Why It Matters for Your Firm
- A/R increased 14.2% and WIP grew 11.1% in 2024. Meanwhile, 81% of firms have increased billing and collections staff over the last five years, yet inefficiencies remain.
- Instead of hiring more staff, there is a better alternative: automation that improves realization rates and cash flow, without increasing overhead.
How AI is Transforming Legal Billing & Cash Flow Management
The legal industry is at a tipping point: billing inefficiencies are costing firms time and revenue, while manual processes struggle to keep up with the increasing demands of billing compliance, collections, and cash flow management.
In our recent webinar, The Future of Billing, co-hosted with HerculesAI, we explored how AI-powered automation is redefining law firm invoices-to-cash cycle, helping firms work smarter, not harder.
Key Insights from The Future of Billing Webinar
AI-Driven Compliance Reduces Billing Errors & Write-Offs: HerculesAI’s Verify solution ensures billing accuracy from the start, with AI-powered compliance that generates precise, audit-ready narratives at the point of time capture, which reduces costly disputes and write-offs.
The Cash Flow Relay: A Winning Combination
Together, HerculesAI and nQ Zebraworks offer a seamless AI-powered workflow—automating everything from pre-bill review to invoice delivery and collections for streamlined WIP-to-cash. The result?
- 120 more hours captured per timekeeper per year
- 2x faster pre-bill review process
- Reduce lockup by 15-45 days
- Increase collected realization rate by 150-300 basis points
What's Next
Learn more about how nQzw is helping law firms streamline bill delivery, collections and payments with Legal Invoices-to-Cash and Law Firm Online Payments.