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What is Conduent Legal Invoice Analytics?

More than 50% of a legal department's budget is often directed toward external law firms, driving many organizations to meticulously audit invoice payments that may consist of thousands of line items annually. By improving compliance measures and reducing instances of overpayment, clients can realize cost savings ranging from 5% to 10% on their expenditures for outside counsel. Moreover, optimizing the invoice review process has the potential to reduce the time dedicated to this task by nearly 80%. This efficiency not only provides reliable data but also empowers law departments to extract strategic insights that can lead to additional savings. Additionally, it can effectively minimize overspending on outside counsel by as much as 10%, guaranteeing a positive return on investment from the outset through thorough billing evaluations and expedited payment procedures. The implementation of automated invoice analysis alleviates the workload on legal department personnel while also cutting down the time typically required for these evaluations by up to 80%, thereby enhancing efficiency and cost-effectiveness in legal expenditures. In summary, such organized strategies can profoundly reshape the financial dynamics within legal departments, fostering a more sustainable approach to managing legal costs.

What is Aderant Onyx?

Attain full automation and seamless integration of OCG Compliance in key areas including time management, billing, and eBilling through the use of Aderant Onyx. Harness the power of AI to consistently recognize and apply important terms from outside counsel guidelines (OCGs) throughout your time and billing systems. Promote better collaboration among various teams while optimizing numerous workflows. This strategy not only reduces costs but also lightens the burden on your staff, enabling them to concentrate on higher-level strategic initiatives. Consequently, your organization can cultivate a more productive and effective operational landscape, ultimately driving better results.

Media

Media

No images available

Integrations Supported

V-Person
aarwinMEP

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

Conduent

Date Founded

2017

Company Location

United States

Company Website

www.conduent.com/solution/legal-operations-solutions/legal-invoice-analytics/

Company Facts

Organization Name

Aderant

Date Founded

1978

Company Location

United States

Company Website

www.aderant.com

Categories and Features

Legal Billing

Not specified

Categories and Features

Compliance

Not specified

Legal

Not specified

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