Bottomline Expands Expert Legal Bill Review Service to All Legal Spend Platforms
PORTSMOUTH, N.H., March 19, 2024 — Bottomline, a global leader in business payments, has announced a significant expansion of its Expert Legal Bill Review Service aimed at Property and Casualty (P&C) Insurance Carriers and Corporate Legal organizations. Previously available exclusively to users of Bottomline’s Legal-X or Legal eXchange platforms, this premier legal bill review service is now accessible to organizations using any legal spend or eBilling system. This enhancement allows legal teams to leverage Bottomline’s expert review capabilities without needing to change their existing platforms.
Leading Expertise in Legal Bill Review
Bottomline has established itself as the foremost provider of third-party legal bill review in the claims market, serving more than 400 clients including P&C carriers, third-party administrators, self-insured companies, and corporate legal departments. The company’s extensive experience spans nearly 30 years, during which it helped customers collectively save over $400 million in legal expenses in 2023 alone.
What distinguishes Bottomline’s Expert Legal Bill Review Service is its dedicated team of nearly 200 attorney auditors. Each auditor averages over 14 years of experience in claims defense, corporate legal matters, and litigation, ensuring highly skilled and precise evaluation of legal invoices.
Proven Results and Recognized ROI
Third-party validation of Bottomline’s market leadership comes from the 2023 Claims Litigation Management Alliance (CLM) Study conducted by Suite 200. The study highlights that clients utilizing Bottomline’s Expert Legal Bill Review services consistently achieve significantly better financial outcomes compared to others.
By providing a deeper and more strategic review of legal spend, Bottomline’s service helps organizations unlock various benefits, including:
- Increased Efficiency: Streamlining the invoice review and approval process to save valuable time.
- Enhanced Decision-Making: Turning legal claims data into actionable insights and strategic value.
- Controlled Legal Spend: Delivering reductions in legal costs typically ranging between 6% to 10%, tailored to each customer’s unique objectives.
Addressing Rising Legal Costs
As legal expenses soar for P&C Insurance Carriers and corporate legal teams, the need for customized bill review programs has never been more urgent. Matt Kivlin, Head of Product Management for Legal Spend Management at Bottomline, emphasizes that the newly extended service broadens access to top-tier support. This expansion enables more legal departments to curb unnecessary spend leakage while boosting operational efficiency and informed decision-making across the board.
Complimentary Feasibility Study Available
To help potential clients gauge how Bottomline’s Expert Legal Bill Review can optimize their legal spend, the company is offering a free Feasibility Study. This study provides an in-depth analysis identifying clear opportunities to enhance cost efficiency and realize substantial savings tailored to an organization’s goals and vendor relationships.
About Bottomline
Bottomline is a global leader in transforming business payments and cash management for businesses and financial institutions. With over 30 years of experience, Bottomline processes more than $10 trillion in payments annually, delivering innovative, secure, and comprehensive solutions that improve payment workflows worldwide. Backed by Thoma Bravo, a leading software private equity firm with over $130 billion in assets under management, Bottomline continues to drive impactful customer results by reimagining how businesses pay and get paid.
Media Contacts:
John Stevens or Jacqueline Powell
Bottomline
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Bottomline and the Bottomline logo are trademarks or registered trademarks of Bottomline Technologies, Inc.