelines and early detection of client anomalies, enabling proactive actions by the firm’s collections team. CashPredict by Oddr marks a significant advancement in law firm financial management. Oddr is sponsoring and exhibiting at booth #229 ILTACON Aug. 11 – 15 in Nashville.
One of the most costly challenges of legacy billing and collections for law firms is what financial officers refer to as the “billing black box”: once PDF invoices are delivered to clients, the billing team loses visibility, control and learnings over the life of the PDF, including whether the client has received the PDF, opened, forwarded or saved it, is intending to adhere to standard payment behaviour or whether the invoice is languishing because of undetected issues on the client side.
The billing black box significantly impacts firms as invoice age directly correlates to increases in write-offs, costing firms globally nearly $100 billion annually.
CashPredict by Oddr heralds a new era in law firm financial management. As part of the only AI-powered invoice-to-cash lifecycle management platform for billing, collections, payments and reconciliation, CashPredict delivers cash flow predictability and insights to firms that enable firms to make better business decisions that significantly lower write-offs.
Milan Bobde, CEO at Oddr comments, “We are excited to announce the launch of CashPredict, our innovative cash flow forecasting module. CashPredict leverages proprietary algorithms to provide law firms with 12-month cash flow projections, empowering them to make informed financial decisions and optimize their operations. This new feature underscores our commitment to delivering cutting-edge solutions that enhance financial management for law firms.”
Oddr is sponsoring and exhibiting at booth #229 ILTACON Aug. 11 – 15 in Nashville. To learn more about Oddr at ILTACON and sign up for a demo of CashPredict, go here.
About Oddr
Oddr is the legal industry’s only AI-powered invoice-to-cash platform. 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.
Oddr Media Contact:
Patricia Ann Nagy, Chief Strategy Officer
Proxy PR
270 West 11th Street 4c
New York, NY 10014
patricia@proxypr.com
646.717.4541
