Multi-Platform Support: Introduction of mobile and tablet devices have increased mobility. Individuals would be able to update, comment and verify any document with a track of changes.ģ. One single space is required to overcome this where collaboration can take place. Sometimes this could emanate an issue of tracking updates in the documents. Connectivity to these platforms will allow the enterprise individuals to directly store and share information through the platforms saving much of their time and resources in replicating the information. Collaboration and Social Connectivity: Social media platforms have become an essential source of information which makes it necessary during the digitization of documents that the system must support these platforms. All one needs is an active internet connection.Ģ. Digital must support cloud space improving the ease of access. Cloud storage is a great option which permits professionals to access and edit the data or documents from anywhere in the world. Remotely storing data and documents in the company’s server would hinder the access to it. Mobility has become a part of the business, professionals now require to access data at any point in time. Support Cloud Storage: Ease of accessibility is a fundamental block of any system and the same goes with documentation. The futuristic document management system in enterprises must have the below key points integrated.ġ. Those who still stick to traditional methods are trailing in the competition. Currently, every organization has a digital document management system more efficient than traditional paper and file management. Technology and trends have also changed with time and digitization has dominated the trends in the documentation. … And then, once in a while, you find a gap and you run it down for a touchdown,” he said.Document management is necessary for all businesses no matter at which scale it operates. Most queries end in rejection, with only the outliers culminating in a “yes.” He compares the relentless forward push to football: As a first-time founder, Sahai said in the past year he’s realized how much resilience is required to keep a nascent venture afloat. That ought to have some long-term advantages.Ĭustomers are also tightening their belts. For one, out of necessity, everyone is focused on capital efficiency. While this is not the easiest time for startups to find funding, Sahai for now sees advantages in launching a company amid a market downturn. The idea behind Composure is to make it easier to track the tasks and documentation involved in all those myriad responsibilities, and to divvy up workload accordingly. ![]() In addition, in-house legal teams have to devote resources to overseeing intellectual property protection, internal investments, and weighing in on terms for vendor and sales negotiations. This can be a particularly large workload for companies in heavily regulated industries like finance or health care. Unfortunately, as companies scale, Sahai noted, eventually “it’s just a fact of life that someone’s going to sue you.” (Or vice versa.)īeyond lawsuits, there’s usually a lot of in-house work around compliance and regulatory approval. Part of what makes in-house counsel workflow appealing from a startup perspective is that it is both complex and kind of repetitive.ĭay-to-day workflow, as least for a larger organization, is likely to include both inbound and outbound litigation. So far, the startup has raised a little over $300,000 from Day One and angel investors. There’s no hard target at the moment, but Sahai said comps for similar rounds usually fall in the $1 million to $3 million range. The company also landed its first enterprise client, along with some smaller customers.Ĭomposure is now going out for a pre-seed round. “That started accelerating things,” he said, noting that shortly afterward, co-founder and CTO Ilia Rogov, also a former Better employee, came on board. Sahai said momentum picked up in December, when the startup got initial backing from seed and early-stage investor Day One Ventures. In subsequent months, he and his team developed an initial product they’re pitching to in-house legal teams as a tool to streamline workflow and help manage incoming requests, documents and internal communications. ![]() The combination of work and studies helped germinate the idea that culminated in his legal tech startup, Composure, when Sahai had trouble finding software geared for managing workflow at a busy and growing in-house legal department.Īfter getting laid off from Better in August, Sahai, now a law school grad, had time to devote to startup building.
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