Many large organisations have already seen the impact of technology on their operations, embracing cloud solutions to improve their processes and reduce the amount of time spent completing simple tasks.
However there is still a lack of digital processes in many organisaitons. Central business activities like document management are continuing in analog format, dominated by paper records. Where technology is used, it’s often limited to basic functionality like email.
While internal processes might not be on your radar, they’re actually one of the biggest expenses for organisations today. A recent survey from the document destruction company Shred-it found the average business cost for a single lost document is $144, a considerable expense for an avoidable incident.
Is there software for that?
Yes. Innovative businesses are embracing the advantages of cloud technology like Dazychain. This innovative legal operations software provides a space for Corporate Counsel to manage people, matters and reporting in a single cloud-based solution.
What are the advantages of a legal operations platform? For legal departments that choose to embrace a process management offering like Dazychain there are a few key benefits, including:
Having quick access to vital information in a legal department is essential. Being able to review individual workloads, review the status of a matter, see relevant documents and emails and receive invoices through a single system saves time.
Paper documents can easily be lost or misplaced, creating an added cost that is easily avoided. Whether it is through over-reliance on insecure local document storage or physical file storage, many organisations are facing security challenges that could be overcome with a cloud-based legal operations system.
Most companies are sensitive to costs. With a platform such as Dazychain, detailed reporting is available on the type of matters your team are spending the majority of their time, empowering you to automate or change processes where required to focus on strategic matters.
It may seem time consuming and challenging to implement new systems, but the result of a more efficient, transparent and streamlined legal department makes the small effort worthwhile.
Contact us to find out more about how Dazychain can work for your business.