What We Do » Cost Recovery
Cost Recovery
How can Creative Management Services increase the % of recoverable
reimbursable costs for our clients?
Have you evaluated your internal administrative costs to ensure there has
been a recent review of your copy/print/scan volumes and verified
that the client charges have been adjusted accordingly?
Does your current cost recovery system have the ability to capture costs for the following?
- Copy
- Fax
- Print
- Scan
- Phone
- Research
- Postage
- Couriers
- Catering
Does your current cost recovery system integrate with your:
- Time and Billing System
- Document Management System
- Litigation Support System
CMS's team of subject matter experts will conduct a complete cost analysis of the current cost recovery systems in place that are tracking all billable and non-billable expenses. CMS can analyze work processes to determine manual steps currently being performed that could be eliminated with automated processes and advanced technology.
CMS can assist in determining what the actual cost per print, copy and scan is for the firm. CMS can then make recommendations for net new revenue streams to be considered by the firm as part of your document management system.
CMS will perform cost recovery review and benchmark your present costs to industry averages and our proprietary database that contains the cost profiles of over a 100 different law firms nationwide. This benchmarking process validates all CMS recommendations to our legal clients.