6 Benefits of Using a Legal Global Entity Management System

With all entity data stored in a central entity management system, business users now have a single source of truth where entity data can be accessed. When ... ProductOverviewThecloud-baseddatabasethatmakesrunningyourbusinessandcollaboratingwithstakeholdersinoneplacepossible.ManagingOrgChartsVisualizeentitiesandstakeholderstoensurethatnoopportunityortaskfallsthroughthecracks.ManagingCorporateEntitiesCentralizeregistration,governance,ownership,taxandcompliancedataforentitiestocreateasinglesourceoftruth.ManagingEquityAthennianhelpsyoumanageequitysothatyoucanfocusoncreatingthebestpossibleplanforyourclients.ManagingCorporateComplianceRecord,trackandgetnotifiedforanycomplianceevent,includingannualreports,taxes,licensesandregistrations.Reporting&AnalyticsVisualizeyourdatathroughcustomreportsandchartsforownership,governance,complianceandmore.AutomatingManualProcessesWorkfasterwithAthennian’sautomationfunctionalitytosavetime,improvedatareliabilityandoptimizeprocesses.Access&IntegrationsGrantpermissioncontrolledaccesstousersinsideandoutsideofyourorganization.ServicesTrainingandSupportLeveragetheexperts.Athennianiscommittedtoexperttrainingandsupportfromthestart.DataMigrationWeknowyourentitydataisbusiness-critical.Letusdotheheavylifting.AutomatedDocumentSetUpSeamlesslyintegrateyourdatabasewithcustomtemplatestocreatequick,signature-readydocuments.DocumentScanningDigitizeyourphysicaldocumentssafelyandsecurely.ProfessionalServicesParalegalservicesforsmalllawfirmsandcompanieswhowishtohandoffadministrativeburdens.ResourcesResourceHubOuranalysisandresearchontrendsingloballegalentitymanagementandcorporategovernance.UseCasesHowinnovativeteamsacrossmanyindustriesleverageAthennianfordigitalentitymanagementtransformation.CaseStudiesThebusinessimpactofAthenniansharedincustomersuccessstories.NewsStayup-to-dateonAthenniannews&announcements.HelpCenterUserguides,manuals,andhelpdocstolearnhowuseourfeaturesandgetthemostoutofAthennian.Security& ITLearnaboutourindustryleadingcloudsecurity,infrastructureandbackupsystemstoprotectyourdata.PricingProductTourBookaDemoArticles6BenefitsofUsingaLegalGlobalEntityManagementSystemby JoshMalateLegaloperations,corporatesecretaries,complianceandgovernanceprofessionalsaresomeofthebusiestpeopleinanyorganization.Althoughtheyareresponsibleforhigh-detailworktoensurethatthebusinessremainscompliantwithlocalregulations,theyareofteninterruptedbyfrequentquestionsaboutentitiesinthesubsidiarygroupthatrequirethemtopulldocumentsorrunreportsforotherbusinessunits. WhenthistypeofworkisbeingdonethroughExcelspreadsheets,shareddrivesoroldentitymanagementsystemslikeBlueprint,GEMS,CSCorhCue,inefficiencyandriskisaddedtothecomplianceresponsibilitiesofthelegaloperationsteam.Thebenefitsofamodernlegalentitymanagementsoftwaresystemcanhaveasignificantimpactonreducingthisburdenonlegalprofessionals. 1.LessinterruptionsandproactivecomplianceByenablingbusinessuserstoruntheirownreportsandencouragingcollaborationthroughtoolslikenotifications,tasksandworkflows,modernlegalentitymanagementsoftwareallowsentitymanagementprofessionalstofocusonentitycomplianceinsteadofrunningreportsandextractingdataforbusinessusers.Thismakescomplianceactivitieslessreactiveandmoreproactiveastheentitymanagershavemorecapacityandfocus. 2.ReduceentityriskWithalltheinformationinacentralizedplacewithhighdataintegrity,usersareabletoleverageautomatedworkflows,remindersandcompliancecalendarstobettermanageentityrisk.Withreal-timedatadashboards,stakeholdersareabletounderstandtheexactstatusofeveryentityandcomplianceactivity.3.CreateasinglesourceoftruthWithallentitydatastoredinacentralentitymanagementsystem,businessusersnowhaveasinglesourceoftruthwhereentitydatacanbeaccessed.Whenentitydataiscentralized,accessibleandhighquality,humanerrorisreducedleadingtohigherqualitydatareportsanddecisionmaking.ThestrategicvalueisthateveryonefromthecompliancemanagerstotheBoardarelookingatthesamedataset.Thisleveloftransparencydriveshigherqualityofworkbecausethereisimmediateaccountabilityamongthecomplianceteamfordataintegrityandcompliancelevels. 4.CreateacultureofcomplianceandprideinthedataintegritySimilartothesatisfactionyougetwhenorganizingyourdesk,whenentitydataisorganizedintoanentitymanagementsoftware,legalteamstakeprideinthenewdataintegrityandsystemandwillcreateacultureofmaintainingthatintegrity.Thisprideinthenewlyorganizeddata5.ProvidepermissionedandsecureaccessAmodernglobalentitymanagementdatabasesystemcangiveanyoneaccesstoentitydataquicklyandeffectively.Toprovideresponsibleaccess,modernentitymanagementsystemscanprovidedifferentaccesspermissionsincludingviewonly,restrictededitingandsummaryonlyviewstoensurethattheappropriateconfidentialitylevelsareinplace. Athennianisthetopreviewedlegalentitymanagementsoftwareusedbycorporatesecretaries,paralegals,lawclerks,lawyersandsubsidiarygovernanceprofessionalstostreamlineandautomatetheirentitymanagementworkloads.Athennianistheonlymodern,cloud-basedglobalentitymanagementsystemwithelegantfeaturessuchaseSignature,friendlyinterfacesandtask-basedworkflows.AboutAthennianAthennian.comisthetopreviewedlegalentitymanagementcloudplatformforlawfirmsandin-housecorporateteams.Athennianisusedbyinnovativeorganizationsthatvaluemodernsoftwarewithelegantautomationandworkflows.Integratingentitydatamanagement,documentassembly,eSign,orgcharts,ande-file,Athennianisselectedbyleadinglawfirmsandcorporatelegalandtaxteamstoscalelegalentitygovernance.AthennianoffersrapidmigrationservicesforcustomersfromanylegacydatabaseincludingALF,CorpLink,EnAct,GlobalAct,EnGlobe,FastCompany,CorporateFocus,Blueprint(DiligentEntities),GEMS,hCue,Effactsandmore.Tags:DataManagementRegulations&ComplianceContinuereading5BenefitsofHavingaSingleSourceofTruthArticlesApril8,2022by ZachKent5BenefitsofHavingaSingleSourceofTruthArticlesJun27,2021by ZachKentHowtheRightSoftwareCanHelpYouManageHeavyVolumesofClientDemandsArticlesApril6,2022by MollyGrevilleHowtheRightSoftwareCanHelpYouManageHeavyVolumesofClientDemandsArticlesJun27,2021by MollyGrevilleManagingCorporateGovernanceRiskin2022‍ArticlesApril4,2022by ZachKentManagingCorporateGovernanceRiskin2022‍ArticlesJun27,2021by ZachKentTalktoanexpert.Datamigrationdoesn'thavetoholdyouback.Let'stalkaboutwhat'srightforyourteam.RequestPricing"Veryeasytouse,moderninterface,excellentsupport.Athennianhasanamazingconversionteam.Theyhelpedusmigrateallofourdataandthetrainingwasverygood."MeganW,Director“Whenwewerereviewingotherentitymanagementsystemsonthemarket,insomecases,wewerenotcomparingapplestoapples.ButwithAthennian,therewasreallynocomparison.Theparalegalsweresoexcitedtocomeonboard.”LindaEscobar,SeniorParalegal"TherearesomanythingsIlikeaboutthisprogram,buttheonethingthatreallystandsoutistheuserfriendlyinterface.Theprogramisfastandallowsmetoentercorporateinformationveryquicklyandefficiently.IwouldalsoliketonotethatAthennianprovidesthemostthefantasticcustomerservice."KellyR,CorporateLawClerk