Definition
Expenses as a Percentage of Total Vendor Spend (EPVS) is a metric for monitoring the expense portion of vendor spend, especially as types of expenses in invoices evolve over time. While copying and faxing once dominated, today's expenses are more focused on technology tools, e-discovery costs, remote work accommodations, and more. Establishing a baseline for these expenses helps identify trends, while understanding the context allows for fair negotiation with vendors. Benchmarking against industry standards and maintaining clear, comprehensive billing guidelines help your vendors stay informed about your policies and remain efficient.
Data Sources
EPVS data is mainly located in e-billing platforms, matter management system, or even manual invoices.
Filters
In many ways, you can filter this metric, such as:
Time Period
Vendor
Practice Area
For a deeper dive into this metric and other KPIs, be sure to check out my book, Legal Operations KPIs on Amazon in English / Spanish or eBook on Google Play English / Spanish. It offers comprehensive insights and detailed explanations of over 80 metrics and KPIs to help you optimize your legal department's performance.
Visit LegalOpsKPIs.com for more information, exclusive resources such as expert interviews, a chart library, Excel templates, and to connect with a global community of professionals committed to advancing Legal Operations through data-driven insights.
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InfiniGlobe is a full-service consulting and software company. We have 20+ years of industry experience working with top corporate legal departments and law firms. Contact us at info@infiniglobe.com or at (833) LGL-TECH.
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