Soluno Company Research Report

Company Overview

Name & Mission

Soluno is a user-friendly, cloud-based billing, accounting, and time-tracking software designed specifically for law firms of all sizes. Its mission is to help law firms manage their unique business needs with modern, cloud-based solutions, empowering them to increase efficiency and profitability.

Founding Information

Founding Date: No information is available.

Founders: No information is available.

Key People

Alan Tuback: Co-Founder & Operations Lead

Doug Dagworthy: Co-Founder & Technical Lead

Dean Polley: VP of Data Migration and Development

Patrick Torney: VP of Customer Success

Lauren Dagworthy: Marketing & Creative Lead

Chris Young: Director of Channel Partners

Richard Wong: VP of Sales

Rook: Director of Workplace Culture

Headquarters

Location: Toronto, Canada

Number of Employees

No information is available.

Revenue

No information is available.

Company Reputation

Soluno is known for its intuitive and customizable cloud-based legal billing and accounting solutions, best-in-class trust accounting, and integrations with leading legal practice management solutions.

Products

Product Overview

Soluno offers a comprehensive suite of features for law firms, addressing essential accounting and billing needs through a powerful cloud-based solution.

High-Level Description

Case & Contact Management: Integrate seamlessly with legal practice management solutions.

Time & Expense Tracking: Track billable and non-billable hours efficiently.

Billing: Supports flat-fee, task-based, and time-based billing.

Accounting: Complete accounting solutions optimized for legal firms.

Trust Banking: Compliant with trust regulations, easy transfer functionality.

Finance & Productivity Reporting: Comprehensive financial dashboards and customizable reports.

Key Features

Accounting

Supports accrual, cash, and two modified-cash variations.

Compliant with federal, state, provincial, trust, and HST/GST regulations.

Generates over 70 custom report views and produces three-way bank reconciliation reports.

Billing

Supports flat-fee, task-based, and time-based billing.

Custom billing arrangements like split-billing and mass billing filters.

Advanced invoicing that includes professional and easy-to-read client invoices.

Integrations

Integrates with Office 365, NetDocuments, LawPay, and more.

Open API for seamless connection with other legal industry solutions.

Customer Testimonials

Various law firms praise Soluno for simplifying their accounting and billing processes, improving productivity, and offering superior customer service.

Recent Developments

Acquisition by Actionstep

Date: September 25, 2023

Details: Actionstep, a global cloud practice management platform, announced the acquisition of Soluno. The goal is to integrate Soluno’s legal accounting capabilities with Actionstep’s practice management software to create a unified platform for midsize law firms in the U.S. and Canada.

New Product Launches

Launch Date: September 1, 2023 (related to the acquisition)

Details: Actionstep has also recently acquired Australian legal practice management software companies FilePro and LawMaster, showcasing their dedication to expanding their offerings.

New Features Added

Integrations: Enhanced integrations with Office 365, NetDocuments, LawPay, and other industry-leading solutions.

Reporting: Over 100 fully customizable reports for better financial and productivity insights.

Partnerships

New Partnerships: Actionstep and Soluno have strengthened their market presence with new strategic partnerships to provide comprehensive practice management and legal accounting capabilities to midsize law firms in North America.

Additional Information

Company Philosophy

Soluno operates on seven key principles:
1. Anticipate the future, build for today.
2. Never be satisfied.
3. Everything is a learning opportunity.
4. People matter.
5. Say what you'll do, and do what you say.
6. Use both ears.
7. Hard work has no substitute.

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For more details and to explore Soluno's offerings, visit their website [Soluno](https://www.soluno.legal).

End of the report.