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DataCert's Advanced Invoice Management System (AIMS) Allows Corporate Law Departments to Capture Complete Archive of Legal Spend
New AIMS Features Handle Processing of Both Paper and Electronic Invoices
HOUSTON, Jan. 29, 2007 - DataCert, Inc., the leading provider of electronic invoicing and legal spend management solutions, today announced new features in its award-winning solution, Advanced Invoice Management System (AIMSSM), that allow corporate law departments to process and report on paper, faxed or electronic invoices.
Traditionally, technology has relied on only electronic invoices to track corporate legal spend. While a majority of large law firms submit invoices electronically, many smaller law practices worldwide still rely on faxing or mailing paper invoices.
"Microsoft currently receives 100% of our legal invoices in an electronic format," said Steven B. Levy, senior director of information systems, Microsoft Legal and Corporate Affairs. "AIMS has helped us to truly evolve into a paperless billing environment, resulting in improved cost efficiencies and processes."
AIMS' new features will convert all paper and fax invoices into a detailed electronic format that contains critical timekeeper, vendor and matter information, as well as fee and expense detail. Once in the system, converted invoices will be automatically validated against corporate billing guidelines, pushed through a customized workflow until approved and posted for payment. Now, corporate law departments can not only track a complete database of legal spend, but they can also shave weeks from the normal approval process for paper or faxed invoices.
"Fortune® 500 corporate law departments normally receive hundreds of law firm and vendor invoices each day," stated Paul Zengilowski, DataCert's director of product marketing. "By moving paper and faxed invoices into an electronic format, DataCert is streamlining and minimizing steps in the invoice approval process and, more importantly, providing a complete view into legal spend for corporate benchmarking, reporting and budgeting."
AIMS will also permit law departments to submit invoices that were previously processed and paid prior to the implementation of their electronic invoicing and legal spend management system. Personnel can enter line-items and invoice descriptions according to matters, vendors and timekeepers in a quick, easily editable format. This capability allows law departments to view invoices by each individual line-item instead of in a summary format. It also provides the opportunity to examine past performance in legal spend activities, creating a robust legal spend archive.
Availability
These features are available immediately. For more information, please contact DataCert at 713-572-3282 or e-mail nasales@datacert.com (North American inquiries) or emeasales@datacert.com (international inquiries.)
About AIMS
Advanced Invoice Management System (AIMS) is DataCert's web-based application that facilitates the approval and payment of electronic invoices between law firms and vendors and corporate law departments. Its primary purpose is to help managers proactively analyze corporate legal spend. Using AIMS, legal invoices are validated against corporate outside counsel guidelines, routed, adjusted and approved, then posted to a matter management and/or accounts payable system.
About DataCert, Inc.
DataCert, Inc. is the largest and fastest-growing supplier
of electronic invoicing and corporate legal spend management solutions. DataCert's products
and services provide a substantial return on investment to corporations looking to take
control of their outside legal spend. With more than 11,000
customers in 150 countries,
including 71 of the Fortune® 500, DataCert
processes in excess of $9 billion of electronic
invoicing data on an annualized basis. DataCert is headquartered in Houston with regional
offices in London, Paris and Austin. Visit DataCert at www.datacert.com for more information.
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