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Spend management

As EIR (electronic information resources) and SaaS applications become mission-critical in law and business, unscheduled downtime and outages have become an important contract consideration. While efficiency, maintaining normal business operations and cybersecurity protection are chief concerns, the issue of possible cost recovery also is taking…

FedEx or UPS? That’s a question asked daily in mailrooms and shipping departments around the country. Most companies have relationships with both, and good shipping clerks know which one to use based on needs and circumstances. The two carriers have become similar, yet each one…

A few years ago, we published an article on average office supply costs per employee. In recent years, office supply costs have been trending upwards, so we decided it was time to revisit this topic.

Background checks have moved into the foreground with the recent tragedy at valve manufacturer Henry Pratt Company. In a shooting at the company’s Aurora, Illinois facility, several people were wounded and five Pratt employees lost their lives, including the gunman, who was being terminated the…

The legal industry relies on clean, actionable and timely financial intelligence on both public and privately held companies. Private company data is not as readily available as public company data, and while information on publicly held companies is easier to find, there’s a lot more…

We published many articles to the LAC Group blog in 2018, and we reviewed our site analytics to see which topics got the most interest across our various managed service areas. Some of them were no surprise—one of our key services is Research and Intelligence,…

Bracing for the possibility of a hard Brexit (the United Kingdom leaving both the EU and its single market), UK businesses who work with outside suppliers are taking efforts to manage risks related to Brexit uncertainty.   Such efforts include renegotiating vendor contracts, offering additional…

Maintenance, repair and operations (MRO) expenses often fly under the radar and for that reason tend to be easily ignored. MRO expenditures are those purchases that fall under the category of indirect spend and include things like cleaning products, safety equipment, maintenance supplies, spare parts,…

Paper pricing has been steadily increasing, with several upturns in the last 12-18 months, an anomaly for a spend category that has been stable and buyer-driven. We are seeing increases averaging 8-10%, with additional increases as high as 15% pending in January.