NETsolutions Asia releases TaBS Time and Billing and Practice Management system designed for Hong Kong and Asia based Law and Accounting firms. TaBS has been designed to improve profitability of adopters via more accurate time keeping, timely billing, reduced administrative costs and increased cash collections.
Hong Kong - 14th June 2010. NETsolutions Asia releases the next generation Time and Billing system for Law and Accounting firms based in Hong Kong and around the Asian region. TaBS has been designed with Web 2.0 technology and can be hosted on-site or as an appliance and hosted off-site in a data centre. The modules available with TaBS includes Time Keeping, Office and Out of Pocket Expense Tracking (Disbursements), Matter / Job Management, Billing, Receipts, Client and Contact Management, Notes and Memos, Documents, Case and Trust Account Management. In addition TaBS supports multi-currency and can support all Asian languages including Chinese, Korean and Japanese.
The Billing module supports client centric billing, anticipation and cross department billing. As many professional firms consist of more than one legal entity, cross company billing is supported with the automated generation of all appropriate postings for the general ledger of each entity. A key feature of TaBS is the ability to deliver real time reports to partners and fee earners via the TaBS Dashboard. From here a fee earner or timekeeper can track their to-do-items, news items via the built-in blog and data analysis such as the aging of WIP and debtors as well as key staff KPI productivity reports.
Data analysis available on screen and in printable reports will differentiate TaBS in the market. Risk management is supported by providing the facility to perform conflict of interest searches, view on-screen the total exposure to a group or related client matters, percentage of WIP and receivables per partner. NETsolutions Asia promises to deliver increased profits and cash flow to firms adopting TaBS through more accurate time keeping of fee earners, less administration costs relating to bill generation and cash collection.
TaBS is available now and starts at US$2000 p.a. for the first two fee earners and US$500 per fee earner p.a. thereafter. Discounts available for firms with more than 50 fee earners. About NETsolutions Asia : NETsolutions Asia provides solutions to Law Firms and Accountancy firms in Hong Kong and around Asia. Details of solutions are available on our web site www.thelawfirm.com.hk and www.tabs.com.hk. TaBS joins solutions for Trademark management and Document Management for Law Firms from NetDocuments, email from Google Apps. TaBS Time and Billing System Released in Hong Kong