Every practice has a wealth of financial data and metrics streaming in from multiple accounting and tracking systems, including the general ledger, billings, payroll, human resources, and other key areas. Redwood Analytics software converts that data into usable information and insightful assessments about profitability, firm trends, client segments and productivity. Then it distributes that financial and performance intelligence to the right people through dashboard displays, predictive insights, reports and alerts that build understanding and encourage action that will mitigate risk or enhance performance. The sophistication and advanced features found in Analytics provide attorneys with unprecedented flexibility to understand the drivers of performance among clients and in their practice areas. At the same time, the flexible tools allow business and financial leaders to analyze key performance measurements of the firm by drilling down into the cause and effect details behind results.
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