Hartford, CT (ContentDesk) November 6, 2005 — CT TyMetrix (www.cttymetrix.com), the market leader in Web-based management solutions for corporate law departments, claim organizations and law firms, today announced the addition of powerful budgeting and forecasting features to its TyMetrix 360 integrated e-billing and matter management platform.
More importantly, it allows the corporate legal and claims departments to monitor and control case costs. TyMetrix 360s new budgeting feature gives companies the ability to clearly view budgets across their entire organization at both the matter level and law firm level. It provides users with pre-configured templates based on their unique departmental structure, which can be used to create budgets for individual matters and law firms. Once created, financial information can be sorted by line item, fee and expense, task code or phase.
Creating and managing budgets is essential for complete litigation management, said Kurt Swanke, senior product manager at CT TyMetrix. Many management factors are reliant upon efficient budgeting, including the selection of appropriate counsel, use of effective plans of action, and expense control disciplines. By capturing and using historical electronic invoice data in the CT TyMetrix system, in-house counsel can create better and more thorough litigation budgets. Only CT TyMetrix can provide this type of financial scrutiny for important case information.


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