Wolters Kluwer brings AI-powered legal bill review to Flex

Rhea-AI Summary

Flex, a global diversified manufacturer, has partnered with Wolters Kluwer ELM Solutions to use the expanded LegalVIEW BillAnalyzer service. This service allows clients to utilize AI algorithms and invoice review teams to enhance cost savings and compliance across Wolters Kluwer's platforms and a wider range of spend management systems.

LegalVIEW BillAnalyzer can now be used with an expanded portfolio of spend management solutions

HOUSTON, Sept. 5, 2023 /PRNewswire/ -- Global diversified manufacturer Flex has become the latest enterprise to engage Wolters Kluwer ELM Solutions' newly expanded LegalVIEW BillAnalyzer service. Clients can now use BillAnalyzer's award-winning AI algorithm and invoice review team to grow cost savings and improve compliance across both Wolters Kluwer's platforms and an expanded portfolio of spend management systems.

"Wolters Kluwer places the needs of clients at the forefront of every innovation," said Jeffrey Solomon, VP & General Manager of LegalVIEW BillAnalyzer at Wolters Kluwer ELM Solutions. "BillAnalyzer has helped corporate legal departments across a multitude of industries generate rapid cost savings and improve relationships with outside counsel."

Boasting an operational footprint spanning more than 30 countries, Flex approached ELM Solutions with the ambition of gaining broader visibility and control over its outside counsel legal spend. BillAnalyzer's highly sophisticated AI-algorithm – which analyzes each line of a law firm invoice for compliance with outside counsel billing guidelines – has been honed by exposure to billing patterns traversing 225 practice areas and 20 different industries.

"LegalVIEW BillAnalyzer complements Flex's existing legal workflows while also providing new insights into our outside counsel spend," said Melissa Zujkowski, Vice President, Corporate Legal, Flex. "We're excited about utilizing the power of AI in addition to ELM Solutions' team of expert bill reviewers to further enhance our legal spend management program."

BillAnalyzer is currently reviewing more than $4 billion in client annual spend, helping them to achieve their goals around savings and billing guideline compliance. The solution's unparalleled degree of nuance and insight benefits from access to the more than $160 billion in real legal invoice data contained in ELM Solutions' LegalVIEW database.

ELM Solutions – a part of Wolters Kluwer Legal & Regulatory – has garnered more than 20 awards celebrating BillAnalyzer and other AI innovations. Most recently BillAnalyzer received a Gold Globee in the Business-to-Business Services category of the 2023 Golden Bridge Awards.

About Wolters Kluwer 
Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Wolters Kluwer reported 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,900 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Twitter, Facebook, and YouTube.

Media Contacts

Paul Lyon
Senior Director, External Communications
Global Branding & Communications
Wolters Kluwer
Office: +44 20 3197 6586
Email: Paul.Lyon@wolterskluwer.com

Frank Ready
Senior Specialist, External Communications
Legal & Regulatory
Wolters Kluwer
Office: 717-205-3647
Email: Frank.Ready@wolterskluwer.com

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SOURCE ELM Solutions

FAQ

Who has Flex partnered with for their expanded LegalVIEW BillAnalyzer service?

Flex has partnered with Wolters Kluwer ELM Solutions for their expanded LegalVIEW BillAnalyzer service.

What does the LegalVIEW BillAnalyzer service offer?

The LegalVIEW BillAnalyzer service offers clients the use of AI algorithms and invoice review teams to improve cost savings and compliance across Wolters Kluwer's platforms and a wider range of spend management systems.

What industries does the LegalVIEW BillAnalyzer AI algorithm have exposure to?

The LegalVIEW BillAnalyzer AI algorithm has exposure to billing patterns in 225 practice areas and 20 different industries.

What benefits does the LegalVIEW BillAnalyzer service provide for Flex?

The LegalVIEW BillAnalyzer service complements Flex's existing legal workflows and provides new insights into their outside counsel spend.