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In-House Counsel: Master And Manage Legal Spend With An Innovative Solution

In-House Counsel: Master And Manage Legal Spend With An Innovative Solution

Published on : 12/08/2024 12 August Aug 08 2024
Blog 

Managing legal expenses effectively is crucial for maintaining financial control and operational efficiency within your organization. Septeo Legal Suite's innovative module offers a comprehensive solution that automates expense tracking, enhances transparency, and streamlines workflows, empowering your legal department to master and manage costs with precision and ease.

Manage Legal Spend Effectively With Legal Suite

The e-Billing module in Septeo Legal Suite provides comprehensive tracking of costs associated with external counsel, adhering to international standards. It delivers detailed budget analysis for each case, enabling precise management of legal expenses.

By simplifying the management and billing of external counsel, it optimizes processes while maintaining overall budget control. This shift towards automated management enhances operational efficiency and improves the ability to control legal spend.


Main Benefits Of Our e-Billing Module


Reduce costs through automated management of external expenses

  • Securely negotiate fee agreements and contractual terms with external advisors.
  • Exchange information in real-time via a private workspace and interactive communication within GaLexy®.


Identify risks and avoid billing errors with an alert system

  • Detect non-compliance using predefined rules (overages, estimated budget, time tracking).
  • Proactively manage alerts at the global, departmental, or case level.
  • Quickly validate invoices with predefined rules for faster approvals.


Streamline invoice processing through automation

  • Validate invoices using predefined rules for quicker approvals.
  • Automatically forward invoices for payment.
  • Create workflows to ensure non-compliance is flagged.


Manage all your legal expenses in real time

  • Compare actual costs against budgets by case.
  • Automatically create forecasted budgets based on historical spending.
  • Monitor expenses in real-time to always stay informed.


Enhance your management of service providers

  • Track billing from external consultants and related expenses.
  • Centralize all external expense monitoring on a single platform, fostering transparency across the organization.
  • Facilitate negotiations for competitive rates to reduce and optimize spending.


Key Features

  • Customizable invoice workflow
    Ensure accuracy by applying automated workflows for invoice validation and fee tracking. This strategic shift brings companies closer to full automation of billing and accounting processes.

  • Automated control of all legal expenses
    Identify non-compliance and optimize processes without additional effort. Prevent unpredictable costs from hindering your progress.

  • Efficient time management and automatic transmission of legal expenses
    Save time and manage tasks with a dedicated portal for processing and organizing expenses. Ensure quick invoice validation with predefined rules for faster approvals.


Conclusion

Mastering legal expenses through automation and real-time management is no longer a distant goal but a practical reality.

By embracing Septeo Legal Suite's e-Billing module, companies can reduce costs, mitigate risks, and enhance operational efficiency. The transition to automated expense management not only streamlines workflows but also strengthens financial control, ensuring a transparent and optimized approach to legal spending.
 


Discover our e-Billing solution here. 
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