Weekly Roundup – 14

Category: Blog,

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With the conclusion of the long weekend, start the workweek with some of our favorite articles shared last week.

Records Management in Law Firms: Face the Future

Every business should benefit from document management software. The legal industry is no different. With the constant growth of records from clients and cases in law firms, the proper document management is important to the organization of the firm since it reduces clutter of important cases and helps the firm find important documents fast.

“The bottom line is this — every staff side function (Records, HR, IT, Accounting, etc.) within law firms face major disruptions and will continue to face them in the future. How we respond to these disruptions will define our personal success as well as that of the firms we are part of. Recognize that as a Records and Information Governance Professional you are of critical importance to your firm — be service oriented and become technology focused.”

Reducing Risk by Automating Cash Management & Securities Pricing

This article discusses how businesses have turned to automation and that it can lead to positive results if implemented correctly. From past ventures, the author discussed some of the key factors for implementing automation many of his business systems.

“Executive ownership is essential. Senior executives must be champions of the process and involved along the way. Process is universal, but processing is industry-specific. Seeman stresses that colleagues should look at best practices, not just within the investment and securities industry, but wherever process automation is being done. Do not underestimate the need for human change management. According to him, if something is new, it is likely to be met with resistance. Companies need to be prepared to handle that potential opposition.”

ERP 2.0: A New Round of Large-Scale, IT-Enabled Programs

ERP has been supposedly on the decline according to recent news due to the rise of the cloud. However, with more systems willing to integrate traditional ERP and the cloud, ERP is able to live on as a beneficial tool for companies.

“Regardless of the headlines, large-scale ERP has made a very noticeable comeback—a Release 2.0 of sorts—with a significant number of major organizations (armed with program budgets in the hundreds of millions of dollars) once again revisiting ERP. To be successful in this new round of large-scale ERP programs, organizations need to adopt a very different approach—one built around three key principles: Adopt a far more sophisticated view of value; Recognize that speed for its own sake is futile; Take a different view on managing risk.”