Delivering measurable value with AI
Today’s CFOs need more than cost-cutting measures—they need solutions that align with their strategies to drive real business value.
Wolters Kluwer ELM Solutions provides AI-powered legal spend management solutions proven to address spend leakage at the source. Up to 20% improvements in billing guideline compliance deliver up to 10% savings on legal spend. Actionable insights extend the value of your data, identifying opportunities to further strengthen financial control for 2025 and beyond.
According to the recent EY AI Pulse Survey*:
77%
of leaders investing in AI are seeing improvements in operational efficiencies.
54%
of leaders are seeing improvements in employee productivity.
73%
of leaders are seeing improvements in competitive advantages.
Our AI helps CFOs achieve their goals with savings that pay for the solution for immediate savings and long-term financial stability.
Reduce spend leakage. Optimize resource allocation. Enable smarter financial decisions.
Wolters Kluwer’s approach to total spend management for legal departments combines proven AI-powered solutions, deep domain expertise, and predictive analytics. It gives your business leaders the data clarity they need to establish financial stability, mitigate risk, and make smart sourcing decisions.
By streamlining processes and optimizing operational workflows, we equip your team to make faster, more informed decisions. With a strong commitment to responsible AI and a proven track record of success, our solution gives you greater visibility and control over your data and expenses—driving productivity and long-term financial stability.
Calculating the savings and ROI
AI-enabled bill review can help legal departments reduce costs and maximize efficiencies. To illustrate, let us assume that a legal department:
Oversees $20 million in annual outside legal spend
Reviews and processes 10,000 legal invoices annually
Manages approximately 1,800 legal matters that involve outside counsel
Employs 20 full-time in-house counsel
Let us assume that the above figures are constant over one year and display low-, medium-, and high-range potential savings and ROI scenarios.
Check out the estimated results you can expect with LegalVIEW BillAnalyzer:
Why it matters
Achieve sustainable cost savings
Save up to 10% on legal spend by improving billing compliance and eliminating spend leakage.
Enhance financial control
Gain visibility into legal spend for better resource allocation and budget management.
Mitigate financial risks
Reduce financial exposure by ensuring accurate billing and preventing unnecessary expenses.
Maximize AI ROI
Low-risk, high-reward AI delivers proven savings and operational efficiency.
Support strategic decisions
Use data-driven insights to drive both immediate savings and long-term financial growth.
Don't just hear it from us
"TyMetrix 360° isn’t just a technology to process invoices. It’s a way to improve the relationships between your law firms and clients."
“Our Applications Management service expert has been a valuable resource who has helped me navigate and enhance the administration of our billing.”
– Vicki Andreadis, Assistant General Counsel, Jefferies LLC
“We have easily seen 5-10% ROI just on enforcing our billing guidelines, creating the automated rules, having the bills audited as they come in, and pointing things out to the attorneys who then can take advantage of that. Now, they can just go in and click a button, make the change, and the firm gets paid.”
– PNC Bank
"Our attorneys, our users, we live in Outlook. So to be able to approve an invoice, to be able to work within your matters within Outlook – that sealed the deal for us."
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Access more content
Whitepaper: Managing corporate legal costs in an unpredictable worldPodcast: How DHL is using data, annual reviews, and billing guidelines to tackle rate negotiationsInfographic: Control legal costs, advance legal operations excellenceBlog: Legal Leaders Exchange: Strategies for getting future-readyCase study: Commit to compliance to control legal spend at the sourceInfographic: Why Wolters Kluwer ELM Solutions?
We stand by our approach to total spend management and its proven ability to deliver compliance-led savings.
Our team is prepared to personalize your savings potential with a spend analysis.
Request your spend analysis today to understand the three-year cost savings your business can expect from adopting total spend management.
- Compliance-led savings
- Enhanced cost control
- Optimized allocation of resources
- Clear visibility into spending patterns