DataCert Strengthens Global Electronic Invoicing Platform with Adoption of International Electronic Data Exchange Standards.Compliance with Recently Enacted LEDES Standards Gives Corporate Law Departments Greater Flexibility in Tracking and Reporting on Worldwide Legal Spend NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- DataCert, Inc., the leading provider of electronic invoicing and legal spend management solutions, today announced that its Advanced Invoice Management System (AIMS(SM)) complies with the latest Legal Electronic Data Exchange (LEDES(TM)) international standards. In addition to supporting multiple currencies and assisting with 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. (VAT) compliance, AIMS will now allow corporate law departments to send legal invoices electronically in an industry-supported format. This compliance is critical for corporate law departments that conduct business with 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]
"LEDES 1998B International (LEDES 1998B-i) represents an essential building block for the standardized standardized pertaining to data that have been submitted to standardization procedures. standardized morbidity rate see morbidity rate. standardized mortality rate see mortality rate. exchange of electronic invoices worldwide," said Cole Morgan, member of the LEDES Oversight Committee (LOC LOC - lines of code ) board of directors and DataCert's director of sales consulting. The LOC is a non-partisan trade organization that administers the LEDES standards. Morgan continued, "Legal e-invoicing requires content-rich information and is far more complex than the quantity-driven standards seen in other industries. This new standard enables corporate legal departments to better manage global legal spend by addressing the specific requirements of international billing transactions. By integrating LEDES 1998B-i with AIMS, our clients will now have the ability to capture critical data - such as VAT and tax identification numbers - in a universally accepted format." In accordance with LEDES, AIMS will allow law departments to identify, process and report on standard fields such as vendor tax ID, client tax ID and tax summaries. This provides critical compliance and audit-ability functionality to corporations conducting business with international law firms and vendors. Availability This AIMS feature is available immediately. For more information, please contact DataCert at 713-572-3282 or e-mail nasales@datacert.com (North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. inquiries) or emeasales@datacert.com (international inquiries.) About LEDES The LEDES(TM) (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". ) file format is intended to serve as a standard file format to be used by the legal industry for the electronic exchange of information. LEDES was developed originally by PricewaterhouseCoopers and is currently administered by the LEDES Oversight Committee (LOC), a voluntary body consisting of industry representatives. It is the goal of the LOC that LEDES be an open, non-partisan standard and that LEDES be the single standard used for all billing within the industry. For more information on LEDES, please visit www.ledes.org. About AIMS Advanced Invoice Management System (AIMS) is DataCert's web-based application See Web application. that facilitates the approval and payment of electronic invoices between law firms and vendors and corporate law departments. Its primary purpose is to help managers proactively analyze corporate legal spend. Using AIMS, legal invoices are validated against corporate outside counsel guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. , routed, adjusted and approved, then posted to a matter management and/or accounts payable system. About DataCert, Inc. DataCert, Inc. is the largest and fastest-growing supplier of electronic invoicing and corporate legal spend management solutions. DataCert's products and services provide a substantial return on investment to corporations looking to take control of their outside legal spend. With more than 7,300 customers in 110 countries, including 56 of the Fortune([R])500, DataCert processes in excess of $9 billion of electronic invoicing data on an annualized annualized 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. DataCert is headquartered in Houston with regional offices in London and Austin. Visit DataCert at www.datacert.com for more information. |
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