JANUARY 2020

What's New in Centerbase?

At Centerbase, we listen to your suggestions, invest more, and release more new features faster than any other cloud provider. Review this month’s updates for exciting new tools and features to help your firm take maximum advantage!

PROJECT AND SUBSCRIPTION BILLING

Many clients are demanding alternatives to hourly billing. Centerbase has added robust features for alternative fee arrangements.

feearrangement

Centerbase now supports many new options for setting and switching between different fee arrangements over the course of a matter's lifetime. Subscription billing allows you to define a regular amount and time period to bill the client. Project based billing allows you to define a total amount of fees to bill, split over a number of bills. Neither require you to actually enter any time in order to bill or collect.

Powerful new reporting and allocation tools allow you to analyze timekeeper productivity and matter profitability like never before.

MATTER METRICS™

You need to define and execute a plan to maximize your firm’s profitability and client satisfaction. That’s why we’ve added integrated budgeting for both matters and timekeepers, allowing you to track your progress to profits.

mattermetrics

 

 

 

Build and evaluate budgets at a glance for both matters and timekeepers. Create budgets for key metrics such as billable hours, fees received, and expenses on matters and compare them to actual values. Set target hours and fees for timekeepers and track their progress. We save you the headache of having to use spreadsheets to manually find and track these critical firm metrics and KPIs.

TIME ENTRY APPROVAL

More accurate and faster billing is now possible by allowing timekeepers to quickly and easily view, edit and approve their time.

timeentriesapproval

We’ve created a new easy-to-use workbench where timekeepers can view, edit, merge, approve and place entries on hold. Using the workbench will speed the entire bill generation and pre-bill review process.

ACCOUNT SEGMENTATION

You can now generate a Profit & Loss Statement for different offices, practice areas or attorneys.

accountsegmentation

 

 

 

You’re no longer limited to a single Profit and Loss report in Centerbase. Create up to three types of account segmentations such as office, practice area or attorney, to get a better look at how different parts of your firm are performing.

GENERAL LEDGER BUDGETING

Updating your firm’s budgets could take you hours every month, so we’ve added General Ledger Budgeting in Centerbase to provide updates on your budget vs. actual numbers in real time.

budgetvsactuals

You can now create annual, quarterly or monthly budgets for any income or expense account within Centerbase. After setting your budget goals, you can run reports at any time throughout the year to see updates on how your actual numbers are compared to your budget goals.

SORT BILLING ENTRIES ON A BILL

You can now choose the order in which billing entries display on a client’s bill.

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When editing a prebill, you now have the ability to rearrange the order of billing entries on a bill. You can also set a system default sorting order, which can include up to two criteria, so you’re not manually rearranging billing entries every month.

OUTLOOK ADD-IN SAVE AS .MSG FILES AND WEB OPENER

We’ve enhanced the way you interact with emails from Outlook in Centerbase.

outlookaddin

Emails saved into Centerbase from Outlook using our add-in are now stored as .MSG files. You can now view emails in Centerbase or you can choose to download the email back into Outlook, so you can forward or reply to the email. This means you can now search for emails based on content in the email, sender, etc. (For this update to work, you must download and install the latest version of the Centerbase Outlook Add In from our support site.)

CHART OF ACCOUNTS IMPORT

Centerbase now supports the ability to import your chart of accounts into your database.

chartofacccountsimport

 

 

 

You can now easily import your chart of accounts along with opening balances. We have a pre-formatted CSV file to make this process a breeze for clients.

Want More Details?

Click here to access the technical details of the January 2020 release.

Interested in Seeing All of our Updates?

Click the button to see all the major updates we have made to Centerbase since we started.