According to EY research, 96% of legal teams face challenges with their entity management due to organizational challenges, mismanaged formats, and other unique complexities. With a concerningly large percent of the industry reporting inefficiencies, it is important to take a look at the existing infrastructure that supports this particular function of law.
Entity management is one of the most laborious processes in corporate law, as it requires constant maintenance and review. Most entity management platforms on the market today were created before the year 2000, meaning they were designed pre-cloud, pre-wireless, and before the tech standard became at-your-fingertips-accessible. Shouldn’t a process so complex have a product that not only matches its nuance but also enhances it through today’s best-in-class technology?
Feature Comparison
As EnAct nears its end of life, users are considering switching to similar Corporatek systems or migrating to a modern, scalable, cloud-based solution that understands the day-to-day needs of a legal professional.
Unlike EnAct, Athennian requires no installation or IT management and lives securely in the cloud. Without constant IT management, businesses save time for higher-value tasks and can put budget toward advancing their technology road-maps instead of depleting IT resources.
Athennian provides users with a secure and flexible solution to their entity management. The ability to add unlimited users to Athennian gives teams the flexibility to collaborate and share data with stakeholders easily.With Athennian, users can access the system from anywhere with no limitations. This is a direct contrast to Corporatek’s VPN requirements needed for remote access, and their pay-per-user model.
Athennian’s ease-of-use is fueled by its rapid auto-population function, allowing users to create signature-ready documents with the click of a button, whereas EnAct’s manual functions add friction and time to an already complex process.
In addition to Athennian’s ease of use, our dedicated product team maintains a system that works with 99.99% uptime. Athennian’s routine weekly updates seamlessly integrate into the system, unlike Corporate systems which are frequently down and often require manual intervention and maintenance
Well-loved features of EnAct can also be found in Athennian. For example, both systems allow for easily exportable digital minute books, and have access to intricate org charts that map subsidiary relationships. However, with Athennian’s platform, certain regions can eFile, streamlining the entity management process even further.
For a complete feature comparison, you can download our Feature Comparison sheet:
Upgrading to Athennian From EnAct
Athennian’s dedicated migration teams make transferring your business-critical data simple, secure, and streamlined.
Athennian has developed a proven methodology for successfully transferring your data from EnAct to its new home in Athennian.
Athennian can expertly migrate all data from EnAct, such as:
- Entity & compliance details
- Addresses, agents, registrations
- By-laws, articles, governance, etc.
- Shareholders, share classes, transactions, certificates, etc.
- Directors, officers, etc.
- Custom coded documents
For a full overview of the migration process from EnAct to Athennian, you can download our Migration Sheet, here.
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