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KEY ADVANTAGES OF SERENGETI
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Serengeti connects you with all of your firms,
not just the largest ones
Many vendors can connect you only with your largest law firms because
their systems require the generation of complex data formats, and they charge law
firms large usage fees. As a result, they take many months or
even years to connect only a minority of a company’s firms. Once
implemented, they still require that the company maintain a separate
system to process paper bills from smaller firms, and they can't produce
complete reports that include all spending.
Companies on Serengeti generally connect all of their law firms
regardless of size or location. The largest corporations with law
department offices and firms around the world (such as
Amazon.com and
Alcatel Lucent) have been up and running in less
than three months, from contract signing to complete implementation of
all of their offices and firms worldwide. We can commit to a quick and complete implementation because: (1) our system
is designed for ease of implementation, with no requirements that law
firms customize their software to generate non-standard LEDES bills and other
special data; (2) we can efficiently process non-LEDES billing formats
such as Microsoft Word, Adobe PDF, etc. (facilitating implementation of
foreign and smaller law firms); and (3) we do not charge law firms to
use Serengeti. If an efficient, low-risk implementation is a priority
for you, then Serengeti
is the best option.
Serengeti does not impose charges on your law
firms, which generally come back to you
Most e-billing vendors impose significant charges on your law firms for
the privilege of sending in electronic bills (assuming they can generate
the required outputs). These charges are generally $1,000-$3,500
per year or
more per firm. Some vendors charge a percentage of the bills submitted
by the firms, generally in the range of 1-2% of their billing, which can
create huge costs for some firms. It is unrealistic to expect law firms
to absorb all of these charges for a system they didn't select, or to spread them across their other clients
that don't bill electronically; instead, they recover these costs from
the clients who require them to use these systems.
Sometimes these charges are recovered explicitly as expenses on your
bills; other times they are indirectly recovered through lower discounts,
higher hourly rates,
rounding up, etc. Therefore, when comparing pricing, it is prudent to
determine
what other vendors will charge your law firms, assume that any such
charges will make their way back to you in some form at the end of the
day, and include law firm charges in your total system cost. In order to accomplish complete implementations, and to make it
easy for law departments to know exactly what the system will cost them,
Serengeti has chosen not to charge law firms. Taking law firm charges
into account, Serengeti costs significantly less than other comparable systems.
Serengeti provides e-billing and matter
management in a single system
Many vendors provide only e-billing or only matter management (and
most matter management systems do not connect to law firms). Some
systems claim to “integrate” with each other. This means that you are
dealing with two different vendors, two sets of charges, two different
systems for your users and law firms to learn, and limited interplay
between the systems (along with potential finger pointing when problems
arise).
Because Serengeti is a single system, there is complete integration of
financial and matter management—not just
limited sharing of selected information. For example, no other system
allows you to require status updates, budgets, and liability estimates
and enforces deadlines by holding firms' bills on that
matter until they provide the required
information. In-house counsel on Serengeti are enthusiastic
about this unique tying together of matter management and e-billing,
which ensures that companies have up-to-date information without having
to repeatedly ask their law firms. In addition, integration means that
reports include not only detailed spending data, but also current
status, exposure estimates, and results achieved, all pulled from the
different functions in Serengeti.
Training, system configuration
maintenance, upgrades, and cost all involve much less time and expense
with Serengeti than with multiple systems. The so-called “integrations”
of other e-billing and matter management systems do not provide the
clear advantages of having all legal management functions in a single
system.
Serengeti’s entire system costs less than what other vendors
charge just for basic e-billing
Serengeti charges a fixed
monthly fee to the law department, which is generally less
than what most vendors charge a company and its law firms just for
e-billing. The minimum term is only one year. During that term,
there is a fixed monthly use charge that does not fluctuate due to
changing numbers of users, amounts of bills put through the system,
etc. Unlike other vendors, we do not charge law firms to use the
system, because such charges often result in higher legal bills for the
client.
Serengeti completely implements the world’s largest law
departments in less than three months
Unlike other systems that
involve time-consuming, difficult implementations that drag on for
many months or years, the average Serengeti implementation is ten
weeks. This includes the upload of existing databases, system
configuration, and training of in-house and law firm users. Training
takes place by phone and is accomplished in only an hour.
Serengeti
handles foreign currency bills, reporting, and preferences
Unlike other systems, Serengeti has long been used by multi-national
companies to process electronic bills from foreign firms and view
financial data in any currency. In Serengeti, each user can choose a
"Preferred Currency" for viewing financial information in the system.
Once selected, all incoming bills, budgets, liability estimates, and
reports are displayed in both the user's preferred currency and the
original currency (if they are different).For example, a lawyer in the Singapore office of a U.S.-based law
department may want to see all bills and reports in Singapore
dollars regardless of the denomination submitted by the firm (Japanese
yen, Thai baht, etc). If needed, the lawyer can change their preferred
currency at any time and all of the financial data will instantly change
to the new currency. This data is also automatically displayed in U.S.
dollars back at the home office in the United States.
In addition, each company can configure Serengeti to automatically
match their accounting department's schedule for updating currency rates
from the inter-banking exchange. This ensures that spending amounts in
Serengeti and the AP system don't vary due to currency fluctuations.
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Serengeti is the most widely accepted e-billing
platform among law firms, and is growing quickly, both in terms of users
and new functions With over law firms in more than countries,
Serengeti maintains the largest e-billing network in the world.
The new law departments joining Serengeti each month are finding that
a
vast majority of
their law firms are already working on the system with other clients.
Serengeti also has more than in-house counsel
using the system and sharing their best practices and suggestions for
new functionality. In addition, we were chosen by the Association of Corporate Counsel
(ACC) to
conduct an
annual survey of their members, and to write a 160+ page
report summarizing the latest techniques used by in-house counsel to
manage their work with outside counsel. We incorporate all of this
user feedback and survey data into useful new Serengeti features,
including an average of two major upgrades per year (all of which
are free to customers).Our leadership, industry expertise, and close partnerships with
clients have resulted in no law department ever leaving Serengeti to go
to another system,
but many have come to Serengeti from other systems. With
our unique insights into what law departments are doing,
Serengeti will continue to provide a cutting-edge system that evolves to
meet the changing needs of the in-house profession, and the law firms
that they manage.
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SELECTING A SYSTEM
Learn more about Serengeti
Additional sales materials are available to download and distribute
within your department
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