As soon as you have understood the core features and the overall concept, let us offer you a more individualised quote. Get in touch with our team, who will leverage the years of experience and success, value-driven initiatives to discover the combination that will suit best your exact case.
The development and implementation of the vendor management system is a multi-step process. First, we select the indicators that will be entered into the evaluation scorecard and, finally, affect the selection process. In many cases, the first metric to be considered is related to the price, such as the member's billing rate paid to each company on the company's panel. It's a good start, but price control is just one of the objectives of legal operations. You need a more complete set of metrics. Compare all the important elements with regard to the administration of vendors. The challenge is to select metrics to understand which company meets expectations from the perspective of the relevant variables, such as price, material cycle time, result and compliance with billing guidelines.
Consultation with internal lawyers is beneficial to achieve a complete and informed series of indicators. Once you have established expectations, brainstorm all the different ways and compare them with those expectations. If you feel that you can’t find the right solution for your business, contact us to discuss your case and develop your own vendor management system to meet all your needs.