As a legal, tax, or finance professional, there is much to stay on top of. Growing your ARR, staying on top of tax laws and regulations, and organizing all your internal data are just some of the inherent tasks you will find yourself facing. A business budget focusing on a cloud-based entity management system is an investment in your company’s organizational systems, scalability, processes, and revenue growth.
In 2020, 74% of legal operations executives said that cost control was a top priority, and that was before the coronavirus pandemic wreaked havoc on businesses, the labor force, and the global economy as a whole. The need has never been greater than it is in a post-pandemic world.Whether you are a small business or a multi-jurisdictional franchise, creating a well-defined legal operations budget is a necessity. Doing so can ultimately help you achieve your short-term and long-term goals and improve both department and company efficiency as a whole.