Specifically, regarding data, TeamConnect enables management to gather historical and trend data on spending, provides continual monitoring of budgets versus actuals, and allows insight into firm performance using key metrics, including cycle time and resolution amounts.
Afshin Behnia, Mitratech CEO was quoted as saying in the press release: ''Increasingly, we're seeing budgeting accuracy and effective budget management as criteria General Counsel are using to measure attorney performance. In-house counsel is now being asked to make some very important strategic business and financial decisions in addition to practicing law. We're proud to deliver the tools to help them meet those performance goals so that they can continue to focus on and excel in providing high-quality legal services to the corporation.''
David Morton, Chief Financial Officer at Mitratech was quoted as saying: ''From a finance perspective, understanding how resources are being consumed and achieving budgeting certainty are a top priority. The fact that TeamConnect Legal 3.3 not only provides the tools to help control expenses in core functions, such as legal, but also brings cost predictability to the table, greatly improves a CFO's ability to understand company spend and better manage financials.''
Mitratech is an industry leader in collaborative accountability applications including matter management, e-Billing and GRC management automation.
