Balanced Budget: 3 Tools to Help You Manage Your Finances

 

Budgeting is not easy.

 

 

Neither is managing a law firm.

 

 

Yet, both are integral to maintaining a successful legal business with a healthy bottom line.  If you ever find yourself struggling with budgets and management, Select Court Reporters has some good news for you: we did the research and found 3 systems you can use today to keep your finances and your logistics under control.

 

 

Ready to learn??

 

 

Here’s what we dug up for you:

 

 

 

1.  SCORO

 

Scoro helps to plan your team’s time and projects, manage your clients, send invoices, and keep track of your business results.

 

 

  • Manage everything about a project on one page, including time spent and billed, planned tasks and meetings, invoices and expenses, comments and files.
  • Allocate billable and non-billable work and see how your team is doing, in real time.
  • Create budgets for projects and compare these against actual results.
  • Manage your project portfolio by configurable statuses (e.g. in progress, completed) and tags (e.g. type, department, market, etc).

 

 

 

2.  CENTAGE

 

Driver-based, collaborative budgets and plans have never been easier to build and manipulate. Intuitive ‘self-serve’ reports and dashboards show you how well your business is currently performing, while automated forecasts help you accurately predict future financial health.

 

 

  • Get Up and Running in Days. Budget Maestro by Centage guides you through loading the essential data that describes your business – all based on real language prompts, wizards, preformatted templates and menus. No programming or formulas are necessary.
  • Deliver Accurate Plans & Financial Forecasts. Budget Maestro utilizes built-in financial intelligence and business rules – based on your assumptions and workflow – to ensure continuous accuracy. Working from a centralized database eliminates data disparities and any changes to estimates or assumptions are automatically updated, so you are always working with a single version of the truth.
  • Automatically Generate Balance Sheet and Cash Flow Statements. Budget Maestro synchronizes accurate forward-looking Balance Sheet and Cash Flow Statements to your actuals and your underlying budget. Drilling down into the data lets you understand risks, variances and opportunities, and initiate faster changes in response to actual and predicted results.
  • Test Unlimited “What If” Scenarios. Budget Maestro effortlessly handles business changes – large or small. Unlimited versions of the budget let you quickly test the impact of different scenarios. Seeing the resulting future revenue and cash flow takes the guesswork out of crucial decisions.
  • Collaboration with the Entire Team. With Budget Maestro, all your budget contributors are involved from the start. Business managers can work on their own role-based view of the budget, and everything rolls up to a consolidated model. Individual teams get to test the impact of any potential action, while your business budget remains accurate and up-to-date.

 

 

 

3.  TAGETIK

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Companies trust CCH Tagetik corporate performance management software to lower Total Cost of Ownership (TCO). Its corporate budgeting software streamlines and modernizes budgeting & planning processes, shortening close and consolidation cycles. And, its corporate finance software and corporate management software solutions offer automated reporting, analytics & disclosure reporting from a single source. Available on the cloud for more cost savings and flexibility, it’s Cloud Without Compromise.

 

 

  • Budgeting and Software. CCH Tagetik enterprise budgeting software gives you the ease of Excel, the flexibility of the cloud, and the power of built-in financial intelligence. Get more from your budget planning software with CCH Tagetik.
  • Modeling and Forecasting. Using CCH Tagetik software, you can easily assess different business scenarios, instantly see the impact on financial performance, and generate rolling forecasts.
  • Financial Management Reporting. Tagetik’s unique collaboration compatibility with Microsoft Word and PowerPoint connects the narrative to numbers across your Annual Reports, Budget Books, Board Books, Earnings Presentations, and more.
  • Technology and Integrations. Unified CCH Tagetik software solution has built-in-tools such as CCH Tagetik Excel add in or CCH Tagetik SAP – which connect to underlying systems or applications to simplify operations and processes.  You spend less time managing systems and more time having them work for

There are so many great budgeting and management options out there!  Simplify your work life and start managing your finances now.  Not only will it make the actual process easier, it will bring you peace of mind, and that, my friend, is truly priceless…

 

 

SelectCourtReporters provides exemplary court reporting services to attorneys and law firms throughout Central Florida, including but not limited to Winter Springs, Oviedo, Winter Park, Maitland, Orlando, Apopka, Altamonte Springs, and Kissimmee. We are currently expanding our client base in Seminole and Orange Counties and would love to connect with you. Contact us today to discuss your needs.
Phone: (407) 977 – 7725
“Select Court Reporters you can count on!”

 

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