Brightflag launches new budgeting features to provide corporate legal teams with greater control over their legal spend

Global News

13
Sep
2023

Editor

Brightflag, the modern e-billing and matter management platform that enables corporate legal teams to operate like a business, today launched several new budgeting features to help corporate legal teams confidently manage their legal spend. These updates come at a time of intense scrutiny over budgets, as the challenging macroeconomic environment leads companies to value cost efficiency and predictability more highly than ever. 

The new budgeting features enable legal teams to collaborate with their vendors to set, enforce, and report on matter budgets on a fiscal quarter, fiscal year, or life-of-matter basis. In addition, the new features extend Brightflag’s existing budgeting capabilities which enable in-house to track matter budgets by phase and by month, and to set top-down budgets at the overall, department, legal entity, or vendor level. 

With the new capabilities, Brightflag customers can align their processes with the planning preferences of their finance team. In some companies, finance teams prefer to set budgets by fiscal year, while others require more granularity and therefore use monthly or quarterly budgets. In-house teams can use Brightflag to create budgets at the level of granularity preferred by the finance team, easing the budgeting process. 

“Brightflag’s mission is to enable legal teams to create and protect business value by effectively controlling their budget,” said Ian Nolan, Brightflag CEO and co-founder. “Our new features enable legal teams to improve their budgeting and be an even more effective financial steward for their business”. 

To learn more, join the webinar on September 26th, where Brightflag’s Director of Customer Insights Sinead Kenny and Customer Success Team Lead Maureen Casey will explain how Brightflag enables legal teams to manage their budget effectively.