Conflicts of Interest Resolution as a Competitive Differentiator for your Law Firm
Conflicts management and clearance is at the heart of the new business intake process at every law firm. Avoiding mistakes in the conflicts management process translates into protection from hefty fines, while a fast moving conflicts department can provide a true competitive edge against a slower-moving competitive firm.
First generation conflicts management software applications focus on providing a solid search engine at their core, attempting to improve the quality of the search results. While search is a fundamental component of every conflicts management system, the real complexity and potential for time savings in the conflicts management process lies in:
- the activity prior to the execution of the search: all the preparation activity and determination of a proper search strategy; and
- post-search activities including elimination of false-positives and ranking of potential conflict hits, appropriately based on business goals of the firm and ensuring compliance with regulations.
Today’s law firms require a redefined approach to conflicts management and resolution, one that automates repetitive tasks to improve performance and accuracy, ultimately providing the firm with a competitive edge.
Frayman Group’s Compliguard Analyze™ forms the basis for a second generation conflicts management software application, designed from the ground up to address the challenges of law firms in today’s highly competitive landscape.
Eliminating the traditional bottleneck of conflicts management at a law firm, Compliguard Analyze brings speed, smart automation, mobility, and accountability to the mission-critical conflicts process.
Compliguard Analyze is designed to reflect the modern conflicts clearing processes that rely on conflicts analysts for up-front, in-depth vetting and fully support partners, lawyers and staff on the go from their mobile devices, with a full and complete audit trail.
Compliguard Analyze delivers on the promise of transformation of the law firm conflicts department from cost center to real competitive edge.
Solution: Compliguard Analyze
Compliguard Analyze is designed by risk management experts to deliver true business value to the firm, while leveraging the latest Microsoft technology, enabling IT to easily deploy and manage the implementation, delivering the lowest cost of ownership in the market.