SYKE Spend Management Survey
At SYKE, we believe Spend Management should be simple and straightforward. Please complete our Spend Management Questionnaire for the opportunity to be offered a
free one-hour session
with our team of experienced Spend Management Consultants.
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1.
Full Name
(Required.)
*
2.
Email address
(Required.)
*
3.
What are your spend objectives? Please pick your top 3
(Required.)
Cost Savings
Reliable Spend Forecasting
Effective Budget Management
Competitive Outside Counsel rates and improving your Relationship with Outside Counsel
Building Guidelines
Internal Resources used efficiently and responsibly
Meaningful Reporting
Simple to use system for both internal and external resources
A fool which integrates with your organisations other strategic platforms and legal technology roadmap
Greater collaboration between Legal, IT, Finance and Procurement
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4.
What functionality is most important in a spend management tool? Select all that apply.
(Required.)
Matter Management
Invoicing functionality
Collaboration with External Counsel (rates management, RFP capabilities, benchmarking against other vendors)
Collaboration between internal Legal Teams and/or the Business
Reporting Capabilities
Customisation of the tool e.g., data points, system setup, matter intake
Budgeting/Accruals
Integration with other technology
Managing Legal Risk
Optimising Legal Processes
Ensuring compliance with Billing Guidelines
Other (please specify)
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5.
What challenges do your team face when implementing your spend objectives? Select all that apply.
(Required.)
Change Management: difficulty in convincing Legal Team of your spend objectives
Managing stakeholder expectations within Legal, Procurement and Finance
Quality of data available
External Counsels' non-compliance with your Billing Guidelines
Lack of understanding of current processes
Security of current data sets
Limited resources available
No clear starting point for improvement
Budget restraints for implementation of any Technology
Unrealistic timeframes for change
Location of Legal Teams
Lack of Support
Other (please specify)
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6.
How do you track external legal spend? Select one
(Required.)
Matter Management Tool (without invoicing capabilities)
Designed Spend Management Tool
Native/Internal Solution
Microsoft Excel
Microsoft Outlook
Post-it
Other (please specify)
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7.
What are the most relevant data points for reporting on external spend. Select all that apply
(Required.)
Matter Data: information about the work undertaken, legal teams responsible, jurisdictions covered, responsibility for costs
Law Firm Data: who is working on your matters, their location, timekeeper rate information
Spend Data: who has spent what, when and why
Budget Information
Accruals/Work in Progress
Employee Data
Other (please specify)
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8.
Understanding your landscape: What is your current role at your organisation?
(Required.)
General Counsel
Accountant
Legal Operations Manager
In-house Counsel
Finance Manager
Other (please specify)
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9.
Understanding your landscape: Which sector does your orgnaisation operate in?
(Required.)
Legal
Finance
Technology
Healthcare
Manufacturing
Retail
Consulting
Other (please specify)
*
10.
Understanding your landscape: How many employees does your organisation have?
(Required.)
Less than 50
50-250
251-500
501-1000
1001-5000
More than 5000
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11.
Understanding your landscape: How long have you worked for your current organisation?
(Required.)
1 to 3 years
3 to 5 years
5 to 10 years
More than 10 years
*
12.
Understanding your landscape: Do you currently have a Spend Management Tool in place?
(Required.)
No
If yes,please specify
