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A.I. Powered Legal Invoice Review & Management
A Brightflag™ solution
The Problem
Your business is pressuring you to control your spend on external legal services, but you have no idea how to effectively achieve that.
Related challenges include:
- reviewing your external counsel’s invoices is tedious and time-consuming
- you need granular invoice data so that you can direct your resources more effectively
- you have clear invoicing guidelines but your counsel are not applying them
- you need a system to efficiently verify and cross-check matter data
- you need to reduce the processing time you spend on invoices and free up your capacity so that you can make more strategic contributions to your business
- you want to be able to efficiently run reports on your legal budget usage
Wouldn't it be great if artificial intelligence could help you review huge volumes of legal invoices and, on an uncontested basis, reduce your legal spend by 20%?
The GLS Solution
Brightflag™ is an A.I. powered legal invoice management tool that provides:
Unrivaled Invoice Review: Brightflag™ improves speed and accuracy of invoice review with an A.I.- powered solution that automatically compares each invoice line-item against your billing guidelines, and flags any violations.
Flawless Financial Partnership: Brightflag™ provides specialized accruals management and tax features free you from spreadsheets and helps you with financial compliance. Budget setting also makes it easier to control costs and keep your financial stakeholders informed.
Impactful Data Insights: Brightflag™ provides advanced reporting functionalities easily perform analyses on blended rates, spend by region and matters by practice area, to help you make better resourcing decisions and negotiate better fee arrangements.
Centralized System of Record: Brightflag™ provides a user friendly, centralised system of record that will free up your capacity and improve your long term Return on Investment.
Problem Solved!
Solution Deliverables
| User Friendly: | Incredibly intuitive, easy to understand and quick to use interface. |
| Billing Guidelines: | Provides clear written rules on which billable services are acceptable |
| A.I. Powered Invoice Review: | AI review of submitted invoices against your billing guidelines, to identify unaccepted costs and line items |
| Modern Matter Management: | Manages scope of matters by accurately capturing risk and complexity upfront |
| E-Billing & Accruals: | Provides easy invoice submission, approval and payment tools |
| Reporting & Analytics: | Processes legal invoice data for data visualisation strategies and customised reporting |
| Integrations: | Easily customisable integration with all other departmental IT systems |
GLS RPLV Legal Operations Score
This solution’s GLS RPLV impact score:
| Resource Status: | Specialist | Repeater | Formative |
| Ease of Implementation: | Complex | Average | Easy |
| Value Demonstration/Visibility: | Low | Medium | High |
| Productivity Leverage Profile: | Low | Medium | High |
| IHL Line Optimisation: | Single | Multiple | All Lines |
IHL Critical Function Optimisation Targets
This solution enhances performance across the following critical in-house functions:
In-House Legal: Critical Functions / Processes
Legal Tech
Data Analytics
GLS has identified 15 critical in-house processes/functions that are present in every world-class legal department. To learn what these functions are, their composition and how they interrelate to deliver efficient legal team performance outcomes - visit here.
