Have your ever been frustrated trying to keep legal expenses under control? You have defense firms all over the place and some of them seem to rack up T&E billings with impunity. What do you do? Well, how about setting up a web portal where your defense firms go to submit their budgets. When a budget is submitted (with an accompanying defense plan) the budget is routed through your approval que. Once it is approved, the budget (and potential billing) is set in stone unless the attorney submits a request for additional funding. Its sort of like an adjuster having to fill out a reserve worksheet and submitting it for approval. (We’ll cover that in another blog post),
Now, when the bill comes in, there had better be an approved budget or the bill doesn’t get paid. Yes, you can buy expensive and complicated systems to accomplish this task, but how about taking a few days out of your schedule to add this functionality to your RMIS. Even setting the whole thing up yourself at no additional cost.
This capability exists today and is being used by your peers!
