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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 Broniec?
AUDITMAX® is our distinctive software that has been painstakingly developed over the course of nearly fifty years and is consistently refreshed to incorporate the latest trends, categories, and technological innovations. This state-of-the-art platform is continuously enhanced through learnings from thousands of audits, which enables it to identify more overpayments by cross-referencing our extensive supplier database with your payment histories, thus distinguishing us from our competitors. By combining our extensive expertise with cutting-edge technology, we provide exceptional results and higher returns for our clients. At Broniec, we understand that technology should do more than just produce reports; our auditors are skilled at utilizing our sophisticated tools to uncover potential overpayment discrepancies while proactively examining your systems and documents to extract even greater insights. By thoroughly analyzing the data, we can recover larger sums of money on your behalf. We guarantee that you receive detailed documentation, an understanding of overpayment sources, identification of root causes, and real-time updates on recovery, ensuring that our service is both comprehensive and transparent. Ultimately, our commitment to innovation and client satisfaction drives us to continuously enhance our offerings for the benefit of those we serve.
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
Standard Support
Web-Based Support
Training Options
Documentation Hub
Online Training
Training Options
Documentation Hub
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
Broniec
Company Location
United States
Company Website
www.broniec.com/our-technology/
Categories and Features
Legal Billing
Not specified
Categories and Features
Spend Analysis
Not specified