The Top 3 Legal Technology Trends of 2022 – Lexology
Review your content’s performance and reach.
Become your target audience’s go-to resource for today’s hottest topics.
Understand your clients’ strategies and the most pressing issues they are facing.
Keep a step ahead of your key competitors and benchmark against them.
add to folder:
Questions? Please contact [email protected]
Legal operations have evolved drastically in recent years. Given the ongoing embrace of digital transformation, organizations must embrace automated contract management software tools that support remote contract collaboration and intelligent workflow automation. As such, here are the top three legal technology trends of 2022.
Legal Technology
Legal technology can be understood as any digital tool used to automate legal operations, including contract lifecycle management processes. Legal technology has become critical for organizations to maintain efficiency and control as contract complexity and contract volume grow. Organizations that fail to embrace digital transformation with legal technology risk falling behind and losing value from their contracts.
# 1 – Web-Based Contract Management Tools for Remote Legal Operations
The capacity for organizations to support remote operations has proven essential. Organizations managing their contracts must consistently improve and evolve for ever-increasing support of remote legal operations. Efficient contract collaboration is nothing short of critical.
Luckily, leading contract management software solutions have immensely helped organizations from myriad industries in public and private sectors with remote work. To that end, trusted contract management software solutions offer:
A highly effective way to support remote contract collaboration as its need becomes ever more apparent is to adopt and implement robust, web-enabled CLM software.
# 2 – Online, Web-Based Document Editing
Naturally, the need for organizations to support remote contract management operations has greatly affected contract collaboration and contract document editing. Luckily, organizations can leverage a leading-edge contract management software solution to edit contract documents online collaboratively.
Fortunately, leading contract lifecycle management software supports in-system online document editing that grants organizations a low-friction and centralized document management experience. Organizations can:
create new documents straight from one of their contract record information pages. import new .docx and PDF documents straight onto a contract record information page. and edit existing documents within a contract record information page with virtually no friction.
During the document editing process, organizations can easily insert clauses from their pre-approved clause library. Files are then automatically attached to the relevant contract record information page – while subsequent edits made to documents are automatically tracked as updated versions.
Moreover, seamless Google Workspace and MS Office 365 connectors can enhance online contract collaboration. Such connectors can support concurrent and web-based online document management. Organizations can enjoy a splendidly low-friction process – which is especially helpful for working with multiple disparate stakeholders!
# 3 – Contract AI With Machine Learning for Intelligent CLM
Even before the need for seamless support of remote work arose, organizations needed to embrace digital transformation to automate the contracting process. Thankfully, robust contract management software is built on contract artificial intelligence with machine learning.
AI-based contract management software built on a foundation of machine learning can allow organizations to "drag and drop" contract documents into their CLM system – automating and streamlining contract data extraction processes and classifying contract data.
For managing multiple documents for "drag and drop" record creation, AI-based CLM software allows users to manage multiple documents for processing via a convenient queue.
Contract intelligence can also support natural language processing (NLP) for automated data extraction, data pre-processing, and auto-fill of important information within organizations' contract records. With automated document clause detection, organizations can easily compare the similarity of newly introduced clauses to those within their pre-approved clause library. From there, clauses can easily be added to said library or training data for an ever more intelligent CLM process.
Organizations can leverage contract AI to configure rules to identify and secure sensitive contract data points for enhanced data classification and data protection. This data protection process can help organizations establish data parameters for specific data points while consolidating and classifying that data. Organizations can save time by allowing contract artificial intelligence to process such tedious tasks and data import analysis.
Organizations around the world have improved their contract management risk response plans. Contract management software users can leverage graphic-based risk rating and risk mapping features with contract artificial intelligence. Such tools provide valuable insight for assessing risk variables. For example, a visually engaging risk assessment matrix can present organizations with risk exposure and risk probability patterns at a glance. This risk visibility can help organizations enact their risk response plans quickly and effectively.
The COVID-19 pandemic has emphasized the importance of seamless contract data searching for organizations around the world. For example, the ability for organizations to find force majeure clauses has been proven essential – given the "acts of God" that organizations have beyond their control.
User-friendly contract management software powered by contract AI allows organizations to search for contract documents, contract data, contract clauses, contract counterparties, contract key dates, contract status, and so much more. Advanced contract lifecycle management software solutions offer all of the aforementioned tools as well as the ability to access search history, saved searches, and more.
A leading contract intelligence engine with machine learning also allows organizations to manage contracts from their MS Outlook email interface. Organizations can create contract record information pages from email attachments, "drag and drop" contract documents attached to emails for the intelligent data extraction and classification processes mentioned above, and so much more!
Implement 2022 Legal Technology Trends With Leading CLM Software
To face the evolution of digital transformation, the need for remote work, and any other changes, organizations must choose a contract lifecycle management platform that can maximize the legal technology trends of 2022 and beyond.
To see future-minded CLM software in action, click here.
To stay up to date on contract lifecycle management best practices, industry news, and legal tech innovations, click here.
add to folder:
If you would like to learn how Lexology can drive your content marketing strategy forward, please email [email protected].
© Copyright 2006 – 2022 Law Business Research
- Published in Uncategorized
Vulnerability in open source identity management system Free IPA could lead to XXE attacks – The Daily Swig
Cyber Warfare
Russia is ‘failing’ in its mission to destabilize Ukraine’s networks
Hacker-powered security
Human error bugs increasingly making a splash, study indicates
In focus
Software supply chain attacks – everything you need to know
Special report
Inaugural report outlines strengths and weaknesses exposed by momentous security flaw
Chromium site isolation bypass
Flaw that opened the door to cookie modification and data theft resolved
Bug Bounty Radar
The latest programs for September 2022
Cybersecurity conferences
A schedule of events in 2022 and beyond
Attackers could ‘take full control of the infrastructure’, warn researchers
UPDATED A vulnerability in Free IPA could lead to XML external entity (XXE) attacks, researchers have warned.
FreeIPA is a free and open source identity management system and is the upstream project of Red Hat Identity Management.
A flaw, tracked as CVE-2022-2414, was found in the pki-core package, a security advisory from Red Hat warns.
Read more of the latest news about security vulnerabilities
“Access to external entities when parsing XML documents can lead to XML external entity attacks.
“This flaw allows a remote attacker to potentially retrieve the content of arbitrary files by sending specially crafted HTTP requests.”
XXE allows injecting arbitrary entities into an XML document and performing malicious actions such as local file reading or sending HTTP requests into an internal network.
The latter could lead to remote code execution (RCE) if there are unpatched applications inside an internal network.
The vulnerability, which has a severity rating of 7.5 (high), was discovered by researcher Egor Dimintrenko of security research team PT Swarm.
The security flaw takes place in the certification system, called DogTag, Dimitrenko told The Daily Swig.
“DogTag can be used as a PKI service for any project, but it’s well known as a part of FreeIPA system. Since DogTag is integrated into FreeIPA, FreeIPA is vulnerable if still unpatched,” he said.
“It’s also worth mentioning that main impact of the vulnerability is a risk of configuration file reading, which contains password for Directory Manager user,” Dimitrenko said.
“Directory Manager is a main entity in the application and control Directory Server. By compromising this user, an attacker is able to connect to directory server and read any high sensitive data like user credentials and then make a lateral movement in infrastructure.
“Particularly in FreeIPA this configuration file doesn’t contain a Directory Manager password by default, but in some cases it takes place, for example when an administrator change Directory Manager password.”
The vulnerability affects Red Hat Enterprise Linux 6-9 and Red Hat Certificate System 9 and 10.
Dimitrenko said that exploitation of the bug is “extremely simple” due to the fact that it doesn’t require any credentials and an attacker just has to find an accessible endpoint.
The vulnerability has been patched by Red Hat in all versions apart from Linux 6, which is out of scope. There are no known mitigations available and Red Hat urges users to update.
Dimitrenko commented: “It’s nice to see that there are many companies which support responsible disclosure and communicate with researchers, instead of ignoring them and hiding their problems.”
This article has been updated to include further comment.
YOU MAY ALSO LIKE Secure Open Source Rewards program launched to help protect critical upstream software
Jessica Haworth
@JesscaHaworth
Burp Suite
Vulnerabilities
Customers
Company
Insights
© 2022 PortSwigger Ltd.
- Published in Uncategorized
Top 10 WBS alternatives and competing software to use in 2022 – Tuko.co.ke
Subscribe to our newsletter and stand a chance to win TUKO branded gifts!
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Global site navigation
Local editions
Most people have grown up using Microsoft Office softwares, and they cannot believe there are other different softwares that can perform the same functions. The WBS alternatives are suites that contain tools that may include spreadsheets, presentations, and writers. WPS Office has grown in popularity because it is free, lightweight, and feature-rich. However, if WPS does not work for you, there is no need to worry because there are many other alternatives to choose from.
Since more and more work is being done online, the demand for office suites has grown sharply in recent years. With the new software, developers have focused on coming up with smaller, more efficient, less expensive products.
In most cases, WPS alternatives are office suites, but others are just word processors or spreadsheet applications. This means if you have to choose a WPS alternative, you must consider its functionality before doing so. According to Rigorous Themes, below are the top 10 WPS alternatives:
Read also
Best status-saver app to save WhatsApp status on Android or iOS
This is the most popular office suite and usually comes preinstalled on most devices. It is also the best because it is reliable and secure. Users are assured of high-end security when using Microsoft Office. It has a wide range of tools that can be used for personal and business purposes.
The software has also evolved and is frequently updated with modernized toolsets. There are always new features being added. Some of the latest tools it offers include modern visuals, improved navigation, and search functions. The biggest setback for Microsoft Office is that it costs even for personal use. However, it gives value for money because users get 1TB of file storing and sharing and dedicated support.
As far as WPS alternatives are concerned, Google Workspace is among the easiest to set up and use. It is also more reliable and organized. The software was initially known as GSuite before being rebranded and Google Workspace. The tools offered by Google Workspace are available directly in the cloud, so you don’t have to install them. It, therefore, works best for people who are in a hurry to get things done quickly.
Read also
The best SnapTube alternatives and similar apps in 2021
One advantage of Workspace is that it has more tools and applications than WPS. Some tools available here are Calendar, Gmail, Sheets, Docs, Forms, Slides, Chat, Sites, and Meet. It also has security features such as Endpoint, Vault, Admin, and Work Insights. With Google Workspace, it is easy to collaborate in real-time and share everything with other Gmail users.
OfficeSuite is the best software for people who want the same features as those in WPS Premium or Microsoft Office but on a budget because it is free. The tools that are available in the free OfficeSuite are Documents, Sheets, Slides, Mail, and PDF. The PDF feature makes OfficeSuite better than WPS because the latter does not have it.
The OfficeSuite software is designed to work with all standard formats from other tools like OpenDocument formats, Microsoft Office formats, and other formats such as ZIP. It is also great when it comes to shareability because it supports third-party integrations, including Google Drive and Dropbox. Even more, features can be found in the paid version of OfficeSuite, which costs $29.99 per year.
Read also
TinyTask alternatives: best similar software for PC and Mac in 2021
Docs to Go is among the most effortless WPS alternatives, and it is free. It is supported by an app that allows users to work on documents from anywhere they go. It comes with Doc, PPT, XLS, and PDF tools. It is, therefore, most suitable for individuals who want to view, edit and create documents from scratch. In addition to storing documents on your device, you also have the option of keeping them in the cloud.
The files created using Docs to Go are compatible with other office suites; hence issues cannot arise from sharing them. Another cool thing is that changes can be made to the document while in the cloud. The software has a file manager that is intended to make navigation easy.
This WPS alternative is excellent for people who want to manage files on their smartphones. It is a smartphone office suite app that comes with features such as Presentations, Documents, Spreadsheets, and PDFs. It is compatible with other office suite formats; hence there won’t be a problem when sharing documents created using it.
Read also
10 best Uptodown alternatives and similar applications in 2021
SmartOffice is a light app since it is designed for mobile use. It is equipped with features that can view, edit, convert, share and print from your smartphone. The application can also be beneficial to enterprises because it can be integrated into other tools and customized.
WPS may not be best suited for Apple computers and laptops, which is why iWork is the best alternative created for the Mac Operating System. It is Apple’s native office app designed to work with documents, spreadsheets, presentations, and other files on the Apple computer. Some of the top apps in the software include Numbers, Pages, and Keynotes.
iWork has other design tools and templates that can simplify your work. When connected to the internet, you can easily work and collaborate with other iWork users in real-time. Other valuable features include shapes, photos, charts, and pictures. This software costs $79, but it is also possible to purchase specific apps separately.
Read also
What is Remotasks, is it legit, and how much can you earn?
Polaris Office is a suite that has Sheet, Word, PDF, Slide, HWP, and ODT. Polaris Office apps can be used online without the need to install them. It is complemented by a smartphone app that can facilitate working even when one is away from the computer. It has more features than WPS, including the ability to improve content styles and the tracking of changes.
The tools available on Polaris Office load faster, which makes it a good option for scrolling through large files. This also makes it practical for editing large-sized documents regardless of the device used. The software ensures the security of your documents both on your device and in the cloud. Polaris is not free, but it is affordable.
Collabora Office is a WPS alternative that caters to the needs of enterprises and businesses. The suite has tools specifically designed for enterprises who want to install the tool on-premises, thus allowing them to keep all their data on the company servers. It is an enterprise version of LibreOffice.
Read also
10 best Addic7ed alternatives for downloading subtitles in 2020
Some of the tools available in the software include centralized deployment management, LTS support, support & service, mobile app, cloud, and constant updates to keep the software up to date. Its features include Presentations, Spreadsheets, Text, and Databases. With Collabora Office, it is possible for a company to have custom features depending on its needs.
The SaaS provider, Zoho Workplace, provides a workplace environment that blends office suite and team management systems. As a result, it facilitates the collaboration of teams in addition to the tools for working with files. Some of the tools that can be used here are Word Processor, Spreadsheet, and Presentation.
Other extra features in Zoho Workplace include Email, File Management, and Online Meetings. It provides context to your work, continuity for your team, convenience for all involved, and collaboration for enterprises. Through the software, it is possible to work on files and documents anywhere you go.
Read also
20 best torrent sites to download movies, music, books, software 2020
Hancom Office is great because of its sharing and collaboration features, especially for those working in teams. The tools are available not just for desktops but also for smartphones and even for web browsers. As a result, it is easy for people to collaborate and work together from wherever they are.
Among the top tools available in Hancom Office are Cell, Word, Show, and PDF. This enables users to process word documents, keep spreadsheets or even work with PDFs. In addition, files can be imported from other formats and edited with powerful tools that are easy to use.
Read also
MoviesFlix: download Hollywood and Bollywood movies
You don’t have to get stuck with your office needs just because a single software is not working. While many top office suites are paid for, many equally reliable ones are free. Most WBS alternatives are compatible with major operating systems and have many office features. It is also essential to consider your needs before selecting office software because if you are handling sensitive information, you may require one that is more sophisticated than WPS.
Tuko.co.ke shared an article about AdwCleaner alternatives. Some companies are slowly turning to advertisement-supported software to market their products and services. While some hardware programs are legitimate, most are malicious and pose a threat to a user. In most instances, they may spy on users or intentionally install viruses into one’s device.
AdwCleaner is among the best freeware tools known for keeping internet browsers free from sneaky malware such as adware. The program eliminates strange pop-ups and unwanted programs that may slow down your computer or smartphone. Its alternatives make the internet even safer to browse.
Source: TUKO.co.ke
Subscribe to our newsletter and stand a chance to win TUKO branded gifts!
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
Recommended for you
Subscribe to our newsletter and stand a chance to win TUKO branded gifts!
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
Subscribe to our newsletter and stand a chance to win TUKO branded gifts!
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
Subscribe to our newsletter and stand a chance to win TUKO branded gifts!
Thank you!
Check your email and confirm your subscription
You are already subscribed to our newsletter!
Check your inbox to be the first to know the hottest news
- Published in Uncategorized
New Termi Chatbot May Just Be the Missing Link in Driving Tech Adoption at Law Firms – LawSites
Lawyers have a disparate array of technology tools and systems at their disposal – for email, documents, billing, invoicing, CRM, and much more.
The problem, however, is exactly that – that they are disparate. If a client emails the lawyer in Outlook asking for a copy of its invoice, the lawyer has to stop and think about where to find that, then go to that application, get it, and return to Outlook, or get an assistant or someone else to do it.
It is a problem that hinders technology adoption in law firms and creates platform fatigue – or platform confusion – among lawyers and staff, not to mention the waste of time.
Imagine, then, if you could have a digital assistant that could do this all for you at your request – that would be the intelligent go-between that connects you and your workflow to all your firm’s technology systems, all from a familiar messaging platform.
That is the idea of Termi, an AI-enabled chatbot that aims to solve the problems of slow tech adoption and platform fatigue by allowing attorneys and staff to simply ask it natural-language questions or request tasks that they might otherwise have to send to a human assistant or the IT department.
It was developed by Helm360, a full-service IT company with offices in London and California that specializes in technology solutions for legal and professional services firms.
Read more about Termi on the LawNext Legal Technology Directory.
“The genius of Termi is that it actually relies on the ingrained law firm habit of sending an email or text to support staff to solve a problem or access records and data,” the company says. “Instead of doing that, users write an instant message to Termi, which leverages AI to respond to the request, either with information or by triggering an action.”
Termi’s no-code backend system features a drag-and-drop interface that firms can use to map out how the software responds to requests. If the system fails to understand a particular user request, the information is logged and IT staff can use it to enhance the list of trigger phrases Termi will recognize.
“There’s usually a pattern to poor tech adoption in firms,” said Bim Dave, Helm360’s executive vice president. “When a new tool is introduced, many lawyers feel they don’t have time to learn it, so they send off an email to their assistant or IT support to get what they need from the system.
“Then the process breaks down because assistants and tech support are overwhelmed, help is delayed, other crucial projects are ignored, and then the firm abandons the software because it’s causing problems.”
Recently, Dave and Kiran Gill, customer success manager at Helm360, provided me with a demonstration of Termi.
Interact with Any Third-Party System
“From our experience of working with so many law firms around the world, we find that there’s so much information across different parts of the organization that, from a lawyer’s perspective, it can just be so time consuming and frustrating to get the information they need so that they can actually do their job,” Gill said.
“So we wanted to introduce and build a tool that would try and give them back some of that time so that they can focus on what their actual profession is, because we know in this industry every minute counts.”
Termi works on desktop, mobile and tablet, and on both PCs and Macs.
Given that, she said, the idea of Termi is to deliver the answers to your questions, wherever you are, whenever you need them, whether on a mobile device, in Microsoft Teams, in Microsoft Office, or on the desktop.
“Termi is able to interact with any third-party system through its advanced plugin framework,” Dave said. “This means it has tremendous potential to transform technology usage and adoption within a firm and drive success.”
Among the products it works with are the Microsoft Business suite, a wide variety of document management systems, and many practice management systems such as ProLaw, Elite 3E and Aderant.
Termi can send alerts, such as regarding missing time entries.
Some of the ways in which law firms are already using Termi include:
“Our goal was to deliver a solution that would connect business systems to their users in a way that is so intuitive and easy to use that they actually want to use it,” Dave said.
There When You Need It
In law firms that deploy Termi, lawyers and other users see it pinned to the taskbar on their computers. In whatever system they are working, they can click on Termi to get the information they need.
It can also be embedded as an add-in within various applications, including Outlook, Teams and Slack.
Say you are that lawyer who just got the email from a client asking for the latest billing statement. In the normal course, you might hunt around for it yourself, call your finance department, or ask your secretary to get it.
With Termi, simply type, “Send me the latest billing statement for Client X.” Termi goes into your billing system – say Elite 3E – and pulls the statement and delivers it to you.
But maybe you also want to know the total costs you have billed for a particular matter. Termi knows that there are multiple matters that include the name you provided in your query, so it presents a drop-down and lets you select the matter you want.
That may raise the question for the lawyer of whether the invoice has been paid. Simply ask Termi, “Has invoice 6688 been paid?” Termi answers, “Invoice 6688 has been paid in full, an amount of $500 by automatic check 30001.”
In all of these questions and responses, Termi is connecting directly to 3E through its API and generating a preview of an invoice or pulling information. But, in a nod to security, the actual information remains in 3E and is never stored in Termi.
Other examples of using Termi:
Search and Dashboard Functions
Termi also includes a search function that allows users to search for specific information, whether within a specific system or across systems. A user could, for example, search for someone in the firm directory directly from within Termi.
The search function can also be used to conduct research. Enter a query, for example, and Termi may take you to Westlaw or to a third-party source to which the firm subscribes such as The New York Times.
Forget your firm’s New York Times login? Termi can get you that, reducing the need for routine calls to the help desk.
Termi can be configured to deliver training videos in response to questions.
In fact, one firm is currently configuring Termi to be the first step in all support queries, hoping to cut down on the high numbers of requests that were bombarding their support desk.
While this article has focused on the chatbot, a second key component of Termi is its dashbard. This can be used to generate customized reports or drill into data from across applications.
Termi also can be used to deliver notifications. It could be set so that, on a certain day and time, a notification would go out. For example, it could deliver a daily briefing including the schedule for the day and a summary of the user’s dashboard.
It can also be used to consolidate all notifications across the firm, such as approvals or when there are new hires.
Preconfigured Out of the Box
The standard version of Termi comes preconfigured out of the box to handle a range of questions, but firm administrators can add questions of their own to the module and customize it in a number of ways. If a firm has preferred terminology it uses – such as “engagement” rather than “matter” – Termi can be pre-trained to the firm’s preferences.
“You don’t have to be a coder to be able to do that,” Gill said. “You can be an admin person who has had the relevant training and can go into the backend and use a simple step-by-step process to be able to add questions to the library.”
Termi can be delivered via the cloud or through an on-premises deployment. Most small or mid-sized firms use the cloud version while some large firms prefer the on-premises deployment.
Termi uses a variety of connectors – APIs, web services, custom DLLs – to enable it to connect to virtually any system within a law firm, whether SharePoint, CRM, document management, HR, or others.
For SharePoint or a DMS, for example, a lawyer may ask Termi, “Show me documents related to software agreements.” Termi retrieves them and lets the user toggle through documents or open any directly from there.
As of the time of my demonstration, Termi had been deployed or was being implement in 12 firms in the U.S., U.K., and Canada, including three Am Law 100 firms and the rest small to mid-sized firms.
It is sold on a per-user subscription basis.
The Bottom Line
While there are other chatbot providers in the legal market, Dave said that the problem he has seen with them is that they typically do just one specific thing, while firms have a series of best-of-breed systems. There was nothing that provided a unified experience that connects those systems.
“Ours is probably the only chatbot out there that you could plug into all of the best-of-breed systems, configure and get up and running pretty quickly, and allow you to have a one-stop shop,” said Dave.
“And that’s really what it’s designed to be – it’s designed to be a bridge between all of those systems and all of that knowledge that you have within the firm.”
While Termi indeed serves as a bridge connecting systems, my takeaway after seeing it demonstrated and reading more about its capabilities is that it is also something more.
My impression is that Termi could well be the missing link in driving greater technology adoption at law firms – particularly at mid-sized and larger law firms with multiple sophisticated but disparate systems.
By uniting those systems through an intuitive, chat-based interface, Termi makes interfacing with those systems a no-brainer for law firm professionals – as easy as asking a question.
Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.
Bob Ambrogi is a lawyer and journalist who has been writing and speaking about legal technology and innovation for more than two decades. He writes the award-winning blog LawSites, is a columnist for Above the Law, hosts the podcast about legal innovation, LawNext, and hosts the weekly legal tech journalists’ roundtable, Legaltech Week.
Receive a weekly digest of all new content.
You have successfully joined our subscriber list.
ABOUT LAW SITES
LawSites is a blog covering legal technology and innovation. It is written by Robert Ambrogi, a lawyer and journalist who has been writing and speaking about legal technology, legal practice and legal ethics for more than two decades.
- Published in Uncategorized
10 Powerful Document Management Systems For Law Firms – Lawfuel
- Published in Uncategorized
Bricsys 24/7 Embeds Automated Document Management Workflow with Cooperlink CONNECT – RealWire
The integration accelerates secure data interchange for faster decision making and enables project managers and CxO to create a unified digital environment, limiting the cost of errors arising in repetitive processes and disconnected systems
GHENT, Belgium – September 8, 2022 — Global provider of design and collaboration solutions, Bricsys, part of Hexagon, announced its partnership with web application platform Cooperlink CONNECT. Bricsys 24/7 users will be able to automatically upload, record and archive documents in real-time from Microsoft SharePoint to Bricsys 24/7, reducing the time spent manually saving files and re-encoding metadata.
This collaborative two-way integration provides a 100% digitised and automated coordination of information: from the classification and exchange of documents to the validation of technical sheets.
Ideal for users working on large construction projects from design to handover of the as-built files, the business-oriented platform enables better collaboration among contractors, owners, architects, and engineering teams thanks to uniform data accessible in one central place. This eliminates the risk of project fragmentation, miscommunication and errors that are costly and time-consuming to fix.
Real-time validation tracks changes made to work-in-progress data. Full transparency across teams allows users to catch any issues when manipulating data across disconnected systems in early development cycles from SharePoint to Bricsys 24/7. The integration also takes care of API updates, file synchronisation and guarantees predictive prices.
Rahul Kejriwal, CEO of Bricsys, says: “Both software complement each other perfectly. Cooperlink CONNECT enables a real-time 2-way integration between Bricsys® 24/7 and Microsoft SharePoint (and OneDrive) or a file server. Through synergies and a significant expansion of know-how, we can offer our customers a broader knowledge management solution and guide our users through their digital transformation journeys”.
Axel Palmaers, CEO of Cooperlink says: “The ability of our technologies to combine is extremely beneficial to construction projects, and we are excited to work with Bricsys in this partnership. Avoiding silos of information is increasingly important to our customers to enable better collaboration among departments, uniform data access in the whole organization and to reduce the costs of errors resulting from discrepancies between disconnected systems.”
Set up rapidly, Cooperlink CONNECT is available to a growing number of worldwide Bricsys 24/7 customers, no matter their role.
For more information on Bricsys 24/7 innovative solutions, visit our web pages.
ENDS
About Bricsys
Bricsys (www.bricsys.com), part of Hexagon, is the global technology company that creates the BricsCAD® family of computer aided design (CAD) products and the Bricsys® 24/7 project collaboration platform. We are relentlessly committed to the success of our customers by offering cost-effective, mission-critical CAD software with industry-leading product support.
Established in Belgium in 2002, Bricsys NV has approximately 300 employees around the world, partners in more than 80 countries and 1,200 registered application developers.
© 2022 Bricsys NV. All rights reserved.
About Cooperlink
Cooperlink (www.cooperlink.io), is the leading technology company enabling construction players to break data silos and automate their workflows without changing their habits. Thanks to its open platform and its connectors to third-party systems, Cooperlink creates a secure common data network for multi-disciplinary construction projects.
Established in Belgium in 2017, Cooperlink is a growing company currently active in Europe and North-America. Collaborators from 500+ efficient builders use Cooperlink on a daily basis.
Press Contacts
Rhena Bunwaree
Fight or Flight for Bricsys
+44 7940 003 337
rhena@fightflight.co.uk
- Published in Uncategorized
11 of the Best ERP for Small Distribution Businesses to Consider – Solutions Review
Our editors have compiled a list highlighting some of the best ERP solutions for small distribution businesses to consider implementing into their company processes.
Enterprise Resource Planning systems combine financials, HR, inventory, supply chain management, sales, and customer relationship management (CRM) capabilities to help companies manage and streamline processes. These functionalities are essential to distribution companies, as they require smooth and reliable operations that can adapt to potential disruptions. For example, if a distributor runs out of stock, an ERP system can alert the distributor in real-time so they can address the issue before it becomes a more significant problem.
However, choosing the right vendor and solution can be complicated, especially for smaller distribution companies, where budget, functionalities, and scalability are crucial. These companies need a solution that can meet their immediate needs, keep operations running smoothly, and grow alongside them as they expand over time. There are plenty of leading ERP solutions to choose from, but not all are qualified to meet the needs of small-to-medium-sized businesses.
With that in mind, the team at Solutions Review compiled the following list to spotlight some of the best ERP solutions for small distribution businesses. Our editors selected these software solutions based on each provider’s Authority Score, a meta-analysis of user sentiment through the web’s most trusted business software review sites, and our proprietary five-point inclusion criteria. The list is organized alphabetically.
Description: Acumatica provides cloud and browser-based business management software solutions for small and mid-sized businesses. The Acumatica ERP solution offers clients a suite of integrated applications powered by a single cloud-based platform. With its wholesale distribution capabilities, Acumatica can help distributors automate quote-to-cash cycles, simplify item management, enhance sales and marketing with configurable CRM workflows, and manage their warehouses, requisitions, financials, orders, and more.
Description: ADS Solutions is a provider of intuitive cloud-based ERP solutions tailored to the needs of small and mid-sized businesses. Its primary product, Accolent ERP, is a solution for small and mid-sized distributors that combines sales, customer service, CRM, e-commerce, inventory control, purchasing, accounting, warehouse management, business intelligence, financial tracking, and other capabilities on a single platform. Accolent ERP is built on web architecture and runs in the AWS Public Cloud, so users can access the solution from any device that uses a standard web browser.
Description: Aquilon Software provides ERP software for small and medium-sized businesses (SMBs), focusing on helping manufacturers and distributors in North America improve cash flow, manage costs, optimize working capital, and maintain profitable growth. The company’s distribution solution is equipped with supplier relationship management, sales analysis, inventory management, electronic data interchange (EDI), sales order management, replenishment planning, built-in reporting, and purchase order management.
Description: Blue Link provides small to medium-sized wholesale and distribution businesses with an all-in-one inventory and accounting ERP software suite. It offers out-of-the-box functionalities for order entry, landed cost tracking, EDI integration, warehouse management, invoicing, purchase orders, batch tracking, inventory management, CRM, general ledger, warehouse management, and more. Companies can also customize the Blue Link platform to meet the needs of their industry and business.
Description: Brightpearl is a unique Retail Operations Platform built primarily for retail and wholesale businesses. Its products span various competencies, including sales order management, inventory management, retail accounting, and purchasing & supplier management. With its wholesale management functionalities, companies can scale their business as it grows, provide merchants with the proper infrastructure, and manage multiple suppliers, price lists, web stores, and more. Brightpearl offers various services, including implementation, training, support, and a customer success team.
Description: CPTech is an ERP solution provider for small and mid-sized distributors and wholesalers. With its DistributionPlus software, CPTech provides businesses with serial traceability, inventory management, purchasing, sales, document management, quoting, electronic data interchange (EDI), warehouse management, and other capabilities for managing operations. The platform is available in the cloud or on-premises and can also help companies with their accounting, purchase orders, e-commerce, shipping, and logistics processes.
Description: Epicor Prophet 21 is an end-to-end, cloud-based ERP solution tailored to the needs of growing distributors. Prophet 21 can be run from nearly any browser or device and comes equipped with configurable, extensible features that enable users to customize fields, personalize views, integrate with other business applications, and more. The software includes customer experience management, sales management, e-commerce, business intelligence, accounting, supply chain management, value-added services, and warehouse management capabilities.
Description: Infor is a global provider of cloud software solutions for companies across the manufacturing, distribution, consumer products, public sectors, energy, healthcare, hospitality, and service industries. The company’s software can help users take advantage of data-driven insights, adapt to emerging trends and challenges, and accelerate its path to innovation. With its CloudSuite Distribution product, Infor provides distributors with the end-to-end functionalities they need to modernize end-to-end automation strategies, enhance customer experience, manage inventory, determine supply and demand, and more.
Description: My Office Apps offers a cloud-based, scalable, and configurable ERP system for growing companies. Kechie, the company’s ERP platform, is built to grow alongside a company and improve processes with AI-powered reporting tools, automation, and more. Its features can automate and synchronize inventory management and help streamline finance, manufacturing, supply chain management, procurement, sales order management, CRM, warehouse management, logistics, and other processes.
Description: NetSuite is a global provider of cloud-based ERP, accounting, commerce, CRM, and PSA services for organizations in over 20 industries that need help growing, scaling, and adapting to changes in their industry of choice. The company’s wholesale distribution ERP solution can help small businesses streamline critical businesses, reduce IT costs, manage inventory levels, supply chains, customer relationships, financials, warehouses, sales experiences, fulfillment processes, e-commerce strategies, and more.
Description: Sage is a technology provider offering cloud business management solutions for worldwide small and medium-sized businesses in professional services, wholesale distribution, construction, manufacturing, nonprofit, and food and beverage. With Sage Business Cloud X3 or Sage 300cloud, distributors can improve visibility across their supply chains, understand the ins and outs of their warehouse operations, manage supplier performance, make informed business decisions, empower their sales teams, and more.
- Published in Uncategorized
What is Records Management System (RMS)? – Definition from Techopedia – Techopedia
A scrum master is a facilitator for an Agile software development team that uses the Scrum project management framework.The scrum master is responsible for the team's iterative progress towards a well-defined goal. This includes making sure that all project stakeholders understand the Scrum… View Full Term
Trending Terms
Techopedia Terms
Subscribe To Our Newsletters
By clicking sign up, you agree to receive emails from Techopedia and agree to our Terms of Use and Privacy Policy.
Don't miss an insight. Subscribe to Techopedia for free.
Records Management system (RMS) is the management of records for an organization throughout the records-life cycle.
The activities in this management include the systematic and efficient control of the creation, maintenance, and destruction of the records along with the business transactions associated with them. Considered a key component of operational efficiency, record management adds more value to organization’s information assets.
Share this Term
Tech moves fast! Stay ahead of the curve with Techopedia!
Join nearly 200,000 subscribers who receive actionable tech insights from Techopedia.
Latest Articles
By: Claudio Buttice | Data Analyst, Contributor
By: John Meah | Certified Cybersecurity Consultant
By: Sashank Purighalla | Founder and CEO
By: Linda Rosencrance
Techopedia™ is your go-to tech source for professional IT insight and inspiration. We aim to be a site that isn’t trying to be the first to break news stories, but instead help you better understand technology and — we hope — make better decisions as a result.
Copyright © 2022 Techopedia Inc. – Terms of Use – Privacy Policy – Editorial Review Policy
By clicking sign up, you agree to receive emails from Techopedia and agree to our Terms of Use & Privacy Policy.
Techopedia is a part of Janalta Interactive.
- Published in Uncategorized
A Beginner's Guide to Defining Project Scope – The Motley Fool
If you’re on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
Credit Cards
Banks
Brokers
Crypto
Mortgages
Insurances
Loans
Small Business
Knowledge
by DP Taylor | Updated Aug. 5, 2022 – First published on May 18, 2022
Image source: Getty Images
The process of project management is a difficult one to master, and perhaps the one aspect of it that flummoxes managers the most is project scope. Creating a project charter or mapping out your project schedule all seem a lot more straightforward and easier to do compared to laying out the scope.
But it’s a mistake to not put enough time and effort into the project scope. One Harvard study found that the average project overran its budget by 27%. If you want to avoid doing the same, you need to spend a lot of time on the scoping process so you aren’t surprised later.
If you know it’s time to tackle the project scope, here’s how you can put sound project management principles to work and produce one that will make the project a resounding success.
Project scope refers to the list of project goals, deadlines, and tasks. The project scope is often detailed in a document called a scope statement or statement of work.
By laying out a project scope in a document, you provide the entire team with a guide on all facets of the project, from the tasks to be completed to the resources needed to the goals to be achieved. The project scope can be widened if more needs to be accomplished than had been previously thought, and it can be narrowed if the project is too large for the team to tackle.
A project scope is an important part of project manager responsibilities, and it will help you stay on task and avoid project scope creep.
It’s easy to say what a project scope is, but it’s not so easy to create a project scope document. It can have a lot of detail and moving parts, and it’s not something to take lightly. But if you break it down into five steps, the process becomes pretty straightforward.
The first step of defining the project scope is to define the end product or goals — also called “deliverables” — of the project. You need to be crystal clear about what you hope this project will accomplish. It’s a good idea to outline your goals using the SMART rule:
Defining goals is so important because it sets the tone for the rest of your project scope. Here are a couple of ways you can ensure you set the right goals.
The next step for effective project planning is to identify areas where your project may be derailed. What could threaten your project’s budget? What could cause major delays?
For example, if you were building a small house, you might run into a problem with the weather, if there were twice as many rainy days as there usually are at that time of year, that might delay your progress. Or, perhaps the price of lumber goes up by 5% by the time you order a shipment.
Obstacles can be hard to predict, but chances are you already have a good idea of what’s most likely to go wrong with the project, so start with that and work outward.
How much money will the project cost? What supplies are needed? How many man hours of labor will be required? All of these questions need to be answered in detail. You should do extensive research and come up with exact figures; educated guesses almost certainly will result in cost overruns that could derail the entire project.
An accurate accounting of resources will ensure that everyone has the tools they need to keep the project on schedule, so this is an important step.
Now that you’ve laid out the goals, obstacles, and resources, you can put together a general timeline of what you can achieve. It’s important to set aside specific milestones that will help everyone monitor the project’s progress.
For example, if you’re building a house, the first milestone might be to lay the foundation, the second could be to erect the structure’s framework, the third could be to install electrical and plumbing, and the fourth could be the completed house.
Coming up with milestones is an important part of putting the project scope together. Once that is in place, you are almost finished, and it’s all about plan scope management from here on out.
With your project’s goals defined, it’s now time to create a list of stakeholders. A stakeholder is anyone who has an interest or concern in the project. For a construction company, for example, that would include the chief executive officer, the chief financial officer, investors, and the construction manager.
List any and all individuals who should be in the loop on this project and have any significant responsibilities in making sure the project is executed.
It’s important to have an exhaustive list of all stakeholders, because if you miss anyone, it could have major ramifications on the project because tasks weren’t completed because of someone being left out.
Creating a project scope from scratch is a little bit daunting, but there are many software options out there that can guide you. Here are three of the best project management software options that are especially effective in helping you lay out a project scope.
monday.com offers a task scheduler with prioritization, which helps you lay out the milestones, and a shared team calendar that allows you to involve all stakeholders. A resource management tool helps users track the project’s resources.
You can view all tasks and the stakeholders they’re associated with via monday.com’s dashboard. Image source: Author
Podio also has task prioritization and scheduling features and an easy way to input new tasks by simply hitting “T” on the keyboard. It also has document storage, so you can keep the project scope on file, and reporting, so you can gather data on how well the project is doing.
Podio’s dashboard makes it easy to see project stakeholders and tasks. Image source: Author
Scoro has custom fields to enable you to track and manage resources. It also has a task creation and list system that will allow you to manage your milestones, and you can tag relevant stakeholders. It also has document storage and file sharing, as well as budget reports and dashboards so you can watch the finances.
Scoro’s dashboard keeps all aspects of the project scope in one place. Image source: Author
Now that you know what all goes into creating a scope of work, it’s time to start working on your own. Ask yourself these questions:
Set aside a few hours in the next week or two to sit down and go through the steps above. Look at a project scope example or two to see how others have done it. And then just get to work and draw one up.
Cash back, travel rewards, 0% intro APR financing: all of these can be great credit card perks for business owners. But how do you find the right business credit card for you? There are tons of offers on the market today, and sifting through them to find the right one can be a big hassle. So we've done the hard work for you.
Get started with one of our top business credit card picks of 2022 today.
DP Taylor is a business software expert writing for The Ascent and The Motley Fool.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 – 2022 The Ascent. All rights reserved.
- Published in Uncategorized
Election Q&A: Austin City Council District 5 candidates – Community Impact Newspaper
- Published in Uncategorized