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Legaltech landscape: Difference between revisions
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|<small>Obligation management</small> | |<small>Obligation management</small> | ||
|<small>Taking the material terms of your legal contracts, that you codified in the [[metadata management]] phase, and feeding them into your risk and capital engines.</small> | |<small>Taking the material terms of your legal contracts, that you codified in the [[metadata management]] phase, and feeding them into your risk and capital engines.</small> | ||
|{{bg|yellow}}<small>'''Medium''': A nice touch, though most risk management functions independently monitor their own risks using existing systems. While of course they should key off a golden source, that assumes you have a golden source and it is reliable. Few live risk metrics key directly off executed legal contracts (as opposed to being reflected by them).<ref>[[Close-out netting]] is a notable exception.</small> | |{{bg|yellow}}<small>'''Medium''': A nice touch, though most risk management functions independently monitor their own risks using existing systems. While of course they should key off a golden source, that assumes you have a golden source and it is reliable. Few live risk metrics key directly off executed legal contracts (as opposed to being reflected by them).<ref>[[Close-out netting]] is a notable exception.</ref></small> | ||
|{{bg|green}}<small>'''Low''': Generally limited to close-out netting, and that will generally already exist, given how important it is. but the more information that is designed to feed from the legal database, and the more systems it feeds into, the harder the job.</small> | |{{bg|green}}<small>'''Low''': Generally limited to close-out netting, and that will generally already exist, given how important it is. but the more information that is designed to feed from the legal database, and the more systems it feeds into, the harder the job.</small> | ||
|{{bg|green}}<small>'''High''': Saves a tedious job, and triages stupid questions. Happy days.</small> | |{{bg|green}}<small>'''High''': Saves a tedious job, and triages stupid questions. Happy days.</small> | ||