Listen: How Agiloft is Bringing Order to Legal Tech
"I wanna talk with calling Earl is the CEO of agile loft. And he's coming off the hills of legal tech, the world's largest legal tech event when low professionals evaluate legal document management software, but he's agile off so powerful contract managed. -ment solution is actually helping corporate legal professionals to mitigate their contract compliance risk, which of course, then allows them to drive consistency and best practices in document assembly. An ultimately automate even the most complex review and approval processes. The also comes with a deep configure ability that provides unparalleled control over legal processes and workflows allowing decision makers to realize that organizational objectives. I'm the company has won numerous awards recently, which put them firmly on my radar. So let's came on the show to find out more book up and hold on tight. So I can be meal is all the way to the heart of Silicon Valley. So we can speak with Cullen. Oh, CEO at at your left. So massive warm. Welcome to the show calling. Can you tell the listeners about who you are? And what you do. My name is Colin Powell. And I'm the CEO of I lost make have clouds code free. And pro software applications, for example, contract life cycle management service, stash compliance etcetera customers run the gamut from folks like raw, Chevron AT and T fortune five hundred companies to public sexual relations like USA USAF and startups like shopper Feis now. One of the big trends appears to be following me around at the moment as legal tag. I mean, the industry pays to be trying to shake off its stereotyped image of being slow slow to embrace change, and in particular technological change. And I believe you recently attended legal tech which listeners just tuning in a new to this. That's the largest legal technology event of the year where low professionals evaluate legal. And document management software amongst other things, can you tell me a little bit more about event, and what you actually walked away from it as well with the K messages that you took away from Evan b k message is the appetite for technology amongst legal professionals and companies days this there's a huge desire to automate legal operations, and contracts course, of lifeline of of model commerce, but astonishingly got estimates. That eighty five percent of organizations lack any enterprise contract management system companies using spreadsheets individual desktop somebody contract and the professionals we must legal tech rendering creasing crashes from a whole host of factors increase rate of change of the business requires faster execution, but above all the demands of government risk and compliance a more pressing than other and at the same. Time especially after the financial crisis. There's a lot of pressure on legal operation costs. So professionals are looking to technology both to ensure compliance and to reduce the the burden of maintaining that compliance and other any particular technology trends and drivers in the legal industry right now that, you know, saying also is it the clients that actually forcing the industry to change their ways. Would you say I I would say it's both the clients and the vendors are the primary changes were saying it's a drive to manage wres-, especially with respect to compliance, and they should have like GDP. Increasing concern of the protection of confidential personal information and corporate information and the pace of commerce is such that even the most deep-pocketed technology companies console to be complacent about the risks associated with enterprise to take one example in two thousand thirteen and that name don't tally sign the Cogan crates, it a little Facebook hat called this is digital life, which asks us questions for psychological profile, then turned around and in violation of Facebook's contractual terms, so sold those uses responses and personal data became Janelle ethica as a result of the scandal folks trust in the social media, John and they stopped using the platform company finally took steps to improve. And automate detection of such breaches the damage was done the stop. Dropped a hundred and fifty billion dollars in market value in the space of nineteen minutes following Downing's hall, and if you using to humans to monitor compliance it's going to be prohibitively expensive. And you're going to miss things the building complaints into your contract management system is much more sustainable, and the of course, shield ac- of agile fight you set that has over three million us as organizations ranging from small enterprises to US government agencies and fortune five hundred companies they won't depend on your top. Right. At products waits for contract management software service, stash costume, workflow and so much more. But what really caught mile at least as how especially in automating processes to away too complex, competing"
The Tech Blog Writer Podcast - Inspired Tech Startup Stories