Read this blog to learn why Ropes & Gray chose CCH® Tagetik expert solution
Ropes & Gray is a global law firm, with 11 offices located in the United States, Asia and Europe. The firm has more than 1,200 lawyers and professionals worldwide. Ropes & Gray choose CCH® Tagetik for:
- CCH® Tagetik Budgeting & Planning
- CCH® Tagetik Disclosure Management
To learn more about how CCH® Tagetik has enabled Ropes & Gray’s digital transformation, we spoke with Ben Snietka, Senior Financial Analyst, about the challenges faced before CCH® Tagetik and the benefits gained using our comprehensive CPM solution.
How were you managing your budgeting and planning process before CCH Tagetik?
“Before CCH Tagetik, we used another solution for our overhead planning. We had three key pain points using that system. First, we didn’t have the flexibility in report building that we needed. Second, we couldn’t drill through data to better understand our results. Third, we completed revenue and cost of service planning entirely in Excel. That was the most significant pain; it was a manual and very time-intensive process. Just to build those models every year, it took a full FTE’s worth of work.
What are the main challenges that you face in managing your financial processes?
At Ropes & Gray, we have a very unique way of planning, maybe even unique to other law firms. We really have to start by understanding the attorney FTE that we have, our lawyers drive billable hours and, therefore, revenue. Any revenue planning that Ropes & Gray does starts with understanding that attorney population. Ultimately, we want to aggregate that population into various buckets and use those to apply demand or activity assumptions.
What set CCH Tagetik apart from other vendors?
CCH Tagetik meets our unique planning model’s needs. The system is very flexible. It allows us to build our plan on a per-lawyer basis and then apply demand on activity assumptions to various cuts of that population. While went through a series of demonstrations from an array of vendors, CCH Tagetik recreated our models in those demos. This gave us confidence that we could take our nuanced way of planning and apply it in CCH Tagetik, above other competitive systems.
How does CCH Tagetik benefit you and your team?
With CCH Tagetik’s, we now have a streamlined, automated, more accurate and flexible revenue model. We’re no longer managing models in Excel, as we did before. CCH Tagetik has made the process shorter, and we have more confidence in our outputs. By far, that’s been the biggest win for our team.
Do you want to watch the full video interview? Click here.