DataCert Continues Global Initiative with European Intellectual Property Electronic Invoicing Seminars.LONDON -- DataCert, Inc., the leading provider of legal and IP spend and matter management solutions, continues its commitment to Europe's legal community with a recent round of on-site seminars in Brussels, Zurich, Amsterdam and Athens focused on providing information and updates on electronic invoicing to IP patent and trademark agents. A growing number of Fortune([R]) Global 500 corporations are now requesting agents and lawyers worldwide to submit bills in an electronic format. Legal electronic invoicing, although a common practice in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , is especially complex in Europe where value-added tax value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each level. regulations require additional verifications and approvals. DataCert has led the industry in providing a series of seminars, both on-site and on-line, to facilitate law firm and agent participation in the electronic invoice submission process. These seminars provide IP agents and attorneys in Europe with information on how to successfully create and submit invoices for corporate clients' review and payment. "Patent and trademark agents and law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. , general manager, intellectual property solutions, DataCert. "Providing our experts to answer questions and lead discussions in person is absolutely critical to explain the strategic benefits related to electronic invoicing and the need for participation." Each seminar included discussion on the following topics: * Overview - The business purpose and challenges surrounding electronic invoice submission * Basics - The technology, installation and submission processes * Formats - The standard formats for electronic invoices as approved by the Legal Electronic Data Exchange Standard The Legal Electronic Data Exchange Standard is a set of two file format specifications intended to standardize bill/invoice data transmitted electronically ("e-billed") from a law firm to a corporate client. It is abbreviated LEDES, and usually pronounced as "leeds". (LEDES) * Billing codes - The Uniform Task-Based Management System The Uniform Task-Based Management System (UTBMS) is a set of codes designed to standardize categorization and facilitate analysis of legal work and expenses. UTBMS was produced through a collaborative effort among the American Bar Association Section of Litigation, the (UTBMS UTBMS Uniform Task-Based Management System ) standard IP code sets and its role in the billing process * Best practices - Peer case studies DataCert will continue its IP initiative through seminars and presentations in 2008. For more information, please e-mail IP@datacert.com. To date, DataCert has participated in or hosted more than 20 educational, Europe-based events focused on electronic invoicing basics and best practices. About DataCert([R]), Inc. DataCert, Inc. is the largest and fastest-growing supplier of legal and IP spend and matter management solutions. Corporate counsel rely on DataCert's products and services to manage legal activities and provide transparency into outside legal spend. With 57 Fortune([R]) Global 500 clients and customer connections in 115 countries, DataCert processes in excess of $9 billion of electronic billing Electronic billing is the electronic delivery and presentation of financial statements, bills, invoices, and related information sent by a company to its customers. Electronic billing is also referred to as the following:
Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis. Visit DataCert at www.datacerteurope.com for more information. |
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