Unsurprisingly, the data showed that
inside legal spend
budgets are significantly more accurate than outside
budgets — with law firm spend being the least accurate of the three.
BENEFITS: • Improves control over law firm bill review process, including ability to identify trends and gain deeper visibility into law firm spending • Achieves 100 % paperless billing process with law firms, which supports corporate objective of environmental sustainability in business operations • Enables easy collaboration with colleagues
inside the company, regardless of where they are located and whether they are travelling • Standardized coding and processing of law firm invoices produces tremendous efficiency gains for
legal department • Robust reporting tools allow quick analysis of monthly
legal budget across practice areas, easy tracking of matters and more precise assessment of spending by law firm