Financial Services round

    Legal solutions for Financial Services

    Financial Services businesses are heavily regulated, and keeping up with continuous changes in local, national, and international regulations is a daunting task. Legal professionals must ensure that all technology solutions support compliance, whilst also aiding efficiency and collaboration.

    Document Management Systems (DMS) supported with Contract Lifecycle Management (CLM) and matter management solutions can transform Financial Services legal operations by enhancing efficiency, security, and compliance with integrated, cutting-edge technologies designed for legal professionals. 

    Legal technology selection

    The breadth of Financial Services legal solutions can make it challenging to know where to start. This is where Ascertus can help to establish objectives associated to business needs, in order to shortlist appropriate solutions. Our full range of solutions includes:

    Document Management Systems | Contract Lifecycle Management | Matter Management | Intake & Triage

    Document & Workflow Automation | Legal Spend & eBilling | Digital Signatures | Data Discovery | Know Your Customer

    iManage DMS

    iManage DMS

    A Document Management System, such as iManage, is the cornerstone of any Financial Services legal department. A single searchable repository for all business content.

    > iManage DMS

    CoFlo

    Co-Flo

    Extends and enhance a DMS with matter management capabilities. Quickly and easily kick-off a matter by accessing the Matter Creation Smart Form from your DMS in your browser.

    > Co-Flo

    Lawcadia

    Lawcadia

    Matter intake and triage provides intelligent, streamlined and automated workflows between your internal clients, in-house legal department, and even your external law firms.

    > Lawcadia Legal Operations

    ActiveNav

    ActiveNav

    Purpose-built for unstructured data discovery, ActiveNav Cloud provides deep insights and delivers a sensitive data risk audit in a single pane of
    glass, right out of the box.

    > ActiveNav Data Discovery

    Sysero

    Sysero

    Help to keep on top of your KYC requirements with automated workflows to streamline the client intake process and implement a better way to capture crucial client details.

    > Sysero Know Your Customer

    Docusign

    DocuSign

    Docusign eSignature is trusted by hundreds of millions of users world-wide and meets electronic signature regulations, including eIDAS.

    > Docusign Digital Signatures

    Litera

    Litera

    From document drafting and comparison, legal data management, to metadata cleaning and data loss prevention. Litera offers a suite of legal tech solutions.

    > Litera Document Comparison

    syncly-1

    Syncly

    Data synchronisation ensures up-to-date, consistent information across systems, reducing errors, eliminating silos, and enhancing collaboration.

    > Syncly Data Sync and Archive

    Speak to an expert
    CLM DMS round

    Document Management Systems and Contract Lifecycle Management solutions work hand in hand

    Contract Lifecycle Management (CLM) is a critical component in the legal operations, where the accuracy and accessibility of contract-related documents directly impact business outcomes. This is where a Document Management System (DMS) like iManage proves invaluable. By integrating iManage DMS into the CLM process, legal departments can enhance efficiency, compliance, and decision-making capabilities.

    Why do legal tech solutions fail?

    Legal tech solutions may fail due to poor user adoption, inadequate training, and lack of proper integration. If a solution isn't user-friendly or well-integrated with other tools, or if its benefits aren't clear, users may resist adopting it and continue using familiar, less efficient methods. In this situation it becomes challenging to achieve ROI, or the implementation can fail altogether.

    The Ascertus solution

    At Ascertus we work collaboratively. This means we work in partnership with our clients to:

    • Establish the business needs and objectives
    • Review appropriate solutions
    • Build an implementation strategy
    • Develop a bespoke onboarding program
    • Train employees to ensure adoption
    • Provide ongoing support and advice

    Everything you need to for a successful implementation.

    Implementation process

    You're in good company

    Credit Suisse
    Bank of Ireland
    Lloyds Bank
    KPMG
    Danske Bank

    Four steps to start your legal tech journey

    Book a meeting

    One of expert consultants will discuss any business pain points and objectives.

    Product demo

    Based on the initial discovery we will tailor a solution and demo the benefits.

    Project scope

    Align on timings, budget and project structure, to support the Business Case

    Strategy defined

    An in-depth implementation strategy is defined to ensure projects success.

    Speak to an expert

    Legal technology resources

    iManage for beginners

    Watch our iManage for Beginners tutorial.

    Financial Services Legal Tech

    Financial Services Legal Technology Guide

    Financial Services Articles

    What are the benefits of legal technology?

    Legal technology enhances efficiency and accuracy in document management and contract lifecycle management by automating routine tasks, improving data security, and aiding regulatory compliance. It reduces costs, increases scalability, and improves decision-making through advanced analytics. Additionally, these technologies facilitate better client engagement and resource management, making legal services more accessible and efficient.

    How is tech changing the legal industry?

    Advanced technologies like AI and machine learning allow legal professionals to automate routine legal tasks—enhancing speed, accuracy, and freeing lawyers to tackle complex issues. Document Management Systems are now widely used to efficiently organise, store, and retrieve data, while Contract Lifecycle Management solutions streamline processes from drafting to execution, ensuring compliance and reducing manual labor.

    What are the disadvantages of legal technology?

    Legal technology solutions can be expensive to implement, however the risks of not using technology that supports compliance and offers auditing capabilities, is far greater. AML and KYC regulations are intensifying, along with an increase in wider data legislations, such as GDPR. It is now more important than ever for businesses to ensure they have best of breed legal solutions in place to help mitigate risk.

    What our clients have to say

    We don't expect you just to take our word for it. Our clients span a wide range of industries and sectors, in lots of different countries. See how Ascertus has helped them.

    LUNDGRENS

    Ascertus clearly stood out for its professional attitude towards customer communication. Also, unlike many other organisations, the company lays equal emphasis on providing support services and delivering technology implementations. This approach clinched the deal for us.

    Nikolaj Clausen, Chief Technology Officer

    LUNDGRENS
    NAUTADUTILH N.V

    Ascertus displayed great eagerness to understand our requirements and suggest approaches that would solve our problems. Executives from the CEO downwards were involved in discussions with us, which gave us a good insight into the company’s cultural attitude towards the delivery of support services.

    Jurian Hermeler, ICT Director

    NAUTADUTILH N.V
    Shepherd + Wedderburn

    Ascertus continue to impress us with their knowledge and professionalism. Their deep understanding of the iManage suite allows them to efficiently resolve the complex issues that we escalate to them allowing us to focus on delivering benefits to our firm.

    Steve Dalgleish, Applications Manager

    SHEPHERD & WEDDERBURN
    Cardano

    It’s clear to us that the Ascertus team has sound knowledge of iManage Cloud. They are working with us patiently and systematically to meet our system requirements. Their approach to working is very straightforward and professional – with a lot of emphasis on attention to detail.

    Miriam Lindsay, Senior Legal Counsel

    CARDANO
    OCWM

    Implementation of iManage Cloud has been painless. Ascertus and our IT service provider worked collaboratively to deliver the solution to the firm. Our involvement was only in the initial design stages to decide things like policies for file naming and matter workspaces in the application. It could not have gone smoother.

    Aoife Cullen, Office Manager

    OCWM LAW
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