April 2025
Welcome to EvolveNews. This month, we're introducing a major enhancement to EvolveGo with the launch of our new Bank Reconciliation feature. Plus, don't miss our upcoming INTEL webinar with Graham Moore, where we'll explore how law firms can shift from historical reporting to advanced, AI-powered analytics for smarter decision making.
Read on for all the details and thank you for being an integral part of the PracticeEvolve community!
New Bank Reconciliation Feature
We’re excited to announce that our new Bank Reconciliation feature is now in Beta testing with our early adopters, ahead of a broader release planned for early next month. This release marks a major step forward as we begin to integrate Open Banking technology into EvolveGo.
Built from the ground up with Open Banking in mind, our new Bank Reconciliation feature represents a significant evolution from our current functionality. In addition to enabling Open Banking, it introduces several enhancements designed to improve the accuracy, transparency, and efficiency of your reconciliation process. Here are just a few of the powerful new features you can expect.
Statement vs Cashbook matching
An improved UI presenting bank statement entries side by side with unmatched cashbook transactions allows you to see all unreconciled items in one place, enabling you to make informed matches with all information readily available.
Suggested Matches
A new Suggested Match tool not only provides suggested matches for already posted cashbook items, but based on bank statement detail, offers the ability to post and match new cashbook items simultaneously. In the example below, the reference on a bank statement entry corresponds to an outstanding invoice and with one click, the user can initiate the receipt posting of that invoice and simultaneously match the item against the bank entry.
Post New & Add Comments
Post cashbook entries directly from the bank statement, automatically matching as you go. In addition, add comments to both bank statement and cashbook entries to record relevant notes or extra information to further assist with reconciliation.
Unmatching
Ahead of producing a formal reconciliation report, review all your matches and make any changes where necessary. Items can quickly be unmatched with ease allowing to make any amendments required.
Reconciliation audit
Providing full transparency, at transaction level review previously reconciled cashbook items to see which corresponding bank statement entries were matched against it.
INTEL Webinar Series: What’s on in May
As data becomes increasingly central to strategic decision-making, law firms must evolve beyond traditional reporting methods. This May, our INTEL webinar series features a powerful session designed to help firms harness the full potential of their data through predictive and prescriptive analytics.
From Historical Reporting to Prescriptive Analytics
13th May 2025 | 11am BST
Looking backwards isn't enough. In this session, Graham Moore, founder of Katchr, will guide attendees through the four stages of analytical maturity, helping firms shift from reactive reporting to forward-thinking, AI-powered insights.
Discover how modern data platforms and machine learning can drive smarter decisions and create measurable business value.
Key questions answered:
- Why your PMS alone isn't enough to manage your firm effectively
- How machine learning enhances numerical data, not just text
- Where Power BI fits into a modern legal tech stack
If your firm is ready to move beyond traditional reporting and unlock the true value of its data, this session is not to be missed.
Take the next step toward data-driven success with expert guidance and practical insights.
We’ll return in May with more exciting updates. In the meantime, if you found this update helpful, why not share it with your colleagues or peers who could benefit from staying updated with PracticeEvolve? Thank you for your continued support and engagement!
The PracticeEvolve Team
