Why utilising reports to assess profitability is important
Utilising reports in Access Legal Proclaim provides a data-driven approach to decision-making, yielding insights that drive operational efficiency and financial success. These reports enable you to pinpoint lucrative practice areas, allocate resources effectively, and fine-tune pricing structures. By leveraging these insights, enhance your overall financial health, foster transparency and accountability, and strategically expand in directions that align with your highest profit contributors. Regular analysis of these reports not only optimises current profitability but also informs future strategies, creating a cycle of continuous improvement and growth.
What you can do to use the reports within Proclaim
Proclaim offers an extensive array of pre-existing reports that encompass various aspects of the firm, with a significant portion residing in the Accounts module. It's possible that a report suitable for the required management information (MI) is already available.
In instances where your MI needs aren't met, utilise the advanced report creator tool to craft customised reports. This can involve duplicating existing reports or constructing entirely new ones. If a data field exists within Proclaim, it's actionable for reporting purposes!
Review revenue generated from billable hours, fixed fees, and other sources. Compare it with expenses such as staff salaries, overhead, and other costs associated with case management.
Automate reports using a Task Server that streamlines the process by saving time, ensuring accuracy, and delivering up-to-date insights. It empowers law firms to make informed decisions efficiently and focus on strategic analysis rather than manual data compilation.
How to use reports within Proclaim
Access our resources for guidance on how to use reports:
Run an advanced report )video).
Amend a standard report.
Add a report to a task server (webinar).
Restrict who can run reports.