Every industry has its own nuances. We take that into consideration and approach business solutions with the specific lens required of your field. Our teams are comprised of talent with relevant experience and we’re prepared to meet every challenge.
Join us for a special live recording from the ONE building in downtown Greenville, SC, as we celebrated our 400th episode with a live audience!
AI and fraud risk management in financial processes: Rethinking internal controls
Learn how stronger internal controls, AI governance, continuous monitoring, and fraud risk management help organizations prevent, detect, and respond to emerging threats.
Inside the Psychology of the Presidents Cup
In this week's Growth Spurt, Dr. Drew Brannon takes us inside the Presidents Cup, breaking down the unique formats, traditions, and team dynamics that make the event so compelling.
Driving enterprise value in construction: A practical framework for owners
Learn the five drivers of construction enterprise value and how owners can increase valuation, reduce risk, and prepare for succession or sale.
The Cost of the Wrong Hire
A bad executive hire costs far more than a salary; it can erode culture, stall momentum, disrupt strategy, and create a ripple effect throughout an organization.
Every industry has its own nuances. We take that into consideration and approach business solutions with the specific lens required of your field. Our teams are comprised of talent with relevant experience and we’re prepared to meet every challenge.
Join us for a special live recording from the ONE building in downtown Greenville, SC, as we celebrated our 400th episode with a live audience!
AI and fraud risk management in financial processes: Rethinking internal controls
Learn how stronger internal controls, AI governance, continuous monitoring, and fraud risk management help organizations prevent, detect, and respond to emerging threats.
Inside the Psychology of the Presidents Cup
In this week's Growth Spurt, Dr. Drew Brannon takes us inside the Presidents Cup, breaking down the unique formats, traditions, and team dynamics that make the event so compelling.
Driving enterprise value in construction: A practical framework for owners
Learn the five drivers of construction enterprise value and how owners can increase valuation, reduce risk, and prepare for succession or sale.
Leaders asked Elliott Davis: “Can you help us improve visibility into financial performance to support decision-making?”
Context
Personal injury and accident law firm
Goal is to be the number one firm in the state of South Carolina
Firm was leveraging an external firm to manually prepare weekly management reports
Utilizing MS Excel and PowerPoint to share critical information
Needed further visibility into metrics from closed cases, including duration and revenue to enable improved forecasting
Our Approach
Used Enterprise Resource Planning (ERP) data to create monthly financial presentations
Defined averages of three legal categories: Civil, Defense, and Associated
Calculated data sets to forecast revenue based on pipeline (predictive analytics)
Developed detailed dashboards with trend analysis by type and attorney
Additionally developed automated MS Power BI management dashboard to improve operations
Client Impact
Improve insight into staff (attorney and manager) performance
Gained ability to forecast based on pipeline
Enhanced insight into short-term financial performance
Ability to complete trend analysis of revenue by type of case and attorney
Visibility into case key performance indicators (KPIs) for duration and revenue
Eliminated expense to external firm for weekly reporting
We Can Help
For more information on how Elliott Davis can assist you and your business, contact a member of our team below.
The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.
