Brightflag is the tool for getting your invoices in one place and saving $$$
Use Cases and Deployment Scope
We onboarded Brightflag to help our team process, review, and audit the hundreds of outside counsel and legal vendor invoices we receive monthly, plus be able to run reports and ensure we had a record of negotiations and project caps in one system. Brightflag allows us to have all of this information funnel through one system, and the platform itself is so easy to use with a simple interface for managing a lot of information at once. We have been able to reduce the time spent reviewing invoices from over 40 hours a month to less than 5. We have also seen a measurable drop in legal spend (the deepest drop was about 30% in the first quarter after onboarding) mostly due to the "sentinel" effect, combined with being able to easily see exactly what we're being charged for on every invoice and being able to raise questions immediately. We have also noticed more recently that the incoming invoices are much more closely aligned with our budgeting forecasts, despite some of the tasks being unexpected because we're able to catch rapidly increasing spends in real-time to control.
Pros
- Easy interface
- Amazing customer service
- Measurable impact on bottom line
Cons
- More bespoke flags
- More benchmarking data
Likelihood to Recommend
I already recommend Brightflag to anyone and everyone who processes invoices. There is a lot of information and data that comes on these invoices, and having a system that streamlines the information in one place has been extremely useful for a department that is a cost center and needs a quick way to justify every spend.
