Brightflag brings together rigorous budgeting capabilities and AI-powered legal spend forecasting software in a single, easy-to-use interface, enabling in-house teams to take control of their legal spend.
Brightflag supports both top-down (e.g., by department, country, or practice group) and bottom-up (by matter or phase) budgeting. Whatever your approach to financial planning, Brightflag helps you tie everything together and convert it to your preferred currency
The first step in taking control of legal spend is to set budgets consistently. Brightflag centralizes this effort, providing a single interface for requesting, approving, and tracking changes to budgets. That means no more complicated spreadsheets and endless email approval threads.
Brightflag leverages big data and machine learning to predict how much spend is likely to be incurred under each budget. This sophisticated technology delivers the legal spend predictability that has eluded in-house teams for decades, creating confidence in cost control initiatives.
Compare similar historic matters to set appropriate budgets. Delve into the data to understand the hours worked, the resourcing profile, and the costs for individual tasks and activities. Historical data can also be used to separate large and non-recurring matters from ongoing work and inform annual budgets.
As well as enabling the legal team to work more efficiently, we are now much more aware across our spend and budget.