Legal Fees, Expenses & Invoices
EXUS Legal Recoveries supports the registration and management of expenses that incur while performing litigation actions. Expenses refer to any kind of fee paid to a 3rd party, such as law offices / external agencies, taxes and other expenses paid to state authorities, or any other expense incurred during recovery.
It supports an unlimited number of types of expenses, managed by end users, such as “Asset Evaluation Fee”, “Court Appeal Fee”, “Travel Expense”, etc. Expenses may be registered through direct data entry from external associates – if the organisation has opted to provide its external associates (e.g. executors, bailiffs, etc.) with access to the system -, batch loading of expense files submitted by external associates, or even direct entry from a proxy (“on behalf” mode).
EXUS Legal Recoveries also manages the invoices relating to registered fees/ expenses. Invoices may be registered in the system through multiple ways, while validation rules may be applied during registration to avoid common errors. Invoices may follow an approval process, defined by end users, while approved invoices may be “pushed” to the bank’s accounting system for further processing.