Entity Management Software
Definitions & Best Practices
Entity Management Software is a powerful tool to keep your firm on track as it grows and to scale processes across both small and large organizations. The right solution can eliminate error-prone, time-consuming manual tasks that may prevent teams from focusing on valuable, revenue-generating work.
What Is Entity Management Software?
The Problem with Spreadsheets for Legal Entity Management
Organizational compliance can be more difficult to accomplish when legal entity documents and data are updated, managed, and stored in spreadsheets. Spreadsheets create opportunities for manual errors, data silos, and security breaches to occur. Typos, data security issues, and lack of visibility across the organization can cause missed filing deadlines and payments, increasing noncompliance risks.
How to Use Entity Management Software
✔ Create complex org charts with ease
✔ Automate alerts for upcoming filing deadlines
✔ Assign values to each entity
✔ Securely share sensitive data with permission-based user access
The Benefits of Entity Management Software
Some organizations manage multiple entities across varying states, entity types, and industries. The more entities a firm has, the more complicated it becomes to juggle important information, data, and filing deadlines. Entity management software simplifies the legal entity management process, saving both time and money. Best-in-class entity management software helps teams:
Centralize and secure entity documents and data
Build and update organizational charts with ease
Reduce reporting and data errors
Historically, many industries have relied on Excel for reporting. The problem is that manually-input data often contains multiple errors buried throughout the spreadsheet. Entity management software reduces human error and prevents misplaced and inaccurate data caused by disparate systems.
Manage annual compliance and filing deadlines
The pressure is high when managing multiple compliance and filing deadlines for multiple entities. Missed reporting deadlines can result in avoidable fees that impact your bottom line and hinder organizational growth. Entity management software gives you the tools to monitor and track important deadlines so that you never miss a due date.
Eliminate manual processes
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Discover the Power of Entity Management Software
Skip the complicated spreadsheets for an easier solution.
EntityKeeper’s affordable solution provides a way to reduce manual errors and increase security when it comes to your corporate data.
EntityKeeper is a critically important component in tracking and managing our clients corporate information and compliance deadlines. Our clients group structures range from 20 entities up to 2,500! We rely on the system to ensure our clients' information and documents stay accurate and up to date..
VP, Legal Services