New Matter Comparison Application Modernizes Alternative Fee Arrangement Pricing and Speeds up Proposal Generation
Eliminate Manual Efforts in Gathering Past Similar Work to Save Valuable Time and Money
Boston, MA – June 9, 2015 – BA Insight is pleased to announce Matter Comparison, a SharePoint application that replaces the archaic manual process used for pricing and proposal generation. The process of manually collecting information from many different systems, finding a suitable set of comparisons, copying and pasting them into spreadsheets, and then analyzing matters to create billing estimates is slow, painful, and prone to errors. A firm's profitability and competitiveness are at stake when mistakes and missing information result in lost business and revenue.
With BA Insight’s Matter Comparison, matter-related content from multiple systems is automatically aggregated into a virtual “Matter Mart”. Partners and pricing specialists can then easily collect and compare matters directly from search results. Selected matters are saved to virtual comparison baskets which can be viewed in a comparison grid, shared, and exported for offline analysis.
In today’s environment, law firms face increasing pressure from clients to bid Alternative Fee Arrangements (AFA) for new work. This approach demands that bids be priced competitively while also maintaining profitability. Thus, the ability to quickly access a comparison of similar work greatly enhances the firm’s chances of bidding more effectively. BA Insight’s Matter Comparison application modernizes the alternative fee arrangement pricing for new contracts and speeds up the proposal process.
“Our Business Development team and Pricing Analysts are eager to begin using Matter Comparison to enable them to better analyze risk and ensure that bids are priced effectively and competitively. We have been working hand in hand with BA Insight to develop this solution and it will be released shortly to the Firm,” said Mike Tominna, Senior Manager of Web & Search Systems at DLA Piper. “With just a few clicks, we will be able to quickly aggregate matter information from different content sources including iManage, Elite, Interaction, WestKM, and various data marts. This will save us a great deal of time when putting fee estimates together.”
There are many use cases for Matter Comparison including:
• Alternative Fee Arrangements
• Proposal Generation
• Case and Matter Management
• Exploration of Virtual Warehouses
Matter Comparison is available immediately from BA Insight. For more information visit www.BAinsight.com/matter.
About BA Insight
BA Insight’s software addresses the Speed to Information challenge organizations face by quickly connecting SharePoint users to the knowledge they need – linking key enterprise systems with an easy-to-implement, use and upgrade software portfolio. Our software enhances SharePoint out-of-the-box, increasing user adoption while decreasing user complaints. It replaces slow, high effort, and expensive customized approaches with easy to use, off-the-shelf software.
Our software portfolio includes connectors and federation to provide secure connectivity to a wide variety of systems; classification that increases findability using auto-tagging, metadata generation, and text analytics; and applications with search squarely at the interface of users and information.
Hundreds of organizations and millions of users benefit from BA Insight’s software on a daily basis to provide compelling intranets that people love to use including Australian Government Department of Defence, CA Technologies, Chevron, Deloitte, Ford Motor Company, Keurig Green Mountain, Pfizer, and Travers Smith. BA Insight is a Microsoft Gold Certified Partner, a member of the Microsoft Enterprise Cloud Alliance, and an Elastic Partner.