![]() ![]() Search and filtering: Search both document titles and contents (full-text search) to quickly find what you’re looking for. ![]() Versioning: Create different versions of documents and/or review prior versions.That’s more than 10% of their workweek, which can really add up.ĭocument management systems ensure that files are properly organized and accessible to the right people. But according to IDC, workers spend an average of 4.5 hours per week searching for documents. Simple, secure file sharing seems like a no brainer, especially for legal departments, because they deal with a lot of documents-emails, contracts, invoices, memos, filings, etc. When important data is just a few clicks away, you can easily make more informed budget decisions. Legal spend management software doesn’t just allow you to control your budget it also helps you to plan ahead. Create detailed reports in two or three clicks (compared with 2+ hours before using SimpleLegal).Submit invoice payments in 15 days or less.Instacart could not easily review the total legal spend or run detailed reports that would have helped identify savings or monitor how long it took to pay invoices.Īfter leveraging SimpleLegal’s spend management and e-Billing, Instacart was able to: When grocery delivery service Instacart came to SimpleLegal, its legal team was wasting time on a highly manual invoicing process. Spend management software makes the data actionable. ![]() With spend management software, general counsel and legal ops professionals gain deep insights into legal spend, average hourly rates, law firm efficiency, compliance with budgets, progress against monthly accruals, and more. Modern e-Billing solutions extract and analyze rich data within those invoices and serve up detailed reports that would otherwise be incredibly time-consuming to build by hand. Legal spend management and e-Billing systems are more than just a way to streamline legal invoice review and catch double billing. To help you decide which tools would have the most positive effect on your organization, we’ve included real-world examples of each tool in action. When it comes to investing in tools for your in-house legal team, the question is, what’s the return on investment?ĭepending on the tool and your department’s needs, the ROI could come in the form of reduced costs, increased productivity, or less stress for your team. But with a growing number of in-house tools available, deciding which tools are best for your department is a challenging path to navigate. Adopting technology is becoming more commonplace in the legal industry. ![]()
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