After meeting with thousands of organizations looking to buy subsidiary management and corporate governance software, we have observed that buyers tend to prioritize the availability of features over the usability of the solution (intuitiveness, design patterns, loading speeds, user support, etc.).
With the immense benefits of entity management in mind, law firms and legal departments must still navigate the entity management system software market. There are tens of legal tech companies developing products that address elements of corporate entity management with specialized products. In addition, some larger platforms are starting to develop and roll out ‘bolt-on’ functionalities that address some elements of entity management.
For many businesses, efficient data management offers a more practical method for accurate legal reporting. This reality has led to the popularity of entity management software as a primary tool for tax, legal, and financial teams working in businesses and law firms.