After spending decades delivering industry best-practice solutions in law firms, corporate legal departments and financial service companies, we at Zenvoice observed and measured the tremendous amount of latent revenue, waste, noise and lost opportunities in and around the invoicing-to-payment process that exists between law firms and their corporate clients. The revenue cycle.

The team at Zenvoice found several problems across a law firm’s revenue cycle; Firms often discount invoices without data. Firms often require inefficient and expensive capital structures to manage the mismatched timing from billing to payment. There are few data-driven feedback loops to help improve the process and minimize operational risk. And firms typically rely on their corporate clients to “inspect in the quality” of an invoice. All of this resulting in frustration, lost revenue and lost business.