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Iridium Technology

You deserve better BI and Financial Analytics

Iridium Technology
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Do law firms need yet another choice for their business intelligence and financial analytics?

Our answer is “ABSOLUTELY”! Many firms that have already purchased legal financial analysis and business intelligence solutions are disappointed by the capabilities of the solutions and the value and service that they receive from their vendor. Firms that have not yet purchased are underwhelmed by the quality of the offerings that are presented and the lukewarm references provided. Iridium Technology has 70,000+ hours of experience working directly with our client base on financial analysis solutions for legal and professional services firms.

We offer 16 products across 3 product families, and can meet any financial tracking need your firm has. All content can be customized based on your firm’s business practices, nomenclature, and financial calculations. Over 200 leading global law firms have signed with Iridium, ranging from 40 timekeepers to over 3000.

All modules are backed by Iridium’s 90-day Money Back Guarantee: “If at any time in the first 90 days you are not satisfied with any Iridium BI module for any reason, we will refund all of your fees. Period.”

Products 

  • Iridium BI Profit Module

    Features

    • Complete cube-based profitability reporting and financial analysis solution that has been designed specifically for legal and professional services firms
    • Provides analysis by all firm “components”: Office, Department, Client, Matter, Responsible Partner, Working Attorney, etc.
    • High performance, full-featured Profit cube
    • Supports both cash and accrual based profit reporting and analysis
    • Complete set of role-based Profit dashboards
    • No limits on loading data from external sources
    • No limits on allocations
    • Excellent query performance – even on the most challenging slices such as WIP/AR aging and participating partner credits
    • Cube and dashboards are fully customizable based on firm requirements (all Iridium BI modules)

    Benefits

  • Iridium BI Revenue Module

    Features

    • The Iridium BI Revenue module provides a robust, cube-based BI foundation to deliver high performance dashboards for your Aderant®, Elite Enterprise®, and Elite 3E® data.
    • High performance revenue cube with 200+ measures covering billable hours/dollars, disbursements, invoices, collections, write-offs, etc.
    • Complete set of role-based dashboards
    • Cube and dashboards are fully customizable based on firm requirements (all Iridium BI modules)
    • Cube and dashboards are extensible: we can seamlessly merge data from external systems
    • Excellent query performance – even on the most challenging slices such as aged WIP/AR and participating partner credits
    • Extensibility and customization capabilities provide a complete BI ecosystem for reporting on firm performance

    Benefits

  • Iridium BI GL + Expense Module

    Features

    • The Iridium BI GL module provides a complete BI solution for analysis and reporting on general ledger and AP sub-ledger data, including drill-through to the journal entries.
    • Role-based dashboards summarizing firm performance and financial position
    • Complete set of financial reports such as Balance Sheet, Income Statement, and Trial Balance
    • Fully configurable to match firm requirements for financial analysis and reporting

    Benefits

    • Firm management is fully informed on financial performance with both graphical and numeric data representations
    • Ability to create ad-hoc financial statements and queries using Microsoft Excel
    • Tighter management of firm expenses, resulting in reduced spending and improved cost control

    More Information » info.iridium-technology.com/introducing-the-iridiu...

  • Iridium BI Matter Module

    Features

    • A complete cube-based matter budgeting and pricing solution to allow partners and pricing analysts to create and approve matter plans, and then monitor actual performance versus plan as the matter is being worked.
    • Powerful inquiry tool to search existing matters for use as templates for creation of new matter plans
    • Intuitive browser-based matter plan editor for creation of detailed matter plans, including phases and tasks
    • Role-based matter tracking dashboards keep partners informed of matter performance versus planned outcome
    • Integrated profitability calculations result in plans that meet or exceed firm profitability targets
    • Variance Analysis: Compare the actual results on matters back to the plans, creating a feedback loop that improves the accuracy of future matter plans
    • (Version 2.0) Resource planning: Track and identify available resources based on their skill sets and experience

    • More Information » info.iridium-technology.com/introducing-the-iridiu...

  • Intellistat Budgeting & Forecasting

    Features

    • Intellistat Budgeting & Forecasting is a complete budgeting and forecasting application designed specifically for legal and professional services firms
    • Employee expense modeling allows you to dictate the calculation formulas and application rules based on the configuration of your business
    • Account budgeting that gives immediate access into account-level information to help plan for upcoming costs
    • Employee revenue modeling unlike any other tool on the market
    • G/L inquiry provides G/L transactions and batches subtotaled, filtered, and sorted by segments or vendor

    Benefits

    • Flexible and configurable to meet the needs of your firm, specifically
    • Distribute browser-based budget entry screens throughout the firm while maintaining the data integrity of a centralized database
    • Allows for the most detailed entry of budgeted information while still affording...

  • Intellistat Financial Reporting

    Features

    • Meets the complex financial reporting requirements of your firm – think of Financial Reporting as an FRX replacement for generation and distribution of your financial statements and custom reports
    • Snapshot, live data, working, and custom report types available
    • One-touch exports to excel, pdf, and print
    • Integrated with your Active Directory security system, supporting group-based security
    • Navigation, report menu options, and report menu appearances are all configurable and customizable

    Benefits

    • Financial reports at your fingertips in record time
    • Ability to pull up-to-the-minute reports
    • Ability to schedule your report creation

  • Intellistat Performance & Compensation Portal

    Features

    • Streamline your Partner performance review and compensation process through an interactive portal that allows you to review partner performance data, allocate points, and assign bonuses, and determine compensation for each partner
    • Quick, easy comparison of partners and practices
    • Store and review multiple years of key metrics
    • Drill-down into details like client trends, allocation points, and more

    Benefits

    • Streamlined performance reviews and compensation processes
    • Reporting and comparisons instantly at your fingertips
    • Multiple years of key metrics stored and available for review

    More Information » cdn2.hubspot.net/hubfs/3397405/Intellistat%20Partn...

  • Intellistat Matter Planning & Pricing

    Features

    • A complete wizard-driven solution that enable users to budget, price, manage and monitor individual matters
    • Personalized user experience
    • Alerts configured to highlight matters needing attention and designed to check matter data firm-wide, by practice area, or down to the matter level
    • Fully configurable interfaces for budget scenario options, budget details screen options, and key financials page appearance

    Benefits

    • Enables your firm to easily plan, track, and analyze matter budgets to optimize profitability
    • User-centric dashboard with what-if scenario modeling and budget tracking
    • Create and model client, opportunity, or matter-level projects and budgets
    • Track and manage project budgets against actual costs

  • Intellistat Analytics

    Features

    • Intellistat Analytics is a comprehensive, centralized BI platform that provides access to key performance metrics through drillable, interactive visualizations for users of Aderant®, Elite Enterprise®, and Elite 3E®
    • Robust data warehouse which provides month-end reporting capability every day
    • Multi-contextual analysis available in minutes
    • Intelligence Drill-Down (IDD) allows for instantaneous access to statistics through browser-based inquiry

    Benefits

    • SQL Server database resides on its own warehouse, lessening impact on your operational system
    • Rapid access to key operating performance metrics
    • Automated management of individual partner, shareholder, partner candidate, and associate performance

  • Intellistat Dashboards

    Features

    • Tightly integrated with the data from your practice management system
    • Highly customizable
    • Dashboards can be tied to one or more group(s) of users
    • Unlimited visualization capabilities per dashboard

    Benefits

    • All firm timekeepers empowered to manage their own performance via powerful and informative dashboards
    • Dashboards drive culture of performance and accountability, resulting in higher billable hours, faster billing, and faster collections
    • Dashboards are fully customized to meet the direct needs of your law firm
    • Security is tightly integrated to Intellistat – users can access the data they need but nothing more

  • Intellistat Profitability with Allocations

    Features

    • Allocate labor costs and overhead in a way that makes sense for your firm
    • Customize your profitability calculations and analysis
    • Reporting available for any level (firm, practice, office, client, matter, partner, or timekeeper)

    Benefits

    • Eliminate distrust of confusing systems
    • Bring awareness and guide behaviors to promote profitability
    • Calculate and analyze profitability in a way that makes sense for your law firm

  • Steere PrebillManager

    Features

    • Completely streamlines bill editing, approval, and processing for firms running Aderant
    • Easily configurable and fully customizable to meet your firm’s needs
    • Advanced fatures available to make the billing process smoother
    • Fully integrated with Aderant Expert, Rippe & Kingston, and Lawtime

    Benefits

    • Streamline the bill editing process for your law firm
    • Revolutionize how your firm manages the billing process
    • Increase the efficiency and quality of edits

    More Information » cdn2.hubspot.net/hubfs/3397405/Steere%20PrebillMan...

  • Steere AlertManager

    Features

    • Distributes notifications by email from just about any system or data set, including your Aderant®, Elite Enterprise® and Elite 3E® data
    • Disseminate notifications via email or outside of email
    • Derive alerts from just about any system
    • Advanced formatting capabilities to make your notifications stand out

    Benefits

    • Keep everyone in your firm aware of necessary alerts
    • Collect information back from the end users of your alert system
    • Choose how your alerts are given for maximum efficacy

    More Information » info.iridium-technology.com/introducing-alertmanag...

  • Steere Executive Inquiries (EIS)

    Features

    • Complete desktop inquiry system designed to meet the needs of attorneys, finance staff, and firm management that want to better understand the data is locked up in Aderant®, Elite Enterprise®, and Elite 3E®
    • Comprised of three different sections: classic, business intelligence, and my reports
    • Provides drilldown abilities and ad hoc query tools
    • Deploy alerts straight to your attorneys’ desktops

    Benefits

    • Merge your firms’ systems until a complete conversion can be scheduled
    • Robust ad-hoc reporting tool with advanced abilities

  • Steere BudgetManager

    Features

    • Complete matter budgeting and pricing solution to allow partners and pricing analysts to create and approve matter plans, and then monitor actual performance versus plan as the matter is being worked (Note that this a 99% match of Iridium’s solution – the products basically solve the same problem)
    • Allocations allow you to budget across periods of time to determine when various tasks might be billed
    • Create and monitor milestones to be completed for each line item in a budget
    • Look at matter history to determine what similar work would cost in the future
    • Budget based on your firm’s specific needs
    • Customizable SSRS reports

    Benefits

    • Effectively streamlines the creation of matter budgets
    • Track budgets to actuals, manage profitability and alerts
    • Fully integrated with Aderant, Elite Enterprise, and Elite 3E
    • Highly custom...

  • Steere ReportManager

    Features

    • Report distribution utility that allows users to deliver and burst information in a wide variety of formats across all firm data sources
    • Create a PDF from any source
    • Burst or deliver complete reports intact
    • Deliver one or more reports as a report package

    Benefits

    • Shave days of time off your month-end and year-end report distribution processes
    • User-friendly interface makes the setup quick and painless
    • Save your firm the time and expense of printing and distributing reports manually
    • Distribute reports via email, website, SharePoint, file, etc.

    More Information » cdn2.hubspot.net/hubfs/3397405/Steere%20ReportMana...

Information

  • Iridium Technology
    5470 Kietzke Lane, Suite 300
    Reno, Nevada 89511
    United States
    Map It »
    iridium-technology.com
  • Products16
  • Last UpdatedOctober 22, 2020 6:34am EDT

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Contact

  • Rod Wittenberg
    Rod Wittenberg

    Vice President of Sales
    Iridium Technology
    Plymouth Meeting, Pennsylvania