Invoice-to-Cash lifecycle management provider highlights new customers, new innovation, new funding, and new vision at the premier educational and networking event for the legal sector
SILICON VALLEY, Calif., August 21, 2023 – Oddr, provider of the first invoice to cash management platform built specifically for law firms, today announced that it has achieved significant milestones on its mission to enable firms to more effectively execute this critical business process.
An Acute Problem Meets the “A-Team” of LegalTech Innovation
Today, law firms face tremendous challenges efficiently managing the client bill-to-collections lifecycle. Through assessments and discovery, working with over 80 law firm advisors, the Oddr team identified several common pain points:
• Preparing bills is painful
• Delivering bills is daunting
• Collections are challenging
• Reconciliations add onerous overhead
• Process visibility is limited and obscured
The Oddr team — legal technology veterans who played leadership roles in building category-defining business intake, conflicts, time entry, information security, and financial management products — is changing this equation.
Oddr offers the industry’s first invoice to collections management platform. It centralizes, streamlines, and accelerates every step of this lifecycle — from bill creation, to bill delivery, to collections, to reconciliation. In doing so, it enables new possibilities in analytics, forecasting, and client service.
Designed to address the specific challenges, business processes, and operational needs of law firms, Oddr works with and integrates existing, internal firm “point solutions” (e.g. FMS, bill creation, e-billing tools).
The Proof is in the Profit — Customer Adoption, Customer Success
Delivered via a true cloud model, with implementation timetables measured in weeks, Oddr is experiencing enthusiastic customer adoption and fantastic feedback:
• Customer Perspective — von Briesen & Roper s.c.
“The Oddr platform helped our firm increase efficiency, visibility, and streamlined billing processes, resulting in faster payments and better payment cycle management, ” said William Caraher, CIO and Director of Operations, von Briesen & Roper.
• Customer Perspective — Ward and Smith, P.A.
“The Oddr platform represents a groundbreaking advancement in billing operations productivity,” said Jennifer Sutton, Director of Finance, Ward and Smith. “Our team has embraced the platform, as it streamlines and automates previously labor-intensive tasks, substantially increasing productivity and bringing consistency to our client communication. Consequently, we can closely monitor the invoice progress, ensuring efficient Client delivery and enhanced business function management.”
“The Oddr platform helped our firm increase efficiency, visibility, and streamlined billing processes,” added Charles Collins, Director of Information Technology, Ward and Smith. “Through its advanced automation and innovative features, we have successfully eliminated significant manual work, resulting in considerable time and resource savings. The Oddr platform's unique invoice tracking empowered our firm to optimize processes and will allow us to efficiently follow up with clients, resulting in faster payments and better payment cycle management. Remarkably intuitive, the platform required minimal training, enabling seamless integration into the firm's billing operations. The implementation of the Oddr Platform is surprisingly swift and straightforward, which allowed us to establish a fully operational environment in a few weeks.”
The Momentum is Mounting — Oddr Investment, Advancement, and Growth
With it vision validated by a growing roster of customers, and a product proven in real-world production environments, Oddr has set its sights on scaling:
• Financing the Future — In late 2022, Oddr announced raising $2 million in funding. Investors include Saama Capital, Twin Ventures, and the LegalTech fund, along with angel investors in the US, Singapore, and Germany.
• Accelerating Adoption — In May 2023, the LawTech Hub by Lander & Rogers invited Oddr to join is 2023 cohort. Focused on advising technology innovators, this program aims to support what firm chief executive partner Genevieve Collins calls: “New solutions that will help shape the Australian and global legal landscape into the future.”
• Building the Band — Oddr has assembled a team of skilled industry experts. Its three co-founders previously held senior product, engineering, and customer success leadership roles at companies including Intapp and Elite. And company is actively recruiting and hiring, with plans to double team size, from 15 to 30, over the next twelve months.
A Call to Connect — Oddr at ILTACON 2023
The Oddr team will be attending ILTACON (August 20-24 in Orlando), exhibiting in booth #207. The founder team is eager to connect with law firm technology, finance, and operational leaders interested in learning about how the solution can improve their bill-to-collections workflow.
“We’re excited to highlight our progress, spotlight recent customer success, celebrate our investments, and share more about our vision for simplifying how law firms manage the bill-to-collections lifecycle,” said Milan Bobde, Co-founder and CEO, Oddr. “Of course, the best is yet to come, as we execute our plan to streamline this complex but critical business process. We can’t wait to connect with the legal community at ILTACON — to listen closely, to learn, and to continue building a product and company that will have a major, positive impact on the legal industry.”
Today, law firms face tremendous challenges efficiently managing the invoice-to-cash lifecycle. As one finance leader put it: “It’s not really one process at our firm, it’s more like seven or eight… or maybe twelve.” Founded by legal tech veterans, who worked with IT and finance professionals at over 80 law firms to understand their specific billing lifecycle needs, Oddr is changing the equation. Oddr offers the industry’s first invoice to collections management platform. Our mission is to centralize, streamline and accelerate every step of the process — from bill creation, to bill delivery, to collections, to reconciliation. In doing so, we’re enabling new possibilities in analytics, forecasting, and client service. To learn more, visit: www.oddr.com and visit the team at ILTACON (August 20-24), booth #207.