LOS ANGELES, January 27, 2010 -- Chrome River Technologies, a leading provider of expense reporting and spend management solutions for law firms and professional service organizations worldwide, announced today that that in fewer than 24 months since the launch of Chrome River EXPENSE in the midst of a challenging economy, 13 of the Global Top 50 law firms have subscribed to the service, contributing significantly to the more than 50,000 individual users accessing Chrome River from 13 countries around the globe.
In today's economic climate, it makes sense that Chrome River's ability to improve operational efficiencies and help avoid, reduce and recover more costs would have vast appeal to the world's largest law firms conducting business internationally. However, small and large professional service organizations as well as domestic firms with as few as 15 professionals are also reaping the benefits of the online service.
The expense reporting and reimbursement process is one of the largest categories of controllable spending that's not yet automated, according to the Aberdeen International Research Group. Previously, the expense reporting process in a law firm environment required a very specialized feature set that has now been directly incorporated into 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 law firms and have brought this knowledge forward to create a service designed to serve these specific challenges.
When asked about Chrome River's single best selling point, the Director of Finance at one Global Top 50 firm responded, "The term that sums it up for me is 'simplification'. It simplifies the whole process. It's highly efficient. My AP clerks don't have to come to me with handwritten reports and say, 'Is that a four or a nine?', 'What is this word?', 'Where did they eat this meal and who were they with?', 'Is that allowable?'. Chrome River takes all the guess work out, forces the lawyers to be crystal clear on where they put their money and allows us to effortlessly reimbursement them."
Another Global Top 50 firm finance director explained, "The reason we could never do this before was because no one understood how a law firm worked. The Chrome River folks just get it."
"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 such as Aderant, Barrister, Deltek, Elite, Rainmaker and others. 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.
About Chrome River
Chrome River Technologies, Inc. provides the only online expense reporting and spend management solution designed specifically for law firms and professional services organizations. Utilizing the latest "Software as a Service" technologies, Chrome River Expense delivers immediate payback via a service delivery model that requires no hardware, no software, and no long-term commitment. This unique service is tailored for all of the specialized requirements of professional services organizations and allows firms to quickly solve the many issues of expense reporting, compliance, routing, approvals, receipt imaging and billing integration. Additional information about Chrome River Technologies, Inc. and its solutions may be obtained by phone at 1.888.781.0088 or by visiting the company website at [url=http://www.chromeriver.com]http://www.chromeriver.com[/url].