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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 BigHand PrebillManager?

BigHand PrebillManager©, which was formerly known as Steere, is a user-friendly prebill viewer and editor specifically designed for legal professionals, aimed at enhancing efficiency in the editing process. This innovative tool allows the billing department to quickly track any changes made and seamlessly integrate them into the accounting system. It can be customized to align with your existing prebill format, which contributes to a high level of acceptance among attorneys due to its familiar resemblance to traditional paper workflows. The faster processing capabilities lead to earlier bill distribution, thereby improving cash flow. Moreover, your billing team can efficiently handle a larger volume of bills without the need for additional personnel. The time taken to distribute prebills to attorneys has been dramatically reduced from several days to less than an hour, and the turnaround for returning edited prebills from attorneys to billers has been cut down to just minutes. By replicating the original data on the screen and embedding fields into each prebill, users can edit digitally as if they were writing by hand, which greatly improves both the experience and productivity of the billing process. In conclusion, this tool not only conserves valuable time but also fosters a more efficient overall workflow, ultimately leading to enhanced service delivery for clients.

Media

Media

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

Android
iPhone
iPad
Windows
Mac

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

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

BigHand

Date Founded

1995

Company Location

United Kingdom

Company Website

www.bighand.com/en-us/our-solutions/prebillmanager/

Categories and Features

Legal Billing

Not specified

Categories and Features

Legal Billing

Not specified

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