Harnessing the power of legal technology can enhance the way in-house legal teams deliver legal services and optimize business processes.
Applying well-developed reference data principles to legal data is crucial for firms to unlock value from their data for business, regulatory and operational purposes.
Through embracing the business value of legal agreement data, in-house legal departments can become enablers of business optimization and legal change.
Smart contracts offer compelling benefits - from streamlining to automation of the contracting process - they have the potential to improve efficiency, reduce client costs and legal risk.
More than incurring regulatory penalties, those who ignore data protection lose out on market trust and potential for growth from having clean data and a clear understanding of their processing activities.
Just because we can’t measure op risk accurately doesn’t mean we should give up, argues D2LT’s Peter Sime. Read the full article as published on Risk.net
Click here to read the full article