Empresas y finanzas

DataCert Equips Barclays with Legal Spend Technology Solution



    DataCert, Inc., the leading provider of electronic invoicing and
    legal spend management solutions, today announced that it has
    contracted with Barclays Bank to provide a new legal technology
    initiative that will enhance Barclays' ability to manage its legal
    spend. At this stage, the initiative will be implemented within
    Barclays' central legal team.

    "Barclays selected DataCert's Advanced Invoice Management System
    (AIMS) after undertaking a detailed proof of concept with DataCert
    which involved some of our largest legal suppliers in the UK," said
    Mark Harding, Group General Counsel. "This is a strategic investment
    by the legal function, and will provide better control over the
    processes for originating legal spend, ensuring our law firm panel
    guidelines are complied with. Above all, it will supply greatly
    enhanced management information on the nature of our spend in this
    important area of our cost base."

    AIMS, the most advanced and widely implemented product of its kind
    among the Fortune(R) Global 500, will process electronic invoices from
    law firms and deliver them to the Barclays legal department for
    automated workflow handling, spend analysis and reporting. Barclays
    adopted DataCert's AIMS technology to provide additional customization
    and line-item detail in parallel with its existing electronic sourcing
    and invoicing applications.

    "Unlike other e-billing platforms currently deployed within the
    European legal market, AIMS allows law firms and other legal providers
    to transmit detailed, standardized invoice data for every time and
    expense entry rather than delivering the static, simple image of the
    invoice or header-level information," said Richard Daniel, chief
    operating officer, Barclays Legal & Compliance. "This additional
    information will give Barclays access to richer information at both a
    matter-specific and an overall portfolio level. This will allow us to
    better manage and leverage our legal spend."

    Using AIMS, Barclays will accumulate a detailed history of its
    legal spend allowing lawyers and the Operations team to easily report
    on spend in relation to budgets, identify spending trends and evaluate
    providers. In addition to accelerating the approval process and
    payment of law firm invoices, the legal function will also be able to
    identify and explore alternative billing arrangements based on the
    detailed data provided by DataCert.

    The adoption of this initiative marks a steady progression of
    thought leadership from the Barclays legal function, which took the
    Legal Week Corporate Legal Department of the year award in 2005, won
    awards at last year's Global Legal IT Forum, and has a long and
    distinguished history of leadership in global financial services.

    "DataCert is pleased to welcome such a forward-thinking
    corporation as Barclays to our list of prestigious clientele. While
    AIMS is a widely accepted legal spend technology solution in the
    United States, the market in Europe is still developing.
    Implementations by thought-leaders such as Barclays will encourage
    other corporate law departments to step forward and take control of
    their legal spend," commented Jeff Hodge, senior director, Europe,
    Middle East and Africa (EMEA).

    Andrew Dey, Head of Operations at Barclays Legal, emphasized the
    importance of DataCert's ability to work with established standardized
    billing formats. "We realized early on that in order to use this
    technology successfully, the legal IT community needed standards for
    electronic invoicing. By working with fellow legal innovators,
    including DataCert and the Legal IT Innovators Group (LITIG), we
    helped drive a single legal invoice file format and a task-based
    billing standard for international use. We believe Barclays is the
    first legal department in the world to work closely with law firms to
    move an invoice in the international, VAT-compliant format of the
    Legal Electronic Data Exchange Standard (LEDES)."

    For more information on electronic invoicing standards, please
    visit www.ledes.org.

    About AIMS

    Advanced Invoice Management System (AIMS) is DataCert's web-based
    application that facilitates the approval and payment of electronic
    invoices between law firms and vendors and corporate law departments.
    Its primary purpose is to help managers control and manage internal
    work as well as proactively analyze corporate legal spend. Using AIMS,
    legal invoices are validated against established matter or project
    guidelines and routed, adjusted and approved for payment. Upon
    completion, invoices are posted in an internal or accounts payable
    system.

    About Barclays

    Barclays is a UK-based financial services group, with a large
    international presence in Europe, the USA, Africa and Asia. It is
    engaged primarily in banking, investment banking and investment
    management. In terms of market capitalisation, Barclays is one of the
    largest financial services companies in the world. It has been
    operating for more than 300 years with 25 million customers and
    118,000 employees in over 60 countries.

    About DataCert

    DataCert, Inc. is the largest and fastest-growing supplier of
    electronic invoicing and corporate legal spend management solutions.
    DataCert's products and services provide a substantial return on
    investment to corporations looking to better manage internal work and
    reduce outside legal spend. Headquartered in Houston, Texas, with
    European offices in London and Paris, DataCert has more than 7,300
    customers in 110 countries including 47 of the Fortune(R) Global 500.
    DataCert processes in excess of USD 9 billion of electronic invoicing
    data on an annualized basis. Visit DataCert at www.datacerteurope.com
    for more information.