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
As an innovator in AI-driven search, BA Insight’s best of breed approach helps companies make search intelligent by providing technology that connects machine learning, cognitive computing, and enterprise systems, powering a new generation of intranets and cognitive search solutions. Our customers have the freedom to leverage the best search engines and cognitive computing capabilities available, providing users with an internet-like search experience while saving them precious time looking for needed information. We support multiple search platforms including Azure Search; Elasticsearch and Elastic Cloud; and SharePoint search (online, on-prem, and hybrid).
Our modular software product portfolio features SmartHub, delivering a personalized, internet-like user experience; connectors, providing secure connectivity to a wide variety of systems; classification, increasing findability using auto-tagging, text analytics, and metadata generation; and applications such as Smart Previews and Expertise Locator to help users find relevant information faster for improved productivity.
Hundreds of organizations and over 3.5 million users benefit from BA Insight’s software on a daily basis to provide compelling intranets that people love to use. This includes respected organizations such as the Australian Government Department of Defence, CA Technologies, Chevron, DLA Piper, Keurig Green Mountain, Mars, Pepsi, Pfizer, and Travers Smith. BA Insight is a Microsoft Gold Certified Partner, a member of the Microsoft Enterprise Cloud Alliance, and an Elastic Partner.