More value: Cost savings and increased confidence in the due diligence process with Bloomberg Law
There were also inefficiencies to solve before contracts reached Ferguson’s desk for review. In her role overseeing the procurement team, she identified the need for a more robust due diligence function.
The team had a resource for legal news, but were frustrated by continually hitting paywalls and upcharges to gain access to certain information.
Ferguson needed a cost-effective way to equip these teams to take on more of the research and due diligence work, so she chose Bloomberg Law’s flagship legal research platform.
With robust primary sources, including court opinions and dockets, and up-to-the-minute news and analysis, Bloomberg Law helps Medi-Share stay on top of litigation and other news that’s critical to assessing their risk profile and strategy. They particularly appreciate the unmetered access and all-inclusive platform, meaning they’ll never hit another paywall when catching up on the news.
Empowering the procurement team with due diligence research has saved Ferguson significant time.
“I have to review a lot fewer things than I used to,” Ferguson said. “I used to feel like I had to have my hands on everything. Now I feel like this is something that they can do on their own, and as much as they have confidence in their work, I also have confidence in their work.”
She estimates that she previously received eight to 10 due diligence worksheets to review every month – work she completed in the evenings after caring for her child.
“It’s saved three hours a month out of my schedule already,” Ferguson said.
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