Chrome River Technologies, a leading provider of expense reporting and spend management solutions for law firms and professional service organizations worldwide, have announced that eight of the Global Top 50 law firms have subscribed to their service in just the first year since launch. After unveiling their new expense reporting solution last June, law firms and professional services organizations from 15 lawyers in size up to several thousands in size have subscribed to the online service.
In today's economy, businesses in all markets are looking to improve operational efficiencies and control or even eliminate certain costs. The expense reporting and reimbursement process can play a significant part in this process and automation has been widely adopted over the past couple of years by corporations around the globe. Previously however, the expense reporting process in a professional services environment required a very specialized feature set that has now been directly addressed by Chrome River Expense. Chrome River's founders and other team members have decades of experience individually with financial and practice management solutions designed to meet the business needs of these firms and have brought this knowledge forward to create a service designed to serve these specific challenges.
"We are very excited about the positive response from the market and the overwhelming confirmation that we have delivered a solution that is both timely and precisely fits the needs of these specialized businesses", stated Dave Terry, co-founder and COO for Chrome River. "The immediate validation from these well-respected organizations supports our belief that we have created something truly unique and meets the needs of firms both large and small."
Delivered as an online expense reporting service, the Chrome River Expense solution allows firms to very rapidly implement and enjoy the benefits quickly for an immediate return on investment. The solution is delivered from a pre-configured data center that has all of the integrated servers up and running to support receipt imaging, credit card downloads, business policy controls, configurable automated routing, email and offline capabilities, and direct integration to many of the world's leading practice management billing systems. The low start-up costs and minimal impact on a firm's IT resources make it a solution that can provide tangible benefits and hard cost savings to professional services organizations almost immediately.
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