KLDiscovery Announces New Financial Insights Available in Client Portal

Rhea-AI Summary

KLDiscovery has enhanced its Client Portal to provide authorized users with on-demand access to critical financial data and metrics in real-time. The updated portal allows users to view invoicing totals, payment status, and budget consumption, among other metrics. With advanced customization options, users can visualize key business data according to service type and time period. The new features aim to empower clients in making informed decisions, marking a significant innovation in the eDiscovery industry. CEO Chris Weiler highlighted this enhancement as an industry first.

Positive

• Introduction of real-time access to crucial financial data for authorized users.
• Advanced customization capabilities in data visualization.
• Improved decision-making potential for clients due to enhanced financial metrics.
• Revolutionary features make the Client Portal an industry first.

Negative

• None.

In its latest feature enhancement, authorized users can access new functionality and crucial financial data on-demand and in real-time within the Client Portal solution.

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)-- KLDiscovery Inc. (“KLDiscovery” or the “Company”), a leading global provider of technology solutions for electronic discovery, information governance, and data management, released the latest version of Client Portal, the Company’s advanced data visualization tool that delivers critical business intelligence accessible anywhere in the world.

With this release, important financial data and metrics are available to authorized Client Portal users on-demand and in real-time. Advanced, customizable tools enable users to group data points by service type, and soon by entity (e.g., law firm, corporation, or insurance provider), and time period, giving users unprecedented flexibility in the visualization of key business data.

The rollout of specific financial data points available throughout the fall include:

• Invoicing totals by period
• Accrued, but unbilled, work-in-progress
• Aging detail
• Payment status and history
• Aggregate invoicing totals over time, including visual alerts of budget attainment
• Budget consumption

“Client Portal’s dynamic and interactive dashboards offer instant access to the information clients require to effectively manage their daily workloads,” said Danny Zambito, Chief Operating Officer. “Now, with the addition of financial data, clients can view vital metrics on-demand, empowering the ability to make more informed business decisions that improve the bottom line. Access to these metrics is configurable based on role and user permissions.”

“The KLDiscovery Client Portal is revolutionizing the way clients access and manage essential business intelligence, like financial metrics and accounting reports, as well as important KPIs across their eDiscovery matters,” stated Chris Weiler, Chief Executive Officer. “The technology and functionality are ‘unicorns’ in the eDiscovery industry. Empowering clients to retrieve in depth case and financial metrics quickly and easily, down to the matter level, or matters managed by outside counsel, in real-time, is an industry first. Not only have we developed the most transformational solution on the market today, KLDiscovery has authored the roadmap for the future, continuously improving solutions, like our Nebula and Client Portal products, to assist our clients in managing all aspects of their eDiscovery matters.”

For more information on Client Portal, including details on the solution’s dynamic metrics, customizable alerts and layouts, and case documentation, visit the Company’s website.

About KLDiscovery

KLDiscovery provides technology-enabled services and software to help law firms, corporations, and government agencies solve complex data challenges. With 25 locations across 16 countries, KLDiscovery is a global leader in delivering best-in-class data management, information governance, and eDiscovery solutions to support the litigation, regulatory compliance, and internal investigation needs of clients. Serving organizations for over 30 years, KLDiscovery offers data collection and forensic investigation, early case assessment, data processing, application software and data hosting for web-based document reviews, and managed document review services. In addition, through its global Ontrack data management business, KLDiscovery delivers world-class data recovery, disaster recovery, email extraction and restoration, data destruction, and tape management. KLDiscovery has been recognized as one of the fastest growing companies in North America by both Inc. Magazine (Inc. 5000) and Deloitte (Deloitte's Technology Fast 500), and CEO Chris Weiler was a 2014 Ernst & Young Entrepreneur of the Year™. Additionally, KLDiscovery is a Relativity Certified Partner and maintains ISO/IEC 27001 Certified data centers around the world. Visit www.kldiscovery.com to learn more.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221018006009/en/

Krystina Jones

888.811.3789

krystina.jones@kldiscovery.com

Source: KLDiscovery Inc.

FAQ

What new features were introduced by KLDiscovery in their Client Portal?

KLDiscovery introduced real-time access to financial data, including invoicing totals, payment status, and budget consumption.

How does the new Client Portal feature benefit KLDiscovery clients?

The new feature allows clients to make informed business decisions through enhanced access to critical financial metrics.

When will specific financial data points be available in the Client Portal?

Specific financial data points will be rolled out throughout the fall.

What is the stock symbol for KLDiscovery?

The stock symbol for KLDiscovery is KLDI.