Umbria Price, Budget & Experience Management Increase client value through metrics-driven predictability and economic transparency As a result of client pressure for efficiency, predictability, and cost effectiveness, law firms must rethink and revise organizational, pricing, and service delivery models. They must price their services competitively while closely monitoring margins. Unfortunately, traditional project management software has faced strong resistance because it typically requires massive organizational changes. Umbria Price, Budget & Experience Management leverages past experience to competitively pitch and price services and set and monitor budgets. It requires minimal organizational or process changes. By centralizing and consolidating critical information, organizations can ascertain who is most qualified to take on the work, delivery costs of similar engagements, and the appropriate budget for delivering services to new clients. Umbria Price, Budget & Experience Management increases client value by providing metrics-driven fees predictability and enables greater visibility into
Umbria Price, Budget & Experience Management leverages past experience to competitively price services and monitor budgets.
the economics of engagements. This leads to better decision-making on staffing resources to maximize efficiency and deliver the engagement with appropriate profit margin. It also allows lawyers and other professionals to have conversations with clients about fees and costs when changes in scope are required.
Product Features ›› Provides a single repository for information
›› Enables professionals to select the rate at which
gathered around clients, vendors, colleagues, and
the budget will be expended over a fixed period of
engagements and their interconnections
time and monitors budget adherence
›› Allows professionals the ability to create different
›› Provides reporting at the engagement level and for
pricing models for new opportunities in the context
each phase by role, burn rate, billing status, and
of previously negotiated rates
›› Assembles budgets using pre-defined services or by selecting resources by name or class, number of hours per week, or number of weeks © 2014 Prosperoware LLC
›› Automates the approval and tracking of invoices ›› Creates profiles and biographical data suitable for pitches, proposals, and websites www.prosperoware.com
Product Platform Law and professional services firms are going through a time of tremendous transformation. For many practice groups, clients will no longer pay invoices for hours spent on a particular matter or engagement. Instead, clients are demanding that the fees for services be aligned with value. For many clients, value is related to delivering efficient services and providing predictability to their spend for services. The need to predict the cost of legal and other professional services fees is critical for budgeting on behalf of the client. The delivery of professional services is, in fact, many times dependent on the organization of information such as documents and email. Umbria for Legal Process Management is a next-generation platform that has been designed from the ground up to address today’s issues. The products break down silos of information and integrate the data so it can be leveraged
The need to predict the cost of legal and other professional services fees is critical for budgeting on behalf of the client.
to provide better understanding of a particular matter, client relationship, or practice area. Its vision is to link the budget of an engagement with the work delivering the services. Umbria for Legal Process Management is currently composed of two modules, but will grow to encompass additional practice areas and more processes.
Platform Support IIS 6 or later .NET 4.0 or later SQL Server 2012 or later with Full Text Engine enabled iManage WorkSite 8.5 Server or later DeskSite or FileSite 8.0 SP1 or later Windows Server 2008 R2 or later (virtual or physical) Localization support Firefox 8.01, Chrome 16, and IE 9 or later browsers
About Prosperoware Prosperoware delivers a family of software products and integrated platforms to improve matter centricity, information governance, remote access, WorkSite and SharePoint integration, and pricing and experience management. Prosperoware enables lawyers and professional staff to manage a wide range of document-intensive processes without IT support across multiple systems, including HP WorkSite, Microsoft SharePoint, and any system that stores security in a SQL database.
Contact Us Today www.prosperoware.com
Prosperoware clients include BakerHostetler, Berwin Leighton Paisner, Cravath Swaine & Moore, DLA Piper, Duane Morris, Hill Dickinson, Hughes Hubbard & Reed, Sheppard Mullin Richter & Hampton, and White & Case. Prosperoware has offices in Europe, Asia, and the United States. To learn more, visit Prosperoware’s website at www.prosperoware.com. © 2014 Prosperoware LLC
Increase client value through metrics-driven predictability and economic transparency