Innovation Software launches I4G Revenue Management Process Optimisation Software Range

Innovation Software launches I4G Revenue Management Process Optimisation Software Range

Posted: 10 March 2010 | Provided by: Innovation Software Ltd | Browse more news

Innovation Software has launched I4G CreditForce 360°, I4G Working Capital Management, and I4G WebDesk. Firms that have already signed up for this include Baker McKenzie in Australia, London, Brazil, Colombia, Venezuela, Singapore, Indonesia, and Malaysia; Olswang, O’Melveny Myers in USA, Japan, France, and UK, and Addleshaw Goddard.

At the launch in Sydney, Russell Lyons, CEO of Innovation Software, said:-
"If a firm wants to reduce its combined Lock-Up days for both A/R (Accounts Receivable) and WIP (Work-In-Progress) close to 60 days, this is the product combination that will enable you to do it."

The core modules in the I4G 360° product range, which is integrated with Elite, Aderant, Lexis Nexis Artiion, SAP, Oracle, and many other PMS, DMS, Case Management and Accounting Systems comprise:-

I4G CreditForce 360° - which provides information and features to enable Collections Teams to work far more effectively and efficiently than ever before and for Revenue Managers to be presented at all times with opportunities for improving Cash Flow, and keep a firm finger on the pulse of a business's collections activities.

I4G Working Capital Management 360° - enables Billing Coordinators to focus on managing the monthly Billing cycle, and to get the most important Bills out of the door in time to get paid on the client's next available Payment run. This feature alone can take as much as 20 days out of the working capital cycle.

It also enables WIP and Revenue Managers to classify rapidly and understand fully the status of a Firm's WIP, creating current and future Billing Realisation Forecasts, and highlighting problems early on. Features are also provided for monitoring large projects that are effectively Fixed Price Matters.

I4G WebDesk 360° - is a very easy to use system designed for Partners and Fee Earners to enable them to focus on their own portfolio of WIP and Accounts Receivable. It enables them to interact with Billing Coordinators and Collections Personnel, communicate rapidly, and view their own Key Performance Indicators. It eliminates the necessity for vast exchanges of e-mails between themselves and the Finance Team members.

Gary Marsland, of Addleshaw Goddard, says:-
"We have achieved very good results with the original CreditForce product, which I introduced to Eversheds originally, and in Addleshaw Goddard in December 2008. We have reduced our Debtor Days by almost 20 to what is now (as measured by the PriceWaterhouseCoopers Quarterly Law Firm's Survey) best in class, and are still improving. During the same time we have implemented centralised Collections and successfully increased our Staff's productivity by 50%.

We are all very excited by the new I4G 360° product combination, which I can see will take our focus and productivity to a completely new level. The speed of operation, and shear range of information provided is phenomenal. It virtually eliminates the need for Customised Reports. In my opinion, this is the best End-to-End Working Capital Cycle Management Software around."

Providers website: Innovation Software Ltd
Date: 10 March 2010
Listed in: Finance, Technology, International, London
More news: View all Innovation Software Ltd news

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