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Description
Optimize your legal department's spending by harnessing the full potential of your data for smarter financial decisions. Collaborate with legal trailblazers worldwide and achieve savings of up to 20% on outside counsel costs. Our tailored solutions, driven by genuine market intelligence, guarantee that you engage the most suitable lawyer at the optimal firm for the best price. Transform ineffective data into precise, organized information that yields reliable and impactful insights. Bodhala’s unique machine learning technology refines and improves data as it flows into the system, turning unproductive data into valuable, structured formats. Each Bodhala client benefits from a dedicated team of legal specialists committed to guiding you from the initial implementation phase to successful operation. Our highly knowledgeable team, which includes data analysts and former legal professionals, stands ready to assist you. Discover how Bodhala can facilitate significant savings on your outside counsel expenditures while enhancing your overall legal spending strategy. Additionally, our ongoing support ensures you continually improve your spending efficiency and decision-making quality.
Description
Over half of a legal department's financial resources are allocated to external law firms, prompting some organizations to rigorously verify payments for invoices that can include thousands of line items each year. By enhancing compliance and minimizing overpayments, clients can achieve cost reductions of 5 to 10% in their spending on outside counsel. Additionally, by streamlining the invoice review process, clients can cut down the time spent on this task by as much as 80%. This leads to the provision of trustworthy data that allows law departments to glean strategic insights for further savings. Furthermore, it can help decrease overspending on outside counsel by up to 10%, ensuring a return on investment from day one through diligent billing assessments and quicker payment processes. The automation of invoice analysis not only reduces the burden on law department staff but also eliminates up to 80% of the time traditionally consumed in this review process, thereby promoting efficiency and cost-effectiveness in legal spending. In conclusion, such systematic approaches can significantly transform the financial landscape of legal departments.
API Access
Has API
API Access
Has API
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Bodhala
Founded
2014
Country
United States
Website
www.bodhala.com
Vendor Details
Company Name
Conduent
Founded
2017
Country
United States
Website
www.conduent.com/solution/legal-operations-solutions/legal-invoice-analytics/
Product Features
Legal Spend Management
Analytics / Reporting
Budgeting & Forecasting
Financial Controls
Insurance Claims Defense
Invoice Review
Legal e-Billing
Matter Management
Outside Counsel Management
Relationship Management
Strategic Planning
Vendor Management
Product Features
Legal Billing
Accounting Management
Automatic Billing
Calendar Management
Case Management
Client Portal
Document Management
Expense Tracking
Time Tracking