IntelliStat Financial Planning (ISFP) is the first budgeting and forecasting application originally created to solely support professional services and legal firms running the Thomson Elite system. But due to its great reception in the legal market ISFP is now software independent and available to all law firms regardless of their financial system.

This robust application allows you to distribute browser-based budget entry screens throughout the firm while maintaining the data integrity of a centralized database. ISFP's unique design allows for the most detailed entry of budgeted information while still affording your firm the ability to aggregate and report on each budget at any dimension (Firm, Office, Department, Practice Group, Business Unit Project or Timekeeper) in real time.

Some of the features that make IntelliStat Financial Planning the most effective budgeting tool are:

• Fully web-based, requires only a browser and access rights to use
• Support for budget entry at any level
• Embedded support for revenue modeling on a Cash or Accrual basis
• Comprehensive support for all common fringe expense calculations such as Payroll Taxes, Pensions and Health Insurance
• Support for project based budgets
• Robust security which can be restricted to any account/segment combination
• Supports multiple versions of your budget
• Interface to export budgets back to your financial system. No more manual re-keying
• Models can be re-deployed year after year with minimal effort

Benefits

• Length of the budget cycle is greatly reduced therefore enabling your staff to analyze the numbers instead of just gathering them.
• Errors due to collecting and aggregating individual budgets are greatly reduced.
• Budget Metrics can easily be leveraged as performance targets for use in BPM initiatives (dashboards), variance reporting, or use in Attorney/Performance evaluation systems (such as IntelliStat's Partner Performance module)
• Maintenance of detailed budgets (sometimes at the timekeeper level) helps identify and explain variances to budget. This allows the professional to make more informed business decisions.