Oddr is an AI-powered invoice-to-cash platform designed specifically for law firms, centralizing and automating the entire billing lifecycle from bill creation to collections and reconciliation. By addressing inefficiencies in billing processes, Oddr reduces days sales outstanding (DSO) and enhances cash flow visibility, ultimately increasing profitability and client satisfaction.
Funding
$2M 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.
SCTVFounders
Product
Problem
Law firms often face challenges with inefficient billing processes, including manual bill preparation, cumbersome delivery methods, and difficulties in tracking client payments. These inefficiencies lead to delays in revenue collection, increased administrative overhead, and reduced visibility into cash flow.
Solution
Oddr provides an AI-powered invoice-to-cash platform designed to centralize and automate the entire billing lifecycle for law firms, from invoice creation to collections and reconciliation. The platform streamlines bill preparation for various formats, automates bill delivery with tracking capabilities, and simplifies collections through automated reminders and integrated electronic payment options. By integrating with practice management systems and providing intelligent operational analytics, Oddr enhances cash flow visibility, reduces days sales outstanding (DSO), and improves client satisfaction. The platform's AI capabilities offer advanced modeling and forecasting, enabling law firms to eliminate revenue leakage and increase profitability.
Target Audience
Oddr primarily targets law firms, particularly Am Law 200 firms, seeking to modernize their revenue cycle management, improve cash flow, and enhance client satisfaction through streamlined billing processes.
Features
- Centralized platform for managing the entire invoice-to-cash lifecycle
- AI-powered automation of billing, collections, and reconciliation processes
- Streamlined bill creation for paper, PDF, and electronic billing formats
- Automated bill delivery with client tracking and notifications
- Automated, rules-based reminders and internal escalations for collections
- Integrated electronic payment options for simplified client remittances
- Automated data integration with practice management systems
- Intelligent operational analytics for enhanced cash flow visibility and forecasting
- Customizable dashboards for billing staff and firm management
- Rules-based validation and exception management