An asset management client was seeking a solution for several operational complexities. As a firm, they were regularly creating new fund structures, alongside managing existing ones, which made it challenging to keep track of all the most up-to-date data and documentation regarding their multiple subsidiaries. The client was looking to address:
- the management and analysis of key documents and data at point of need;
- silos forming where information is held by different advisors and counterparties; and
- a need for better collaboration and visibility internally and between interested parties.
To tackle these pain points, the lawtech team worked closely with the client to develop and embed a comprehensive entity management solution to act as a single point of truth for all information regarding their fund structures.
Feedback from the client was used to tailor functionality and user interface, resulting in a centralised system which was quick and easy to navigate for both the client and their team of professional advisers.
The cutting-edge security protocols and full permissioning capability were set to the client’s requirements to facilitate effective collaboration but also to lock down information and documents to specific individuals or groups, allowing secure segregation of their key information where needed.
Impact for client
As the organisation’s existing adviser, we understand the legal context for the structures they have in place and, having often established them ourselves, the corresponding documentation and data. This gave us a significant advantage over the off-the-shelf information management systems on the market.
As well as providing a comprehensive and centralised access point for data, the solution gave our client the tools they needed to better understand and manipulate that data via real-time reporting, data visualisations and interactive dashboards.
The client appreciated the ability to share documents and information with other advisers, counterparties and key persons and the facility to receive and distribute notifications and tailored alerts to specific individuals.
What our client had to say
“This project really demonstrates our commitment to delivering best-in-class client service – not just in relation to our clients’ purely “legal” needs, but also in relation to the issues they face within their business and in their own operations. As well as providing our client with a comprehensive and centralised access point for their data, the solution gives our client the tools they need to better understand and manipulate that data via real-time reporting, data visualisations and interactive dashboards.”
Ceinwen Rees, partner in our tax and reward practice.