As electronic invoicing and legal spend management solutions continue to be adopted in Europe and beyond, US corporate legal departments are also taking their ebilling and spend management implementations international. A new report, written by international ebilling authority Jeff Hodge and sponsored by Bridgeway Software, reveals that what used to be a complex and sometimes perplexing exercise has now become routine. In fact, legal departments are extending ebilling and spend management implementations to legal teams outside of the US in order to comply with value added tax (VAT) legislation and streamline their invoicing and payment processes.
“We process 50,000+ invoices a year in Bridgeway’s eCounsel, 43% of which are from vendors outside of the US. We anticipate these numbers will continue rising over the coming years,” commented Debbie Siedlecki, Finance Supervisor, Legal Finance, Abbott Laboratories.
However, implementing legal spend globally still requires significant domain knowledge and expertise. To help corporate legal departments understand how to implement ebilling and spend management in an international environment, Jeff Hodge and Bridgeway will host a webinar on Thursday 17th May at 1:00 pm EDT titled Legal Spend Management: Taking It Global.
The online presentation will focus on the intricacies of value added tax (VAT), security and privacy, with an emphasis on Europe and the ever present intangibles that mark successful implementations of legal spend management abroad. Best practices for legal spend management will be discussed and all participants will receive a complimentary copy of the report Legal Spend Management: An International Perspective. There is no cost to attend and but registration is required: http://bit.ly/IFx4Hw
“What we found is that many of these implementation best practices are applicable to nearly any situation while others are more situation–specific and require a combination of technology and industry know-how,” said Jeff Hodge, Principal at Law Department Associates (LDA). “Spend management vendors such as Bridgeway, understand the global marketplace. For example, they know international law departments and firms are well positioned to drive more innovation and country-specific functional requirements, and repeat the predominance they have shown within US corporate law departments.”