Soluno
By Actionstep
Soluno is a cloud-based legal billing and accounting software designed to streamline financial and administrative operations for law firms of all sizes. Founded in 2014 and based in Mississauga, Canada, Soluno offers a comprehensive suite of features tailored to meet the unique needs of legal professionals.
Established in 2014, Soluno has focused on delivering specialized accounting solutions for the legal industry. Over the years, it has expanded its user base by emphasizing user-friendly interfaces and robust functionality, positioning itself as a reliable tool for law firms seeking efficient financial management.
In February 2016, Soluno secured $114,000 in seed funding, marking its initial foray into external financing. This early investment facilitated the development and enhancement of its software offerings.
Soluno provides a platform encompassing:
Time and Expense Tracking: Enables accurate recording of billable hours and expenses.L
Billing and Invoicing: Facilitates streamlined creation and management of invoices.
Accounting and Trust Banking: Offers robust accounting tools, including trust accounting compliant with legal industry standards.soluno.
Case and Contact Management: Assists in organizing client information and case details.
In September 2023, Soluno was acquired by Actionstep, a global cloud practice management platform for midsize law firms. This strategic acquisition aimed to combine Actionstep's practice management capabilities with Soluno's accounting expertise, creating a unified platform to better serve midsize law firms across the U.S. and Canada. Actionstep+7
Post-acquisition, Actionstep has focused on integrating Soluno's accounting functionalities into its broader practice management system. This integration aims to offer a cohesive solution that enhances the efficiency and effectiveness of law firm operations.
Soluno serves law firms of varying sizes, with a particular focus on midsize firms. Its cloud-based nature allows for accessibility and flexibility, catering to the modern needs of legal professionals who require remote access to their financial systems. The integration with Actionstep further expands its reach within the legal community, offering a more comprehensive suite of tools to its users.
