Laurel
The AI Time platform helping firms increase profit and make timekeepers happier.
Description
Laurel is an advanced AI Time platform specifically engineered for enterprise professional services firms, such as those in accounting and legal sectors. It leverages artificial intelligence to automate the often tedious process of timesheet creation, thereby saving professionals significant time each week and helping them recapture potentially lost billable hours. The platform employs Desktop and Cloud assistants to reliably and comprehensively collect digital work data, eliminating the need for professionals to reconstruct their schedules from memory.
Beyond time capture, Laurel offers sophisticated work data analytics, providing firms with a detailed understanding of both billable and non-billable activities. These insights enable organizations to make informed decisions regarding profitability, effective pricing strategies, and capacity building. Security is a core component, with Laurel being SOC II Type II certified and HIPAA compliant, utilizing firm-specific AI models to ensure data privacy and giving timekeepers full control over tracked information.
Key Features
- Timesheet Automation: Utilizes AI to automatically generate timesheets, saving time and recovering lost billable hours.
- Digital Work Collection: Employs Desktop and Cloud assistants to reliably capture billable work activities.
- Work Data Analytics: Offers a comprehensive view of billable and non-billable time for insights into profitability, pricing, and capacity.
- Narrative Writer Pro™️: AI-powered generation of detailed billing narratives.
- Smart Work Coding™️: AI assistance in accurately coding different types of work entries.
- Smart Work Assignment™️: Provides suggestions for assigning work based on data.
- Enterprise-Grade Security: SOC II Type II certified, HIPAA compliant, and adheres to GDPR and relevant privacy laws.
- Firm-Specific AI Models: Deploys AI models trained exclusively on individual firm data for enhanced privacy and relevance.
- User Control: Allows timekeepers to configure tracking settings and maintain sole access to their work history.
Use Cases
- Automating time tracking and timesheet creation.
- Increasing the capture of billable hours.
- Analyzing firm profitability and operational efficiency.
- Improving realization rates for billed work.
- Optimizing pricing strategies based on actual time spent.
- Streamlining accounting practice operations.
- Managing legal timekeeping and compliance demands.
- Reducing manual administrative work for timekeepers.
- Gaining insights into team capacity and utilization.
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