Legal and insurance departments have many specific automated needs, such as data management programs and automatic electronic invoicing solutions to ensure an efficient and cost-effective work process. Billing software for law firms, insurance company claims departments, third-party claims administrators, and risk managers is a critical value-add by helping to save time and deliver accurate billing service. It also provides security and accurate auditing which are very beneficial for them.

Traditional paper files can be a huge headache for insurance or legal offices in many ways. They consume a lot of space and time while retrieving and archiving documents. Billing software can go a long way to alleviate these headaches, especially for insurance and legal professionals. Legal and insurance billing software manages your documents electronically. It is a paperless system to intelligently create, manage, process, archive and retrieve all business data.

For insurance companies, insurance billing software analyzes all information related to property, casualty, commercial, auto, construction defect, and other general liability policies. This software for lawyers can be used for almost all practice areas, such as family law, personal injury law, criminal law, etc. Whether you’re a provider, attorney, insurance claims handler, or adjuster, you’ll need automated billing software to succeed in today’s competitive world.

Insurance & Legal Billing Software Features:
Billing software is used by hundreds of attorneys, insurance agents, real estate agents, and other accounting professionals to better manage their data and billing. Although the main function of the billing software is to produce invoices. It has many other functions to do. Some of the main functions of an automated software include:

Allows storage of various insurance claims and legal documents
Billing software is used to track and store various insurance claims and legal documents. Stores and maintains transaction records for multiple claims and customers. It allows you to store and manage important data, such as multiple bank accounts and numerous customer accounts for each bank. Regardless of the source or file type, it helps you store data together in electronic filing cabinets, according to your needs.

Organize and document all daily activities.
Billing software helps to document all daily activities. The main advantage of this software is its simple user interface. It keeps track of all your daily activities such as deposits, spending and other transactions. With matter management being particularly important to all insurance and legal departments, the right software program is crucial to efficiently tracking and organizing all day-to-day business activities to meet your performance goals.

Automatic invoice generator
Automatic electronic invoicing solutions are vital for legal and insurance environments where many people are involved in daily processes, particularly in outsourced firms. A good software program can help insurance and legal departments send invoices in the most efficient and responsible way. If billing is integrated with insurance or legal management, it can benefit everyone involved in the process.

Allows quick retrieval of records by keywords
One of the problems with regular paper documents is that they are often lost or misfiled. We unknowingly spend a significant amount of time searching for documents. It’s a very unproductive job for any professional organization, in particular insurance and law firms because every minute matters to them. Billing software organizes all notes or documents for instant retrieval. Invoicing software’s sophisticated search capabilities can provide you with the file or document you’re looking for, in nanoseconds.

Link expense receipts to billing receipts
Billing software instantly provides all expenses related to your project or job for your client to review. Billing software allows you to track funds being debited, credited, or withdrawn from customer accounts quickly and efficiently. Combine multiple billing vouchers for the same payee in that customer’s general ledger. It links all types of deposits, as well as the expenses of all your clients, individuals or companies, to provide a clear picture of the transactions.

Provides a breakdown of billable hours by employee rate
Billing software produces hourly billing invoices based on the employee’s rate. Track your time in those precious and all-important billable hours. Perform a comprehensive audit of all billable hours for an employee. Better managing all your projects, clients and work hours using billing software will help you increase your billable hours.

Provides a breakdown of billable hours by task
The highly spontaneous user interface makes it very easy for insurance and legal firms to create one ledger per client and track each transaction with ease. You can easily determine the average time it takes to complete each task and the amount that will be billed for a person in that role. The billing software automatically associates all documents between invoices and projects.

In addition to the features mentioned above, billing software has many more advantages, such as saving storage space in filing cabinets, protecting the business in case of disasters, controlling sensitive information so it does not fall into the wrong hands and, of course, save real money on stationery, photocopies, etc. But remember, there are many software programs for legal and insurance billing. You need to take the time to find out which one is really the right one for your business. The key to effective billing and data management software is finding a program that is easy to use, efficient, and accurate.