Preparing for AI in Corporate Governance

The Role of Athennian in Modern Entity Management

In today’s rapidly evolving corporate world, being prepared for future technological shifts is crucial. Athennian, as a leading entity management platform, is setting the stage for future AI integration by offering robust, scalable solutions that cater to complex corporate needs.

Understanding Entity Management

Entity management is a crucial function within organizations that involves the handling, structuring, and compliance maintenance of legal entities across various jurisdictions. Effective entity management ensures that a company can meet its regulatory obligations and maintain good standing in all areas of operation.

Customized Access & Compliance Mastery

Tailor Athennian to suit each team member's role while maintaining stringent compliance standards effortlessly. 

“All our compliance tracking is done inside Athennian now. It's user-friendly and clean, and everything is in one place. It's also much less work than before when everyone came to me for information. Now, they look it up themselves inside Athennian. It is much faster, and that's a huge benefit for the team in terms of time-savings," - Michelle Khedar Senior Law Clerk, Fengate

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Core Components of Entity Management

Entity Creation and Structuring

Establish and configure corporate entities like subsidiaries and joint ventures to meet specific business needs and local legal requirements, enhance these workflows with API integrations (like Athennian’s latest API launch) and AI tools that can predict optimal entity structures.

‍Corporate Record Keeping

Maintain essential documents such as incorporation papers and board meeting minutes to ensure legal and regulatory compliance. Stay ahead of the curve with AI-driven systems, API workflows, and tool integrations to automate record categorization, signature and retrieval.

Regulatory Compliance

Ensure each entity complies with local laws and regulations, to avoid penalties and maintain good standing. Modernize these workflows using AI tools, API integrations or built in features for real-time compliance monitoring and alerts.

"All our compliance tracking is done inside Athennian now. It's user-friendly and clean, and everything is in one place,"  describes Michelle, at Fengate.

Take a Tour of Athennian’s Compliance Functionality

Entity Tracking and Reporting

Utilize advanced reporting tools and API integration analytics to monitor the status and performance of each entity, assessing risks and opportunities efficiently. As an example, you could use Athennian’s Open API to integrate with tools like Looker Studio, and build out stakeholder reports with critical data points that are accurate and managed. With custom field capabilities, you could tailor this to almost any report requirement.

Inter-entity Transactions

Manage and document transactions between entities to adhere to transfer pricing laws and maintain tax compliance. You could change the game with these transaction metrics if facilitated by AI algorithms that ensure fair and compliant strategies.

Technological Integration in Entity Management

Modern entity management systems like Athennian, allow you to leverage technology to automate and streamline processes, enhance data security, and improve decision-making accuracy. The integration of sophisticated AI tools and robust APIs enables seamless interactions between different business systems (like HR, tax, and accounting), providing a holistic view of an organization’s global operations and facilitating strategic planning.

Notably, Athennian has partnered with Fileforms to revolutionize compliance related to the Corporate Transparency Act. This partnership ensures US corporations can achieve compliance and file FinCEN filings in under 10 minutes. FileForms simplifies the process by reporting directly to FinCEN on behalf of corporations, supported by continuous monitoring to maintain ongoing compliance, thus alleviating the typical compliance headache.

Curious about streamlining your entity management workflows?

Take a look at how Athennnian’s API can boost efficiency in your entity management processes in our latest webinar, giving your teams the time to focus on strategic priorities. Watch it here!