The Revenue by Matters report offers a detailed view of revenue generated by each matter through invoicing. This is essential for tracking the financial impact of specific cases, helping firms manage resources, adjust pricing strategies, and streamline financial oversight.
Insights Expected from the Revenue by Matters Report
This report provides actionable insights to support financial and matter management:
Matter-Level Revenue Insights: Displays revenue per matter, allowing firms to assess the financial contributions of individual cases and evaluate their profitability.
Financial Performance by Case Type: Allows firms to compare revenue across different matter types, which can support strategic decisions about which types of cases to prioritize.
Invoicing and Collection Patterns: Helps identify trends in invoicing and collection for specific matters, allowing firms to spot any issues with delayed payments and proactively adjust billing practices.
Resource Allocation: By identifying high-revenue matters, the report aids in resource distribution, ensuring that high-value cases receive the attention and resources needed to maximize profitability.
Forecasting and Planning: Provides historical data on matter revenue, aiding in financial forecasting and budget planning.
To generate the Revenue by Matters report:
Navigate to the Dashboard
Click on Reports
Scroll down and choose 'Revenue by Matters.'
You can refine the details by applying various filters. This report can also be exported for further review, allowing firms to comprehensively analyze matter revenue and make informed decisions to enhance financial management and matter prioritization.
Explore this comprehensive guide for a deeper understanding of all features available in the reports interface.