If you work in finance for a law firm, then you know how unique your accounting processes are. Due to the nature of a law firm's revenue recognition, expenses, settlements, and more, legal accounting requires both diligence and accuracy. But as you might expect, thoroughness and speed don't always work well together, especially when teams rely on traditional accounting methods and lack robust software solutions.
For law firm finance teams to become more efficient, they need more control of their data.
Litify is a legal management solution built on Salesforce. It's an out-of-the-box solution featuring workflow automation for cases, documents, billing, time tracking, and more. This one tool provides more consistency and measurable insights across various roles within your typical law firm.
Integrating Litify and Sage Intacct takes a firm's accounting operations to a new level. Below, we'll dive into the features of a Litify Sage Intacct integration, plus the costs and ROI of implementing the solution.
When working in concert, Litify and Sage Intacct provide an innovative solution that bridges the gap between legal case management and detailed financial accounting. Imagine when expenses are approved within Litify, they sync to Sage Intacct as bills, allowing your law firm to manage payments through printed checks more efficiently. This seamless workflow not only reduces administrative workload but also improves accuracy in financial transactions.
Key features:
As settlements are received, the integration generates several transactions that meticulously account for the receipt of funds, reimbursement of case expenses, and disbursement to clients. This automated process ensures that your firm's financial movements are documented accurately, enhancing trust and transparency with your clients.
Key features:
By connecting Litify and Sage Intacct, firms can enhance their auditing processes, streamline data collection, and generate comprehensive reports that offer deeper insights into financial health.
Details of bills and invoices paid within Intacct are transferred back to Litify as custom objects, creating a clear trail for reporting and audits. This synchronized view allows legal teams to verify changes made post-sync, ensuring that all records reflect the most accurate and up-to-date information.
Key features:
Software integrations come in all shapes and sizes. In most cases, the cost largely depends on how customized the solution needs to be for your use case. Additionally, finance teams should consider which method they will use to integrate Litify and Sage Intacct: (1) build it in-house or (2) work with an integration provider.
While exploring SaaS platforms, you'll typically find both free and paid integration options available directly within the application or through dedicated app marketplaces. However, exercise caution when considering integrations with sparse documentation. These often support only specific use cases and may not align with your intended workflow.
Estimated cost: Free to paid
Third-party providers have pre-built integrations, focusing on common workflows between applications. The advantage is that they've already done the heavy lifting for you by mapping fields and designing workflows, making implementation quick and straightforward.
While this approach saves time and resources, it comes with limitations–you're generally confined to the integration's predefined structure unless the developer provides options for custom field mapping.
Estimated cost: $5,000-$15,000
Custom integration costs vary based on three key factors: First, your choice of middleware or integration platform impacts the base costs. Different tools come with different pricing structures and capabilities. Second, the integration's complexity plays a major role - more sophisticated workflows, larger data volumes, and intricate business rules require more development time and expertise. Third, you'll need to factor in ongoing maintenance and support to keep the integration running smoothly over time.
While custom integrations typically cost more than pre-built connectors, they can be a smart investment. Many mid-sized companies find it more cost-effective to outsource rather than hire an in-house integration developer a $100,000+ salary. Even companies with existing developers often prefer to outsource integration work rather than pull their team away from core business projects.
Estimated cost: $20,000-$100,000+
Considering the limited availability of pre-built Litify Sage Intacct integrations, an outsourced integration provider can build the solution for your team—unless you're the kind of law firm that has in-house developers.
Since Litify is built on Salesforce, integrations between the leading CRM and Sage Intacct are common. Keep in mind, an experienced integration consultant will need to have knowledge of field mapping and the creation of custom objects in Salesforce and Intacct—plus an understanding of Litify's functionality and how teams leverage it.
The partner approach is highly recommended for firms looking to sync Litify data to Sage Intacct. Integration experts help your organization get value from each system while ensuring:
The combined power of Litify and Sage Intacct provides law firms with a comprehensive suite of tools designed to enhance financial clarity and operational efficiency. By leveraging integration and automation, your legal team can focus on its core mission while providing financial clarity throughout a client's journey.
We're no expert in legal affairs—we'll leave that to you—but we have tons of experience helping finance and accounting teams integrate Sage Intacct. In fact, Venn Technology is a 2x Sage Intacct Marketplace Partner of the Year and is a recommended integration consultant for Sage Intacct customers.
If you need a consultative approach to automating painfully mundane business processes, Venn Technology has a team of Salesforce and Sage Intacct experts ready to go. We help organizations like yours spend less time on the busy work and more time on the big picture.