Benefits

Up to the minute visibility into the entire spend

Reduce costs

Eliminate double-billing, overcharging and neglected invoices.

Capabilities

Budget management

Corporate legal departments can prepare multiple types of budgets such as task based , phase based or case based budget. The budget is updated in real-time with the actuals received via invoices.

Online invoice submission

Lecorpio allows all legal service providers to submit invoices online. The invoices can be submitted in any file format. The invoices accompanied by detailed line item details are processed further to line item based review and analysis. Lecorpio accepts industry standard LEDES formats as well.

Validation against corporate legal guidelines

Corporate legal departments can provide their policies and corporate guidelines through Lecorpio business rules engine. The rules engine validates each incoming line item against provided guidelines. Line items and invoices are flagged based on the pre-defined rules. Reviewers are able to identify those invoices that need to be reviewed and approved or rejected quickly and those invoices that require additional scrutiny.

Online review and approval

Invoice review & workflow automatically routes invoices for approval and payment submission according to specified guidelines, authority levels, and allocated approval times.

Real-time analysis

Analyze and understand their data from different perspectives and easily "drill" down for more details within a report.

Integration with other systems

Lecorpio spend management integrates with external systems such as accounts payable for approved invoices. The format of the output file, the frequency and type of integration (web services based or batch based) can be configured based on client’s specific requirements.