The startup offers a timekeeping software platform that utilizes artificial intelligence to automatically generate timesheets by capturing and analyzing data related to specific matters. This technology enables legal and accounting professionals to gain insights into time allocation, resulting in more accurate and structured time reporting.
Funding
$53.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Legal and accounting professionals often struggle with manual timekeeping processes, leading to inaccurate billing, lost revenue, and limited insights into time allocation across different matters. Traditional methods are time-consuming and prone to errors, hindering productivity and profitability.
Solution
Laurel provides an AI-powered timekeeping platform that automates timesheet generation by capturing and analyzing data related to specific tasks and projects. The system uses machine learning to understand work patterns, categorize activities, and generate accurate time entries without manual input. By providing detailed insights into time allocation, Laurel enables firms to optimize billing practices, identify inefficiencies, and improve overall profitability. The platform integrates with existing practice management systems to streamline workflows and provide a comprehensive view of time utilization.
Target Audience
The primary target audience includes legal and accounting firms of all sizes seeking to automate timekeeping, improve billing accuracy, and gain insights into time allocation for enhanced profitability.
Features
- Automated time capture and categorization using AI-powered analysis of work activities
- Smart Work Coding™️ to automatically assign time entries to the correct matters and billing codes
- Narrative Writer Pro™️ to generate detailed and accurate billing narratives
- Smart Work Assignment™️ for efficient task allocation and tracking
- Billing Targets to monitor progress against revenue goals
- MyAdmin for streamlined administrative tasks related to timekeeping
- Intelligent Onboarding for quick and easy setup and user training
- SOC 2 Type II certification ensuring data security and compliance