What is Managed Bill Review?
Managed Bill Review (MBR) is all about optimizing your legal spend by combining technology with expert analysis to ensure that your legal bills are accurate and compliant with your billing guidelines.
By using MBR, you can quickly spot overcharges and billing errors, giving you control over your budget. Plus, it provides valuable insights into your spending patterns, allowing your team to focus on strategic tasks rather than getting bogged down in paperwork.
The Real Cost of Manual Bill Review
Legal departments are often overburdened with the administrative work of reviewing, approving, and managing invoices from outside counsel. With Managed Bill Review, companies can delegate this time-intensive process to a dedicated solution that brings expertise in billing compliance, cost savings, and data analytics.
Every hour saved on administrative work is time redirected to higher-value tasks, where legal professionals can leverage their expertise, focus on compliance, or drive growth initiatives.
Why Managed Bill Review is a Game-Changer for Legal Departments
Facing mounting pressures to reduce costs, boost efficiency, and make strategic decisions that add value across the organization, more and more legal departments are turning to Managed Bill Review (MBR). This approach not only streamlines billing processes but also helps teams strategically allows legal departments to reallocate resources, focus on higher-value tasks, and drive cost savings with data-driven insights.
MBR helps departments:
Streamline processes and improve efficiency
Minimize redundant tasks, reduce errors, and eliminates time-consuming, manual invoice scrutiny by automating and simplifying the invoice review process
Realize substantial cost reductions
Capture billing discrepancies and overcharges to save on annual spend and ensure you only pay for services that align with your guidelines.
Enhance decision-making with benchmarking insights
Gain invaluable data about firm performance to make data-driven choices that benefit the bottom line.
Ready to see how MBR can help your team maximize efficiency and reduce spend?
Download the infographic today to explore these strategies in depth.
With Mitratech MBR, organizations like yours are saving time on legal invoice review and reducing annual costs by 15% or more!
6 Ways Managed Bill Review Optimizes Your Legal Spend (And Time!)
Dives into the ways managed bill review can bring transformative improvements to your legal department’s operations. By breaking down the key benefits of MBR, you’ll discover practical insights that are directly applicable to your team.
Explore our latest infographic to learn:
- How Managed Bill Review can benchmark (and optimize) your outside legal counsel spend
- Why Managed Bill Review frees internal teams to focus on high-value tasks
- Whether Managed Bill Review is the right fit for your team
Some ML & AI-powered line item categorization (like Mitratech’s Managed Bill Review) can assign proprietary, common-language task codes to every invoice line item at 97% predictive accuracy.
Build a Foundation for Long-Term Cost Savings and Efficiency
Companies that implement managed bill review often see immediate benefits in their invoice accuracy and cost control. But the advantages don’t stop there — adopting MBR also positions your team for year-over-year improvements, setting a strong foundation for sustainable savings and operational efficiency gains.
Find Out if MBR is Right for Your Team
Discover how to start your journey toward optimizing legal spend and maximizing efficiency with Managed Bill Review. This infographic provides a clear, easy-to-digest overview of MBR’s impact on legal departments and is the first step to implementing a solution that scales with your needs.
Don’t wait to take control of your legal spend.
