What is TimeSolv?

TimeSolv is a comprehensive legal time tracking and billing solution designed specifically for law firms and legal professionals. Launched in 1999, TimeSolv has established itself as a leading tool in the legal industry, providing a user-friendly platform that helps legal practitioners accurately track billable hours, streamline invoicing, and accelerate payments. With a focus on usability and efficiency, TimeSolv aims to eliminate common roadblocks faced by legal practices, such as missed billable hours and delayed payments.

Features

TimeSolv offers a robust suite of features tailored to meet the needs of legal professionals. Here are some of the key functionalities that set it apart:

1. Accurate Time Tracking

• Multiple Tracking Options: TimeSolv allows users to track time both online and offline, ensuring that billable hours are captured accurately regardless of the user's location.
• Mobile App: The TimeSolv mobile app enables users to create time and expense entries on the go, even when offline, making it convenient for busy legal professionals.

2. Simplified Invoicing

• Flexible Billing Templates: Users can customize invoices to display information in a way that suits their practice, enhancing clarity and professionalism.
• Automated Payment Processing: TimeSolvPay allows firms to store client payment information securely and process payments automatically, reducing the time spent on billing.

3. Enhanced Payment Collection

• Zero Accounts Receivable (Zero AR): With features designed to improve cash flow, TimeSolv helps firms get paid faster by allowing clients to pre-authorize payments using stored credit card or ACH information.
• Integrated Payment Portal: The integrated portal offers security and transparency for both the firm and its clients, making payment processing seamless and reliable.

4. Dynamic Dashboards

• Real-Time Metrics: TimeSolv provides dynamic dashboards that give users visibility into key performance indicators, helping them track productivity and billing performance.
• Customizable Widgets: Users can create personalized widgets to display essential data points, eliminating the need to sift through multiple reports.

5. Data Security

• Cloud-Based Storage: All data is securely stored in the cloud and backed up every 10 minutes in two different locations, ensuring reliability and accessibility.
• Encryption: TimeSolv uses 256-bit SSL encryption for data transmission, providing a high level of security for sensitive information.

6. Easy Data Migration

• Seamless Transition: TimeSolv offers an easy migration process for existing and historic data, allowing firms to switch to the platform without losing critical information.

7. Support for Firms of All Sizes

• Scalable Solution: TimeSolv is designed to cater to solo practitioners as well as large law firms, making it a versatile option for various legal practices.

Use Cases

TimeSolv is applicable in a variety of scenarios within the legal industry. Here are some common use cases:

1. Solo Practitioners

For solo practitioners, TimeSolv simplifies the time tracking and billing process, allowing them to focus more on practicing law rather than administrative tasks. The mobile app is particularly beneficial for lawyers who are often out of the office.

2. Law Firms with Multiple Attorneys

Larger law firms can benefit from TimeSolv's ability to track multiple users and their billable hours. The dynamic dashboards provide insights into individual productivity, helping firm leaders manage resources effectively.

3. Billing Managers

Billing managers can utilize TimeSolv’s flexible invoicing features to create and send invoices easily. The ability to customize invoices ensures that they can meet specific client requirements while maintaining a professional appearance.

4. Firms Seeking to Improve Cash Flow

For firms struggling with accounts receivable, TimeSolv’s automated payment processing features can significantly improve cash flow. By allowing clients to store payment information securely, firms can reduce the time spent on collections.

5. Firms Transitioning from Other Software

Firms looking to switch from their current time tracking and billing software can take advantage of TimeSolv’s easy data migration process. This allows them to transition smoothly without losing important historical data.

Pricing

Pricing for TimeSolv is competitive and designed to accommodate firms of all sizes. While specific pricing details may vary, the following general structure is typically offered:

• Subscription Model: TimeSolv generally operates on a subscription basis, with monthly or annual payment options available.
• Free Trial: Prospective users can often try TimeSolv for free, allowing them to explore its features and functionalities before committing to a subscription.
• No Hidden Costs: TimeSolv prides itself on transparency, ensuring that users are aware of all costs upfront without surprise fees.

Comparison with Other Tools

When comparing TimeSolv to other legal time tracking and billing solutions, several unique selling points stand out:

1. Usability

TimeSolv is consistently ranked high for its usability, making it accessible for users of all technical skill levels. This ease of use can result in faster adoption and less training time compared to other tools.

2. Comprehensive Features

While many time tracking tools focus solely on time entry, TimeSolv offers a full suite of features, including invoicing, payment processing, and dynamic dashboards, making it a one-stop solution for legal practices.

3. Payment Processing Integration

TimeSolvPay is a standout feature, allowing firms to automate payment processing and improve cash flow. Many competing tools may not offer such seamless integration for payment collection.

4. Customization Options

The ability to customize invoices and dashboards sets TimeSolv apart from its competitors. This flexibility allows firms to tailor the software to their specific needs, enhancing overall efficiency.

5. Strong Security Measures

TimeSolv places a strong emphasis on data security, utilizing encryption and cloud storage to protect sensitive client information. This level of security is crucial for legal practices handling confidential data.

FAQ

1. Is TimeSolv suitable for non-legal professionals?

Yes, TimeSolv also offers a version called TimeSolv Pro, which is designed for professionals outside the legal field. This allows a broader range of users to benefit from its time tracking and billing capabilities.

2. Can I try TimeSolv before committing to a subscription?

Yes, TimeSolv offers a free trial for new users, allowing them to explore the software's features and functionalities without any financial commitment.

3. How does TimeSolv ensure data security?

TimeSolv employs 256-bit SSL encryption for data transmission and stores all data in the cloud with regular backups. These measures help ensure the security and reliability of client information.

4. Can I customize invoices in TimeSolv?

Absolutely! TimeSolv provides flexible billing templates that allow users to customize invoices to meet their specific needs and preferences.

5. Is TimeSolv easy to integrate with other software?

Yes, TimeSolv is designed to automatically integrate with various software, making it easier for firms to synchronize their existing systems without disruption.

In conclusion, TimeSolv is a powerful legal time tracking and billing solution that offers a wide range of features designed to enhance efficiency and improve cash flow for legal practices. Its user-friendly interface, strong security measures, and customizable options make it a valuable tool for firms of all sizes. Whether you are a solo practitioner or part of a larger law firm, TimeSolv can help streamline your operations and ensure that you get paid faster.