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The Legal Advantage of our Spend Analysis Services

  • Simple process designed not to disrupt day-to-day activities
  • No expensive software to buy, license or implement
  • No up front costs
  • Typical turnaround 4 - 6 weeks
  • Gain understanding of spending patterns
  • Identify savings opportunity areas
  • Create a roadmap to better manage spend and realize savings

 
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"I have been very pleased with the quality and timeliness of your services. I will definitely continue to use Legal Advantage and to recommend you to my colleagues"

 

MacPherson Kwok Chen & Heid LLP

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Details about the Spend Analysis

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Invoice Review - Single Category Approach

Companies more often than not pay varying rates to their vendors for the products and services they buy. These variations occur due to a number of factors.

Legal Advantage, through our revolutionary invoice review process helps companies improve contract compliance, increase transparency, and enhance controls to save money.

In Invoice Review, we capture all the detailed transaction data both from paper invoices or electronic files, review the relevant contracts, and, by reviewing each invoice, show where savings are possible and should be sought. We use innovative tools and techniques to allow us to quickly analyze thousands of products across hundreds of vendors.

Legal Advantage strives to make this process simple and easy for our clients. Our approach is formulated to provide the greatest return in the shortest period of time with minimal impact on daily operations.

Invoice Monitoring

Legal Advantage provides on-going invoice monitoring services whereby we manage the process of identifying over-charges, errors and/or deviations from negotiated contracts on a monthly or quarterly basis. Ongoing monitoring also can identify unfavorable contractual terms as pricing changes occur resulting in real-time or near real-time ability to renegotiate agreements.

Sample Savings

Below are a few sample categories and aggregates of the savings percentages our clients have realized with their suppliers, vendors and VARs in the past 3 years

Computer Hardware & Software
Desktop Computers - 15%
Servers - 10%
Software - 13%
Wiring and other hardware -18%
Office Equipment
Copy Machines - 40%
Fax Machines - 30%
Maintenance Contracts - 20%
Printers - 45%
Facilities

Furniture - 10%
Lease / Rent - 3%
Security Equipment -18%
Office Supplies

Ink / Toner - 20%
Paper - 16%
Other - 15%
 
HR
Payroll Services -13%
Talent Acquisition - 11%
Temporary Staffing - 11%
Shipping & Mail Services
Equipment - 12%
Ocean Freight - 5%
Package / Parcel - 20%
Insurance

Business - 16%
Medical - 9%
Telecommunications
Maintenance - 20%
Telecom Services - 35%
Voice & Data Services - 38%

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Intellectual Property Services, Legal Support Services, Corporate Services, Inventor Resources, Patent Services, Patent Illustration, Translations Services, Document Review, Trial Graphics, Legal Research, E Discovery, Mortgage Modification, Legal Research, Spend Analysis, Staffing, Attorney Directory, Biotechnology, Sequencing, Patent Drawings, Trademark Design, Copyright Services, Provisional Patent, Freedom to Operate, Patentability, Patent Watch, State of the Art, Validity, Proofreading
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