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Are Your Business Processes Working For or Against You?

ARE YOUR BUSINESS PROCESSES WORKING FOR YOU OR AGAINST YOU? K2 LAW FIRMS NEED TO BE AGILE IF THEY ARE TO STAY AHEAD OF THE COMPETITION. HAVING A 360° DEGREE VIEW IS ESSENTIAL TO THIS... AND WORKFLOW MANAGEMENT SOFTWARE CAN HELP Law firms must be both fast and agile to survive and thrive in today's competitive business environment. Transparency and all-round vision are key. Partners in law firms need to understand: Where all current case information is stored, physically and digitally. According to PwC's 2014 Law Firm Survey, the top law firms have: Whether digital information is accessible to everyone in the firm, in line with user permissions. Recorded their highest ever average net profit margin of How long it takes to compile critical information needed for case preparation. 40%- Improved profit per equity partner, exceeding the Percentage of time that employees spend on billable tasks. £1M- How information on billable hours is fed % into their accounting system for each case. Seen fee income per chargeable hour fall by 8.1% Whether there is potential for shared learning across different cases. barrier. Witnessed a gap of 9-12% Automated workflow management software makes this whole process quick and easy, transparent, standardized and accessible. As a result: between target hours and actual hours recorded. Highlighted 99 "improved profitability ) Profitability can be measured. Knowledge can be shared. Efficiency can be increased. as an area of focus. To gain 360° vision and compete with top firms, partners must know how all cases are progressing at any time. This can be accomplished through a cohesive workflow management software system, which is more efficient than monitoring every case manually. Discover other ways software can help to improve your business journey by downloading: HK2 AUTOMATE YOUR WAY THROUGH BUSINESS CHANGE: A well-rounded understanding of business performance will ultimately lead to a more profitable business. IMPROVE CLIENT RETENTION WITH BPM AUTOMATE YOUR WAY THROUGH BUSINESS CHANGE: IMPROVE CLIENT RETENTICN WITH BPM 3-1 14 SEEN AHITCE t CE TIVE-F O.AETEF-EYSTEP GLIDE TO ENSJRE T-AT YCLR ARs DOWNLOAD YOUR FREE EGUIDE NOW

Are Your Business Processes Working For or Against You?

shared by JeffShueyK2 on Jul 13
Discover how workflow management software can help you to get a 360º view of your law firm’s business processes with our new infographic.




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