One huge barrier firm’s face in meeting this challenge is transforming the firm’s information assets from reactive to responsive. Most firms are sitting on huge piles of data that they can’t find or use which is rigid, limiting and costs them revenue. However, a responsive firm can have information repositories that are huge but work as a single source of truth. Interoperable, and empowering.
A responsive firm has information confidence and understands its environment, including market, customers, their problems as well as their own. This allows for the development of opportunities in real time, allowing ideas to lead innovation that in turn turns into growth and scale.
Every matter has a large information shadow. In fact more than 80% of Enterprise Information is unstructured, but to date, most investment has been in structured information management such as Time and Billing and Litigation Support Systems. This was mostly because firms lacked the ability to comprehensively manage unstructured matter data. But now they can and they must – there’s incredible value hidden there.
acambah Primed Intelligent Information Management (IIM) systems convert your firms information and knowledge and allow you to operate as a smart firm. Primed IIM is pre-configured to optimize the value of information for law firms while minimizing its risks, providing you control over your firm’s information enterprise, creating the opportunity for unlimited growth and responsiveness.
In addition, our solutions provide secure retention and storage for your firms records and ensure that this key information is managed and controlled is maintained in a fully compliant manner.