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Examples
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Legal expenses for Fortune 500 companies range from about $20 million to $200 million a year, according to Courtney Sapire , chief marketing officer for RFx Legal, a consulting group that works with companies to reduce their legal spending.
Pricing Tactic Spooks Lawyers Patrick G. Lee 2011
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Sapire, RFx Legal's co-founder, president and chief marketing officer.
Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal 2010
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Through knowledge management templates, users can capture, distribute and reuse sourcing knowledge and best practices from the RFx step, through to reverse auctions and award allocation.
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Sourcing Manager automates RFx creation and distribution, supplier selection and negotiation with reusable library of templates that are accessible across an organization; automatically quantifies best award decisions.
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'Big picture e-sourcing requirements are complex, but most e-sourcing applications are not,' according to the report, which says RFx and bidding event functions are similar across various software packages, while the differentiators are performance management and direct materials support.
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"We estimate that RFx Legal can reduce the costs of legal services by 20 to 50 percent and reduce the time it takes to find and hire the right firms by 30 percent," said Courtney
Dallas Business News - Local Dallas News | Dallas Business Journal 2010
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Sapire, RFx Legal's co-founder, president and chief marketing officer.
Dallas Business News - Local Dallas News | Dallas Business Journal 2010
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The Strategic Sourcing module lets users more quickly create RFx, conduct real-time auctions, and award contracts and purchase orders.
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"We estimate that RFx Legal can reduce the costs of legal services by 20 to 50 percent and reduce the time it takes to find and hire the right firms by 30 percent," said Courtney
Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal 2010
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It gives visibility of sourcing preferences to requisitioners, supports local approval rules, provides integrated negotiation and procurement workflow, supports multiple types of RFx, negotiations through auctions/reverse auctions, requisitions, procurement including blanket purchase order, receipt and three-way invoice matching/reconciliation settlement, financial settlement flexibility and reconciliation to p-cards and direct invoicing.
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