Case Study: Financial Services Compensation Scheme achieves real-time legal spend visibility with Apperio

Financial Services Compensation Scheme resolves 90% of budget disparity with Apperio

The Financial Services Compensation Scheme, a UK non-profit and significant user of legal services, faced a challenge with opaque legal spend. Disparities between budgets, internal expectations, and actual invoices made forecasting and budgeting difficult, largely due to unaccounted Work In Progress. They implemented the legal spend tracking service from Apperio to gain visibility.

Apperio provided a shared dataset used weekly by both finance and legal teams, replacing delayed invoice reporting with real-time WIP data. This solution resolved 90% of the budget disparity caused by Work In Progress. As a result, the FSCS now benefits from confident month-to-month forecasting and budget-setting backed by reliable data, and has a foundation for building more credible business cases for the board.

Financial Services Compensation Scheme