Brightflag

Brightflag is an AI powered legal enterprise and spend management platform for corporate legal teams who want to operate more efficiently. Using Brightflag, corporate legal teams achieve visibility into their operations, streamline internal workflows, and engage with outside counsel more efficiently. 

Brightflag has the following features and functions: 

Vendor Billing
Eliminate manual work with AI-assisted invoice review. Brightflag automatically processes PDF and LEDES invoices.

Accruals & Financial Close
Automate accruals and integrate with your accounts payable system for a complete picture of legal spend.

Budgeting & Financial Planning
Track budgets at matter, department, or cost center level, understand spend at a glance, and forecast with ease.

Vendor Benchmarking
Compare resourcing, rates, and discounts. Our team will guide you with best practices and industry norms.

Ask Brightflag
A Generative AI Assistant for legal spend and matters. This technology allows in-house team members to manage legal spend and matters using conversation instead of clicks. 

Funding Information:
Brightflag has raised a total of $39.1M in funding over 7 rounds. Their latest funding of $28M was raised in December 2020 from a Series B round from Frontline Ventures, One Peak, Sands Capital Ventures, and Tribal.vc.