Alethi provides a cloud‑based expense management platform for law firms that automates interest tracking, invoice processing, and draw request generation. The system uses real‑time US Prime Rate data and AI‑driven document ingestion to link expenses to cases, delivering up‑to‑date reporting and faster funding for litigation finance teams.
Funding
Funding not disclosed
Founders
Product
Problem
Law firms often manage case expenses manually, requiring separate spreadsheets for interest calculations, bill entry, and draw requests. This fragmented process is time‑consuming, prone to errors, and slows fund access for litigation financing.
Solution
Alethi offers a unified expense management platform that automates the core financial workflows of law practices. The system continuously monitors the US Prime Rate and recalculates interest on case balances in real time, eliminating manual spreadsheet updates. Advanced document processing extracts data from invoices, categorizes expenses, and matches each bill to the appropriate case, reducing data entry effort by up to 90%. Draw requests are generated automatically and routed directly to the firm’s lending partner, compressing weeks of back‑and‑forth into minutes. All functions reside in a single cloud‑based interface, providing auditors and attorneys with up‑to‑date expense visibility and audit trails.
Target Audience
Primary customers are midsize to large law firms and litigation finance teams that need accurate, efficient case expense tracking and faster draw funding.
Features
- Real‑time interest tracker that syncs with US Prime Rate changes and auto‑updates case balances
- AI‑driven document ingestion that extracts, categorizes, and links invoices to specific matters
- Automated draw request creation with built‑in routing to designated lenders for rapid approval
- Centralized dashboard offering consolidated expense reporting, audit logs, and compliance checks
- Cloud‑native architecture with role‑based access control and encrypted data storage