One of the most urgent improvements for legal departments in Europe is having visibility over legal activities for audit and reporting purposes. Imagine how much time you could save by preparing for an audit or due diligence in a matter of hours. In order to reduce the burden of administrative tasks, legal departments can benefit from storing their information in a single place and having access to an overview that is easy to share and communicate with stakeholders.
This article outlines best practices for leveraging legal tech to access, manage and report on corporate information, including:
- Keeping an archive of corporate documents.
- Preparing for key events ahead of time.
- Visualising the company structure.
- Automating capital operations.