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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.
Description
Enhance your legal billing process and simplify the management of legal matters with TyMetrix® 360°, which allows you to oversee everything from case management and invoices to budgets and rates within a single, user-friendly platform. By optimizing the handling of legal issues, you can boost staff productivity and foster better collaboration with external counsel, leading to improved case results and more effective cost management. Additionally, you can make informed decisions with straightforward reports that offer immediate insight into legal expenditures and various performance metrics. This solution also helps lower system support expenses and minimizes the overall cost of ownership. The intelligent invoice validation rules efficiently identify billing inaccuracies, ensuring adherence to billing standards. With support for over 180 currencies, as well as credit note processing and VAT compliance features, TyMetrix® 360° is equipped to handle a diverse range of billing scenarios. Furthermore, you will gain access to over 30 standard reports that provide quick visibility into your legal expenses and essential key performance indicators (KPIs), making data-driven management more accessible than ever. By leveraging these tools, you can significantly enhance the effectiveness of your legal operations.
API Access
Has API
API Access
Has API
Integrations
LegalVIEW BillAnalyzer
Microsoft 365
Microsoft Outlook
V-Person
aarwinMEP
Integrations
LegalVIEW BillAnalyzer
Microsoft 365
Microsoft Outlook
V-Person
aarwinMEP
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
Conduent
Founded
2017
Country
United States
Website
www.conduent.com/solution/legal-operations-solutions/legal-invoice-analytics/
Vendor Details
Company Name
Wolters Kluwer
Founded
1836
Country
Netherlands
Website
www.wolterskluwer.com/en/solutions/enterprise-legal-management/tymetrix-360
Product Features
Legal Billing
Accounting Management
Automatic Billing
Calendar Management
Case Management
Client Portal
Document Management
Expense Tracking
Time Tracking
Product Features
Enterprise Legal Management (ELM)
Contract Lifecycle Management
Document Management
Legal Automation
Legal Spend Management
Legal e-Billing
Matter Management
Reporting / Analytics
eDiscovery
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