About Iridium BI

Iridium BI is a business intelligence software designed to help legal firms analyze financial data and other business metrics to streamline query processing and profitability analysis using a range of modules. The GL module enables organizations to handle expenses and generate reports using general ledger data, accounts payable (AP) sub-ledger data, balance sheets, income statements, and trial balances, and view financial performance through graphical and numerical data representations.

The revenue module in Iridium BI allows managers to calculate billable hours, maintain invoices, write-offs, and disbursements, and track the performance of teams, partners, and working attorneys via role-based dashboards. The cube-based financial analysis and reporting functionality lets enterprises track and analyze profits, and filter the data based on clients, responsible partners, matters, department, or office. The module also supports data processing from external sources to help improve pricing and identify high and low performing departments.

Iridium BI offers a matters module with a plan editor, which allows legal professionals to design and approve matter plans using existing case templates, create ad-hoc queries, monitor performance, and receive alerts when matters deviate from devised plans.

Devices

Business size

S M L

Images

Iridium BI dashboard
Iridium BI financial analysis
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Features

Total features of Iridium BI: 46

  • Activity Dashboard
  • Ad hoc Analysis
  • Ad hoc Reporting
  • Alerts / Escalation
  • Alerts/Notifications
  • Automatic Billing
  • Billable Items Tracking
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Collaboration Tools
  • Customizable Reports
  • Customizable Templates
  • Dashboard
  • Dashboard Creation
  • Data Capture and Transfer
  • Data Connectors
  • Data Import/Export
  • Data Visualization
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • General Ledger
  • Graphical Data Presentation
  • Income & Balance Sheet
  • Invoice Management
  • KPI Monitoring
  • Key Performance Indicators
  • Payments Disbursement
  • Performance Management
  • Performance Metrics
  • Price / Margin Management
  • Private Dashboards
  • Profitability Analysis
  • Progress Reports
  • Project Management
  • Reporting & Statistics
  • Reporting/Analytics
  • Search/Filter
  • Status Tracking
  • Summary Reports
  • Template Management
  • Time Tracking
  • Trend / Problem Indicators
  • User Management
  • Visual Analytics

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Reviews

Overall rating

4,6 /5
(15)
Value for Money
4,6/5
Features
4,6/5
Ease of Use
4,5/5
Customer Support
4,8/5

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Showing 5 reviews of 15
Jeffrey l. F.
Overall rating
  • Industry: Law Practice
  • Company size: 51-200 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Easy to Install and then put to Use

Reviewed on 2018/12/21

It works fast as advertised. It is customized for our members and we get a lot of use out of it.

It works fast as advertised. It is customized for our members and we get a lot of use out of it.

Pros

From the install to using the software. This produce has exceeded my expectations. People at Iridium were great to work with. Product is great and easy to use and understand.. WE have it boot up to each members computer when they sign on each day.

Cons

Cost, always, but it is reasonable. I like the profitability module the best. It allows us to look at profitability in many different ways very easily.

Response from Iridium Technology

Jeffrey - thank you for your positive comments. We also enjoy working with your firm!

Kevin E.
Overall rating
  • Industry: Law Practice
  • Company size: 1 001-5 000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

A BI Platform that everyone should have

Reviewed on 2018/12/20

Iridium's support team is great. They are interested in your business, working with you to satisfy...

Iridium's support team is great. They are interested in your business, working with you to satisfy all of your needs. They are responsive and smart people. Their business model and approach (e.g. the "anti-vendor") is a unique perspective that permeates through their culture and makes it a pleasure to deal with them.

Pros

BI platforms are a must in managing your law firm. Iridium's solution is the most comprehensive that I've seen on the market, while keeping it manageable to use. Not only using their dashboards, but also tapping directly into their proprietary cube with Excel allows you and your analysts an infinitely flexible tool to garner business trends, issues, and other insightful analyses. It more than pays for the annual subscription in terms of efficiency and savings in running our business.

Cons

As with any BI platform that tries to meet all client needs, a dashboard needs to be configured specifically to your firm's needs. Presenting too much data makes it hard to see what's important. You need to spend the time to configure it properly.

Response from Iridium Technology

Kevin - thank you for your positive comments. It has been a pleasure working with you and your team.

Michele P.
Overall rating
  • Industry: Legal Services
  • Company size: 51-200 Employees
  • Used Other for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 5.0 /10

Iridium BI Review

Reviewed on 2018/12/20

It is a useful tool once we get fully operational. The support rep is phenomenal.

It is a useful tool once we get fully operational. The support rep is phenomenal.

Pros

Support techs are great and knowledgeable.

Cons

Its a lot of data and really need the time to get this up an running. Due to the time needed, costs can add for little use of the system.

Paul G.
Overall rating
  • Industry: Law Practice
  • Company size: 201-500 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 10.0 /10

Iridium BI - The value is there!

Reviewed on 2018/12/26

What issue did we have? Too many paper reports, time wasted by accounting providing information to...

What issue did we have? Too many paper reports, time wasted by accounting providing information to individual stakeholders, and no easy view for management to see the overall picture from a revenue perspective. Iridium answered all these issues and overtime the usage has increased and stakeholders are able to review up to date information that they can act upon and therefore increase their changes of hitting budget. The value is there!

Pros

Once Iridium is implemented the ease of use is intuitive. If you spend plenty of time in the system you will be amazed at the functionality and information it provides right at your fingertips. When I compare to the general ledger package and the non intuitive nature to extract information Iridium is the definition of what BI should accomplish.

Cons

Purchasing in modules vs an all in package vs Revenue solely. This was a function of Iridium being new on the market and the uncertainty of how the software was to be used.

Kitty S.
Overall rating
  • Industry: Law Practice
  • Company size: 201-500 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Overall Product

Reviewed on 2018/12/20

The reports available in the accounting software we are using are very difficult to customize and...

The reports available in the accounting software we are using are very difficult to customize and repeat the same information in multiple rows. For example a WIP report will be 45 pages instead of three. The options to add additional columns is not available in the accounting software. Iridium's team worked with our firm to show all of the information we wanted to see on one line per client. We have worked with Iridium to produce many specialized reports.

Pros

The software is very customizable. The Iridium team work with you the customize the dashboards for the company. We needed very specialized reports designed and the cost to prepare the reports was very reasonable.

Cons

The con is not specifically related to the software, it relates more to the ongoing changing to the team due to Iridium's rapid growth.

Showing 5 reviews of 15 Read all reviews

Iridium BI FAQs

Below are some frequently asked questions for Iridium BI.

Iridium BI offers the following pricing plans:

  • Starting from:
  • Pricing model: Subscription
  • Free Trial: Not Available

Contact Iridium Technology for pricing details.

We do not have any information about Iridium BI features

Iridium BI has the following typical customers:

Self Employed, 2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

We do not have any information about what languages Iridium BI supports

Iridium BI supports the following devices:

We do not have any information about what integrations Iridium BI has

Iridium BI offers the following support options:

Email/Help Desk, Phone Support, 24/7 (Live rep)

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