The e-billing application that completely automates the presentment, validation, review and payment approval of a company's legal bills.
The secure LegalPrecision e-billing application enables companies to receive, review and approve their legal invoices electronically. LegalPrecision's workflow and integration capabilities let companies automate existing review and approval processes while gathering critical data for generating management reports. Because LegalPrecision requires no third-party review, all customer, matter and invoice information is kept strictly confidential.
- Streamline the entire legal invoice processing
- Increase accountability of legal service providers
- Delivers in-depth law firm performance metrics
- Improve decision making and risk management
- Reduce unnecessary costs
Powerful, Objective Bill Review
LegalPrecision streamlines the legal invoice submission process by providing corporations with an online interface for receiving legal bills, matter information and updating matter status from their law firms. To use LegalPrecision, law firms submit invoices electronically via a secure Web site in the industry standard Ledes 98B, Ledes 2000 or Examen formats. LegalPrecision performs an initial validation of the information on each invoice to check for math errors, incorrect formatting and invalid matter information, and provides law firms with immediate, detailed feedback. This allows them to revise invoices prior to final bill submission, improving invoice quality and reducing processing delays.
LegalPrecision enables companies to seamlessly incorporate e-billing into their existing payment approval process. Workflow features include multiple work groups, invoice forwarding, escalating approval authority and shared reporting features.
Custom Data Collection and Reporting
Every company's data collection and reporting needs are different. That's why we allow clients to gather custom data concerning their legal matters and outcomes. LegalPrecision can also capture task-based activity codes (UTBMS and custom codes) information at the line-item charge level. Clients can generate reports to support strategic decision-making. LegalPrecision delivers robust standard and custom data reporting that provides actual and budgeted legal expense information - at the matter, invoice and task level. Corporations use this valuable information to better predict legal costs, spot trends and improve overall risk management.
LegalPrecision is an Application Service Provider (ASP) solution that is accessed via the Internet. LegalPrecision is best viewed using either Internet Explorer 5.0 or Netscape 4.6.