At ILTACon 2024, I found some new products available with functionality for different purposes in legal ebilling.
Hercules AI is offering a new product called Verify that is designed to assist with Outside Counsel Compliance. So slick. Very next generation. It knocked my socks off, and I sent 6 people over to look at the product. You can learn more here: https://hercules.ai/verify/.
The week prior to the conference I received a Google Alert mentioning FulcrumGT’s Salvo product. No one on the LEDES Board had heard of it, and it was the one product that I was in search of more information on as I headed to the conference. Salvo is a new entrant in the Ebilling Administration tool market, competing against Elite eBillingHub and Aderant BillBlast. This market has long been in need of additional products, and now one exists. Interestingly, they state, “The solution can provide real-time updates across all vendor sites” which I think is a differentiator. You can learn more here: https://legacysite.fulcrumgt.com/products/salvo/.
FulcrumGT also is offering a collaborative ELM system called RapidX. It is worthy of a look from any law department or insurance organization wanting to implement legal ebilling or to change vendor systems. The system is similarly available to law firms that would like to better collaborate with non-ebilling clients. You can learn more here: https://fulcrumgt.com/.
Finally, I wanted to mention seeing Oddr’s Invoice to Cash Platform. I have seen this product at a couple shows now, and still am struck by their creative solution for invoice/collections/payments. I am not aware of any other product aimed at this particular segment of the “problem” with legal ebilling. It is not unexpected that they are picking up traction in the marketplace. To learn more: https://www.oddr.com/.