Why adopt a dedicated solution and how to choose one?
An Entity Management Solution empowers organizations to effectively manage their entities, drive growth, and achieve their strategic objectives.
Why is it crucial to have a digital platform to manage subsidiaries, shareholdings, capital transactions, corporate organizational charts and data related to your legal activities?
In this guide we will provide an answer to this question and see which criteria to consider when evaluating and choosing a dedicated solution.
Representing In-house counsel and General counsel from 85 countries on six continents, the Association of
Corporate Counsel (ACC) has highlighted the reality on the ground for many companies. In its report, “An Inside Look at Legal Entity Management Practices”, published in April 2022 in collaboration with Deloitte, it used responses from 500 companies to detail legal entity management issues. The results show that the governance of subsidiaries is of better quality when the company chooses leading practices.
Although 73% of the participating companies express dissatisfaction or a neutral opinion on the technologies used, they nevertheless recognize that they are necessary for better management.
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An entity management solution is crucial for organizations to streamline operations, foster collaboration, ensure compliance, make informed decisions, maintain data security, save time and costs, and adapt to changing needs.
It empowers organizations to effectively manage their entities, drive growth, and achieve their strategic objectives.