In the world of professional services, time is the cornerstone of profitability. Yet many legal and professional service providers continue to grapple with various administrative tasks grapple with various administrative tasks such as project management, timekeeping, billing, and budgeting that take time away from client work.
Billables AI, a platform designed to help automate the administrative tasks that these providers face, starting with timekeeping and billing, aims to address this challenge. By streamlining operations through automated time entry, Billables AI captures billable hours that might otherwise slip through the cracks and reduces the burden of tedious administrative tasks. Early adopters in the legal sector are already seeing a 15-20% increase in accurately captured billable time, and a 90% reduction in time spent writing narratives.
We are excited to announce our investment in Billables AI as the lead seed investor. Co-founders Arvind Sujeeth and Nancy Jeng have created a solution that frees professionals from the administrative overhead of timekeeping and allows them to focus on the work that matters most. Arvind's experience building enterprise AI platforms at SambaNova, combined with Nancy's leadership in global product marketing at Pinterest and her experience with these issues at advertising agency Edelman, makes them the ideal team to tackle this and we are fortunate to partner with them.
At Wing, we believe AI will play a critical role in helping take away the mundane tasks that various professionals across roles have on their plate. During our due diligence, it became clear that timesheets are among the most universally disliked tasks for lawyers and other professional service providers, and it became clear that the Billables team
As AI continues to reshape how businesses operate, Billables AI is at the forefront, already driving real business outcomes and, more importantly, improving job satisfaction for professionals. If you're interested in joining the Billables AI team and being part of this transformation, we encourage you to visit their careers page.
