AUGUST 2021CIOAPPLICATIONS.COM 19more. However, such a system often builds data siloes within the organization, and they are longer effective in managing the intricacies of a law firm. Our IRMS platform breaks down the existing data siloes of an organization and provides better transparency into a firm's client data. Furthermore, it can be integrated with these existing tools without needing to replace them. This enables organizations to break down the data siloes and work seamlessly across various departments within a firm. IRMS also contains essential features and capabilities required to manage any type of workflow in a law firm. Be it resource management, compensation management, activity management, finance management, or time management, IRMS acts as a single source of truth capable of managing the workflows effectively. The platform's compensation management module gives law firms greater visibility, particularly in terms of employee compensation. The module provides law firm management with performance analytics, comparison groups, compensation worksheets, budget worksheets, compensation dashboards, and reports. With that, organizations can have real-time access to information that gives leaders a 360-degree view of their business. Moreover, it enables them to understand the recent developments in a particular industry group and if that group generates enough business. This helps law firms quickly adjust with the market, implementing pay cuts rather than layoffs.What are some of the remarkable features that give IRMS a competitive edge?Hubbard: As a resource management system built in the cloud, IRMS is easy to implement, cost-effective, and easy to integrate. We have built APIs that enable organizations to integrate IRMS with their existing systems, providing them with seamless access to their data. We understand that no two companies' business processes are the same. And for that reason, organizations can custom-build the system based on their requirements using configuration management tools. This allows them to configure the system without hiring any developers. The platform will also help organizations meet their diversity and inclusion goals with ease, as well as compare the compensation of different employees to ensure that each employee is paid commensurately.The security aspect of IRMS is worth mentioning as well, and we achieve this in a variety of ways. The organization can restrict system access to specified members and enhance security. We have integrated the asearch engine with the platform to allow users to browse the internet securely, while our proprietary security elements ensure additional data security. IRMS is also more cost-effective and versatile than any other resource management system available in the market today. Organizations can bring various tasks, including resource management, compensation management, reporting, activity management, client management, and matter management, under a single umbrella, providing over 2000 dashboards that the clients can use without any additional payments. Could you share an instance to highlight the benefits brought to one of your clients after implementing IRMS? Hubbard: When the COVID-19 pandemic unleashed havoc in 2020, many law firm leaders found themselves facing a number of new obstacles. For instance, one such client had to suddenly manage a team of attorneys and support staff who worked remotely. The changes in the economic landscape as a result of the pandemic required the client to closely monitor changes in the firm's business in specific industries. EDZ Systems IRMS helped the client address these challenges effectively during this crisis and regain full operational capacity. What does the future hold for EDZ Systems? Elizabeth: We are constantly focusing on improving our platform by adding new features and functionalities. As an organization, we believe that our platform is one of a kind in the legal industry. We plan to scale our product as an enterprise resource system in the days to come. In fact, IRMS can be used in any industry segment, but it is a natural fit for the legal industry. More importantly, we plan to build more APIs to compare the national rate, individual rate, and other parameters related to compensation management. With such initiatives, we focus on transforming many underserved industries through technology and innovation.
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