CybersettleCybersettle uses a patented, double-blind bidding process focused exclusively on money. Through this bidding process, disputants or their attorneys submit confidential monetary offers and demands for settlement of their claims. The case is settled instantly if the offer is equal to or greater than the demand. If the offers and demands are sufficiently close, Cybersettle suggests a settlement amount in the middle of these numbers that the parties may accept or reject. Parties may also choose to work with a neutral who will facilitate negotiations over the telephone in an effort to help the parties reach a mutual resolution. Cybersettle has settled thousands of disputes, but is only appropriate for resolution of claims where there are no unresolved liability issues and nuisance value has been established. Cybersettle has been used by the City of New York and saved NYC over $11 million in claim resolution costs in 2004 alone.