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 At Serengeti, we are committed to providing
measurable, sustained value to our customers through better control
of outside counsel spending, internal time savings, and improved
results.
IBM GLOBAL SERVICES - Serengeti E-billing ROI Study
Serengeti retained IBM Global Services to assess
the ROI that clients are achieving through Tracker's e-billing
functionality. Key findings are outlined below:
- 0.5% System Cost
On average, the Serengeti
system cost less than one-half of one percent of
the customers' total legal spending.
- 1,000% ROI from E-billing Alone
On average, customers
had "hard" savings (quantified cost reductions) of over
1,000% or 10 times more than they paid for the Serengeti
system–from just the e-billing functionality alone.
- Additional Savings
Companies achieved
additional "soft" savings (not quantified) from more efficient internal auditing,
increased reporting accuracy, streamlined accruals collection,
global convergence, and improved financial predictability.
Contact Serengeti to
obtain a copy of the complete report |
Control of Outside Counsel Spending
- Automated
auditing of legal bills
- Manage
to budgets
- Use
alternative fees (based upon results or historical benchmarks) to incent efficiency
Internal Time Savings
- Review
your invoices and track budgets online
- Serengeti automatically
compares actual-to-budgeted spending for one matter or across all matters
- Reduce
time managing paper and re-entering data
- Eliminate
"fire drills"—scrambling to gather information from your law firms to respond to management questions
Improved Results
- Participate
in key strategy decisions with up-to-date information
- Identify
trends, best practices, and benchmarks across matters
- Provide
more work to the attorneys who have the best performance data
CUSTOMER INSIGHT - Resun LeasingThe solo-attorney law department at
Resun Leasing was able to realize savings in the first year in
excess of $300,000 (approximately 40 percent of prior annual
legal spending) by diligently using Serengeti's combined
electronic billing and matter-management system.
"With e-billing, we recognized inefficiencies in prior billings,
implemented an audit system, and tracked legal spending by
matter type. With electronic billing and online reporting, we
were able to recognize which types of matters were more suited
to in-house work while knowing what to pay efficient, reasonably
priced outside counsel for more specialized matters."
Electronic Billing 2.0
Chris Marlin, Stuart Roth, Rob Thomas | ACC Docket | 05.01.09 |
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ROI CALCULATORComplete this return-on-investment calculator to estimate the
savings you can expect from Serengeti.
Serengeti ROI Calculator
(Excel format) |
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