What savings could you achieve with integrated matter and spend management technology?
The benefits of a matter and spend management solution are plentiful, but it can be difficult to quantify the monetary return of investing in technology. Using real case examples from our clients and third-party industry research, the tool below calculates a best- and worst-case range of potential savings in four areas, from invoice processing efficiency gains to data-led strategies for improvement.
Get started: Simply input three figures to learn what you could save your department in one year.
Here are your results
Thank you for taking the time to complete the Matter and Spend Management Savings Calculator. A copy of your results is below. If you need to revisit in future with different input values, go to wkelmsolutions.com/savings-calculator.
Select currency for calculation:
Number of resources who will access the system regularly?
Number of legal invoices received annually?
Annual legal fees and expenses?$
Invoice Processing 1
Billing Guideline Enforcement 2
Centralized Data and Information 3
Business Intelligence and Analytics 4
Total Potential Savings
The tool assumes a number of industry averages to calculate the range of savings. Request a tailored projection specific to your organization.
“A typical mid-sized corporate legal department can see a potential first-year savings upwards of $800,000 with a system that enables integrated e-billing and matter management”