Legal Compliance and Risk Management

Compliance and risk management software for
in-house legal teams

Identify. Track. Respond. Mitigate.

The key responsibility of any in-house legal department is to safeguard the legal interests of the business. Dazychain’s legal compliance and legal risk management system empowers corporate lawyers to meet compliance and governance legislation, stay vigilant to risks, and report on emerging or potential risks.

Utilize Dazychain’s powerful software for managing legal and regulatory risk, and its data-backed analytical insights to create a risk-aware reporting culture. Reduce human error in risk control and reporting.

Our legal compliance management and legal risk mitigation solution is a centralized, cloud-based platform that automates workflows, provides real-time risk analysis, and facilitates legal collaboration, making the risk assessment process easier, particularly for contract expiries and litigation requirements.

Manage Your Legal Risk
Dazychain Capterra Rating

The legal risk management platform that future-proofs your company

Modern organizations face an ever-expanding suite of legal risks, including compliance risk, reputational risk, regulatory risks, contract risks, and litigation risk to name a few. Adding to these more traditional risks are technology-based risks including data security, data breaches and cybersecurity.

Dazychain is the innovation that legal and compliance teams need to future-proof your company against key risks, missed deadlines or non compliance.

Rank risk levels as high, medium or low based on expected size, significance of reputational risk, strategic importance and urgency. Support your risk management framework with real-time data on the proportion of projects at each risk level.

Stay ahead of the game with reporting dashboards and automated notifications for contract expiries and litigation requirements.

Automatically create audit trails that track actions taken within the software, including who accessed what information and when to demonstrate compliance with regulatory requirements, contractual terms and internal policies.

Cutting-edge legal risk management software for corporate legal departments

Legal risk management is about identifying, prioritizing, reporting, and mitigating risks. The stakes are high when it comes to corporate risk analysis and management. In-house legal professionals need to categorize and report on a range of risks, relating to intellectual property, contracts, employment law, corporate governance, third-party relationships, litigation, corporate reputation and dispute resolution.

  •  Having a centralized location for all legal information and documents offers a comprehensive view of legal matters allowing teams to identify potential risks more effectively.
  • Use categorization, tagging, and search functionalities to organize and retrieve documents related to specific legal matters, facilitating the identification of risks associated with contracts, regulatory compliance, litigation, or other legal issues.
  • Create ad hoc reports on imminent threats to notify the management
  • Create complete visibility over risk by category and date so you can mitigate its impact
  • Anticipate emerging risks and prioritize by status based on risk tolerance with Dazychain’s custom dashboard
  • Never miss a critical date with reminders for contract expiries, due dates, deliverables, project milestones, deadlines, and submissions
  • Share legal requirements, reminders and documents to non-legal stakeholders
  • Easily train legal and non-legal staff to understand risk management requirements and their roles
  • Collaborate on shared files in real-time
  • Send top priority legal documents for approval in a few clicks
  • Gain full visibility over business risks and quickly allocate resources to critical tasks
  • Efficiently triage matters and mobilize the most impactful team or resource to deal with crisis situations
  • Identify, engage and manage external law firms with expertise in complex or specialized legal issues
  • No more spreadsheets, emails, hard drives or multiple platforms to manage risk-related processes
  • Communicate with key executives across the organization using reports and dashboards to communicate risk and demonstrate your commercial focus
  • Centralize risk-related information in a central repository, accessible by relevant internal and external stakeholders
  • Create streamlined workflows and allocate tasks using agreed risk ratings
  • Get updates on the progression of tasks and the changing risk profile of matters
  • Search for specific agreement and contracts with Dazychain’s intelligent search function enabling easy follow up on matters creating risk
  • Review and approve all documents/forms/contracts before submission through easy approval assignments and document sharing

Regulatory compliance software for small businesses

Corporate legal compliance is a key aspect of corporate governance and risk management for small companies. Meeting compliance regulations is not just about avoiding legal trouble. The future and reputation of the business are at stake.

Managing risks and keeping up with the sheer volume of legal proceedings while ensuring you’re compliant with ever-changing norms can be challenging. It’s not just time and effort-intensive but also prone to a lack of automation and reporting. Operational process automation is the only solution.

Dazychain legal compliance management software enables you to flag regulatory requirements in real-time and assists with communicating with regulators and the broader legal team.

  • Keep your entire team on top of regulatory issues
  • Efficiently communicate compliance requirements to the broader legal team
  • Generate compliance reports for inspections, audits, owners, investors, shareholders and other stakeholders at the touch of a button
  • Configure Dazychain to track regulatory compliance requirements for your organization
  • Track compliance with due dates and contract requirements
  • Create and automatically prompt your team to use the appropriate template on matter creation
  • Maintain detailed audit trails of contract-related activities including version control, updates, approvals, email, related documents and compliance checks
  • Be better prepared for legal disputes with all the relevant information at your fingertips
  • Assign risk scores to contracts, helping you focus on high-risk areas

“I recommend Dazychain to other teams. It’s a flexible tool. I can see it has a lot of power, and it’s a function of how much time you dedicate to using it.”

John Pease
Deputy CEO & Company Secretary
Power and Water Corporation

Cloud-based centralization

Most corporate legal teams have matters spread across multiple drives, spreadsheets, and folders. Matters are often decentralized, hard to access without permission, and inconvenient to work with on a daily basis. When some employees leave an organization, their computer and email are deleted, along with all of their work history. Managing risk and compliance is easier with a centralized platform creating transparency and accessibility.

  • Centralized platform for storage
  • Share risk-related information with different teams while controlling access levels
  • Clutter-free, well-organized dashboard
  • Secure remote access
  • Improved visibility and reporting of legal risks
  • Standardize the legal risk management process
  • Safe and secure storage of critical legal information with security group control and folder access controls

“Dazychain has been critical in helping us capture key data points – we can measure the proportion of legal work that is strategic versus business-as-usual, identify our high-use stakeholders, analyze legal work that flows from core compliance obligations and transparently manage workflow and capacity.”

Seshani Bala
Former General Counsel & Corporate Assurance
Chartered Accountants ANZ

Legal contract management with Dazychain

Optimize contract lifecycle management for your legal department

Dazychain’s contract management functionality allows legal professionals to navigate the entire contract lifecycle seamlessly, improving workflow management and operational efficiency.

It offers a complete contract management solution to help in-house legal teams automate contract processes and expertly track negotiations, manage legal obligations and stay ahead of contract renewals.

Book a free demo today to discover how Dazychain cloud-based contract management software for legal departments could fit with your organisation.

See Dazychain in action

With Dazychain’s innovative platform you can…

  • Showcase your strategic value

  • Track, measure, and present every legal decision, regardless of its size

  • Highlight your invaluable contribution to the company’s growth and direction

  • Elevate your role with Dazychain as the spotlight that underscores your strategic prowess