Introducing Catalyst for Contracts
Introducing Catalyst for Contracts — offering the convenience of contract chat with a virtual assistant. Learn more in this introductory…
eBilling systems are expensive. And while necessary, they can entangle legal departments in a web of data that is difficult to unpack – and even harder to leverage for analysis and optimization.
From insurance to financial services and private equity, Bodhala has seen corporate legal departments invest millions of dollars in eBillers with the intention to not only simplify paying their bills, but also to support data-driven decision making. Unfortunately those investments are often hampered by serious issues, including gaps in legal billing data (e.g. classification conflicts on firms, practice areas and matter-types) and the subsequent inability to cluster matters and tasks accurately.
These pain points are not the result of not having the “right” eBiller. Data issues are at the core of every eBiller. To maximize your eBilling investment, it’s vital to have an analytics layer that leverages actionable insights.
Legal-specific analytics solutions, like Bodhala, can work in conjunction with your eBiller to exponentially increase the value of your investment. Instead of spending countless hours buried in layers of spreadsheets, legal analytics tools can surface your spend narrative in a matter of seconds — enabling your team to quickly deliver value on mission-critical work.
Forward-thinking legal departments have realized that eBillers and legal analytics tools are not one and the same. Here are just some of the benefits of using legal analytics software in unison with your eBiller:
As companies grapple to get a hold of their legal spend and budget ahead of a new fiscal year, the need for data and actionable insights has never been more urgent. Analytics tools, like Bodhala, can enhance your eBilling investments and turn your data into strategic planning gold.
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Get in touch with our team of legal billing and data experts to find out how Bodhala can transform your legal department.
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