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Timeslips vs TimeSolv: Comparison of Leading Law Practice Management Software

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Lawyers who have been in the practice for decades are most likely using Timeslips to manage their hourly billing. This app is the most common legacy solution in this space. Another law practice management software solution that has been around for a while now and has proven its name in the industry is TimeSolv, which stands out as one of the best alternatives to Timeslips. But is it? Let’s find out.

Here’s our comparison of  Timeslips and TimeSolv time-tracking apps, focusing on both their strengths and weaknesses.

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A detailed comparison of two leading time tracking and billing automation solutions, Sage Timeslips and TimeSolv, couldn’t have been more timely. In our Timeslips vs. TimeSolv comparison, we will walk you through the essential features of each software, along with any possible limitations they may have.

While Timeslips and TimeSolv may not figure prominently among the biggest names in time tracking software, they stand apart from their more prominent competition for their special application in law firms. Why is this so? Read on, and you will find what’s unique about each tool. If you’re looking for a more generalized time-tracking app that’s not dedicated for law firms read our top 20 time-tracking software list.

What is Timeslips?

Timeslips from Sage is a legacy law practice management software but it can be used to bill your clients for expenses and time rendered for any professional services. You can set up Timeslips to automatically track time expended and link each record for any client. The software will capture each client’s bill cycle with helpful entries on running interest from unsettled payments.

The award-winning billing solution runs on the Windows platform and delivers web service through eCenter. Timeslips provides access to Litigation Advisor 1 and LEDES 98B along with billing formats standard to the industry. It allows for multiple billing arrangements, with task and expense list that you can customize for each client. Likewise, it comes with more than one hundred report templates, with full customization option.

Sage Timeslips is the most famous legacy time-tracking solution, which provides strong support through accredited professionals who are available anytime, with an additional resource center and knowledge base to help you get the most of the software.

What is TimeSolv?

Arguably, TimeSolv is the number one alternative to Timeslips. Like Timeslips, TimeSolv is an award-winning time tracking and billing software primarily focused on meeting the special requirements of attorneys and other professionals. Unlike Timeslips, TimeSolv is a completely cloud-hosted solution, thus requiring no initial investment in hardware and software licenses. With an internet connection, a desktop computer or any mobile device, you are good to go with the application just about from anywhere and at any time. It’s this deployment difference that allows TimeSolv to offer a seamless migration path for Timeslips users who would prefer a more modern web-based billing implementation, by making it possible to convert Timeslips data to TimeSolv in one go.

TimeSolv does everything that Timeslips does, with the additional benefit of a project management tool that allows you to coordinate budgets, users and tasks more effectively. While TimeSolv meets all the billing needs of any business type, over the years it has made itself the platform of choice of law firms through stringent LEDES billing and trust accounting. Its tight partnership with LawPay allows clients to settle bills online with complete confidence. The software also provides conflict management to resolve issues quickly before they take up more resources than necessary.

Should you want to investigate the platform firsthand, you can easily do so when you can sign up for the TimeSolv free trial here.

Comparison of Pricing

Heading our Timeslips vs TimeSolv comparisons is the matter of pricing, which is especially essential if you are coming from a limited budget and want to optimize your purchase of a time tracking software.

Sage Timeslips offers a 30-day free trial for the software. Beyond that, the basic price is offered at $25 per user per month. The price gives you access to the latest software and product updates and free access to premium support. Meanwhile, their website also shows the annual subscription costs $690 per year. An additional subscription is at $250 per user. For non-subscription, Sage also has packages of $921.59 for 1 user, $1844.37 for 3 users, and $2767.15 for 5 users. Since the plans of Sage Timeslips vary (and can be confusing), it’s best to contact the vendor and clarify which plan is best for you.

TimeSolv provides more detail for their pricing.

The first one, Legal Pricing Plan, is offered either as a monthly or yearly plan. The monthly subscription is fixed at $34.95 per timekeeper, while the annual subscription goes for less at $31.46. The total annual price is $377.52. There is no contract required, and canceling any monthly plan at any time does not require you to pay a penalty.

Both plans come with free one-on-one training and support, free upgrades and a dedicated account manager. Other notable features include:

  • Unlimited clients and matters
  • Unlimited document storage
  • Standard industry formats in the form of LEDES 1998BI, Chubbs and Litigation Advisor
  • Six options for defining hourly rates as well as the option to create recurring expenses

TimeSolv provides a free 30-day trial for this plan.

TimeSolv’s Pro Pricing Plan is noticeably lower, for just $19.95 for a monthly subscription or only $17.95 for the annual subscription for a $215.40 total annual fee. Both plans come with 25+ report forms and let you create multiple billing templates. As with the Legal Pricing Plan, Pro Pricing Plan does not oblige you to sign a contract. Likewise, you may cancel your subscription anytime without fear of accruing a penalty fee. TimeSolv also includes a one-on-one training package with the Pro Pricing Plan.

Lastly, TimeSolv provides a complete Outsourced Legal Billing Plan which is expressly developed for attorneys who want to focus more on their law practice rather than spend precious time on chasing after invoices. The pricing table for this plan show separate pricing rates for standard billing and e-billing services, but both include automatic data backup, an option for self-hosting, and data conversion.

Winner: TimeSolv. Timeslips has various plans offered that can be confusing due to the lack of consistent information provided. TimeSolv, on the other hand, is transparent with its pricing from the outset, which gives you less item to cross out on your shopping journey.

Comparison of Deployment

Another crucial component of our Timeslips vs TimeSolv comparisons is the subject of deployment, as the two platforms distinctly differ from each other in this regard.

While Timeslips has eschewed the perpetual licensing model in favor of a subscription-based pricing, it does not do away with the other disadvantages typical of legacy systems: additional incurred cost in the form of purchasing and setting up hardware and network infrastructures, the need to maintain a dedicated IT staff, and the installation, operation and maintenance cost required to keep both software and hardware flawlessly functioning as required. Timeslips has also seen the virtue of telecommuting with its eCenter, but the service is limited to posting information that you need to produce first with your on-premise desktop application.

TimeSolv, on the other hand, is a web-hosted SaaS application bundle through and through, thus there’s no need to be burdened with hardware and installation costs, even the need to requisition a portion of workplace real estate for housing the hardware and personnel to man it. As with any cloud-hosted solution, the platform is accessible through any device from anywhere and anytime, in real time. Hands down, TimeSolv holds the upper hand in this department.

Winner: TimeSolv. On-premise deployment may still work for special cases, but SaaS on the cloud is where businesses are heading for obvious reasons.

Comparison of User Interface

As a legacy system that’s been around for 25 years, Sage Timeslips sports a clean, clear interface typical of how Windows renders dialogue boxes. The main menus are easily accessible on top with a slew of icon shortcuts right after the menu bar. It’s a presentation that should not be an issue with those who are comfortable with the interface visuals, but one that new users will not be very fond of.

On the other hand, TimeSolv as a product of modern times has all the look and feel that will appeal to any user, with a simple, well-organized interface that does not overwhelm the senses with buttons and icons here and there. The drop-down menus are serenely sitting on an uncluttered bar, with a non-intruding calendar on the left side and the crucial fields right on the right, for time entry.

Such well-swept interface rendition goes along well when you are mostly dealing with numbers, which can easily get tedious the more time you spend with the software of this type.

Winner: Timeslips’ user interface, while clean in the sense of how traditional desktop systems render them, is easily outdone by the modern clean interface of TimeSov, which is more striking and elegantly functional in the way today’s application designers envision them.

Comparison of Customer Support

As to be expected from two reputed brands in the billing business, both Timeslips and TimeSolv provide strong support for their customers, including:

  1. Knowledge Base (support center, training, videos). In addition, Timeslips has an active community forum where you can benefit from free insights provided by actual longtime users of the application.
  2. Professional Experts. In TimeSolv, you have an account manager/certified consultant that comes with your subscription, while Timeslips has many accredited professionals easily available for their clients. These partners, however, may bill you for services, so be clear with the vendor and partner when securing the option that works best for you.
  3. Phone Support
  4. Email
  5. Live Chat

Winner: Both are even in this category. Timeslips’ customer service is part of the reason it has gained such wide following throughout the years, and TimeSolv has clearly taken a page from the serious players in the industry.

Comparison of Integration

We turn to integration in our Timeslips vs TimeSolv comparisons. As part of the vast Sage software complex, Timeslips readily integrates with Sage’s other software offerings, including Sage 50, Sage DacEasy, Sage BusinessWorks, Sage Payment Solutions and Sage Exchange. Timeslips also has a long-running integration with MS Outlook, as well as stable connection to Intuit QuickBooks and Amicus Attorney. For secure payments, Timeslips can be seamlessly linked with LawPay.

TimeSolv, on the other hand, has partnered with CPACharge, AffiniPay as well as LawPay for secure and seamless payments. For additional accounting capabilities, which is usually a given for billing software, TimeSolv gives you the option to use Xero Accounting, QuickBooks or AccountEdge (formerly MYOB). TimeSolv’s QuickBooks integration is a custom-built two-way integration for both QB Online and QB Desktop. Hence, you can ensure seamless integration between systems. For document and email management, you may opt to add NetDocuments and for storage, there’s a tight integration pathway for Dropbox.

Winner: Roughly even, with qualification: If you are already a long-time Sage client, you will find Timeslips’ integration with other Sage applications more seamless. TimeSolv is no slack in this category too, with winning integrations with the applications that you will most likely need.

Comparison of Time Tracking

As a fully web-based solution, TimeSolv lets you execute the core operation of time tracking just about from any place as long as and you have a reasonably capable mobile device on hand, from laptop to tablets or mobile phones. In fact, you can continue tracking time on your mobile device even with no internet connection. This is crucial when you are in locations with weak or no internet access. You can input the time entries in real time and sync the data when connection is restored. Making time entries offline is also available on your computer using the desktop widget called TimeSync.

You can run as many timers as you need to manage multiple tracks in real time. A handy feature is letting you use unique abbreviations for each client, to spare your staff confusion during data entries. You can set a specific budget for a task so your staff will know how many hours could be allocated for that project.

Timeslips, on the other hand, is capable of voice to text data capture. This is quite handy if you are more comfortable using voice instructions rather than laboring with the keypad physical or virtual. The application also makes it possible to pull in account details from any source and automatically convert them to your account entry database, sparing you from what could possibly be long hours of manual, error-prone work. Your staff can sit on their workstations and proceed directly to their tasks without minding their time consumption, as Timeslips captures time used automatically. As for task and expense lists, Timeslips lets you customize them so you can organize your work more effectively.

Winner: TimeSolv, for its overall easier accessibility via cloud implementation and offline capability.

Comparison of Billing

TimeSolv uses billing templates that you can then send via email, snail mail, or arrange for TimeSolv to email for you. You may opt to edit entries straight on the draft bill. TimeSolv gives you access to industry-standard electronic forms like LEDES 1998BI, Chubbs or Litigation advisor and applies tax computations and discounts that you have reserved for specific clients. The application is capable of sending batch invoices by the click of a single button.

Timeslips relies on Electronic Data Interchange (EDI) interfaces to service corporate clients who demand that invoices sent to them are formatted in a specific way. Timeslips gives you access to many of these electronic formats, from Chubb Legalgard, LEDES 97&98, to TymeMetrix and Vik Brothers Legalgard. And as previously mentioned, the application is tightly integrated with Outlook, so sending your invoices via the email software is fast and easy. Of course, you can also send your invoices via other email applications.

Winner: Let’s call this even. If you’re a lawyer who has corporate clients, Timeslips’ EDI execution is unparalleled. TimeSolv has a wider application for businesses that have not yet attained such behemoth status.

Comparison of Reporting

The hallmark of great software is an ability to give you key information about your business that affects its overall health. This allows you to key in on either the big picture or specific areas that you need to improve, as well as address laggards before things get out of hand, which can often happen quickly.

TimeSolv allows you to generate 31 distinct reports that you can then view or share in 10 formats including Word or PDF. For example, you can produce a report to find out who among your timekeepers is consistently giving you solid profit margins, look up your accounts receivable organized according to client or discover whether costs are being kept to optimum to support a given budget, and so on. Invoices have 6 report types to choose from, including trust banking and long-overdue invoices. You may look up how many hours are missed by your time trackers, find patterns in task summaries as well as expense and time entries.

Timeslips, on the other hand, gives you more than a hundred particular reports to choose from. You can also zero in on any particular detail not covered by the predefined reports by creating a customized report as you see fit. To make the process a painless, hassle-free procedure, Timeslips provides a report wizard to guide you each step of the way.

Winner: Just about even. TimeSolv is intuitive and powerful enough for any business, while Timeslips’ years of field experience shows in the depth of its analytical functions.

Why do you need time tracking software for law practice management?

When it comes to time tracking and billing, two situations stand out. The first concerns the general state of affairs, while the other one involves the situation of law firms.

In an age when SaaS applications are gaining wider acceptance, it’s easy to assume that organizations would find time tracking software and billing solution among the first types of application to incorporate into their operations, for the simple and obvious reason that where workplace is concerned, time is practically equivalent to money, the use or misuse of which directly affects revenues and incomes. And yet, this is hardly the case.

In a recent survey conducted by TSheets (QuickBooks), an astounding 38% of respondents said that they are still using manual systems like paper time cards and traditional punch clocks to track their time. This is in direct contrast to about 25% who said they are using a time tracking software. While admittedly nobody expects every organization to keep up with technological trends, this is still a very large number by any reckoning.

In the case of law firms, the situation is no less dire: if anything, it’s almost a mirror image of the situation at large, with attorneys identifying time management and billing as their biggest challenge at a whopping 34%, which closely follows the difficulty of getting new clients. This is not all. More worrying still is how, as the image below shows, law firms collect only 71% of the services they perform, with 39% of them accumulating balances that are overdue.

Additionally, lawyers spend 2–4 hours per week doing manual time entry, which means lawyers are losing as much as 15 hours of billable time on any given month due to poor timekeeping. It’s a stark reminder of how our attorneys could be among the paupers marching up the neighborhood if they were instead employed in other forms of livelihood with a much lower hourly rate.

Source: Rocket Master

What is unfortunate is that all these challenges could easily be reined in with reliable law practice management software applications capable of automating as much as 23% of a lawyer’s job.

Final Verdict

As a legacy solution that has earned its name through a simple but robust expense and billing software, Timeslips’ core time tracking and invoice functions have not faded with age, and despite the influx of new powerful solutions in the SaaS domain. Its provision of comprehensive EDI interfaces ensures that you can offer quality service to the most demanding firms out there. Likewise, its reporting capability is not shabby too, able to handle the most data-intensive analysis in real time to provide the first line of business insight to help you chart the next course for your business.

However, much of the industry is moving forward in another direction, and for time tracking and billing especially for law firms, TimeSolv is more equipped to be with your business for the far longer time coming. The Saas model is winning the deployment wars for the very simple reason that it makes sense, offering business a way out of costly and time-consuming logistics, with all the proven benefits of anytime anywhere cloud-hosted applications. There is hardly any core function that Timeslips offers by way of legacy installation that TimeSolv does not also provide, and it is easier to update to upgrade over time while incorporating the latest useful technologies. This rightly justifies how the vendor is positioning itself as the rightful transition path to Timeslips, offering a seamless conversion of Timeslips data into TimeSolv for those who want to do migration without the headache.

In the end, the best way to gauge this app is to try it for yourself. You can easily sign up for a TimeSolv free trial here.

Category: B2B News

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