New collaborative application simplifies cumbersome verification process, saving time, lowering cost, and providing audit trail.
Elevate Services, a global legal service provider, today announced the release of Cael Verify™ software designed to streamline the otherwise manual process of compiling and verifying the contents of complex documents such as prospectuses.
Available worldwide, Cael Verify was developed in a beta program with top-tier Australian law firm Corrs Chambers Westgarth, which collaborated with Elevate to design, test and refine the software. Corrs has signed up as the product’s first user globally.
Cael Verify is designed to streamline the process of verifying public statements in document form for legal and compliance teams, accountants, HR and marketing departments. The tool enables multiple simultaneous users to annotate the same document, flag sections requiring verification, assign responsibility to confirm veracity item by item, track completed assignments, and catalogue supporting evidence in an auditable database for future use.
“Working with Corrs, we have built a tool that saves time for practically everyone involved in assembling complex public documents around the world,” said Pratik Patel, Vice President of Legal Business Solutions at Elevate.
“At Corrs, we constantly strive to find new and innovative ways of doing things that will lead to the very best service, efficiencies and outcomes for our clients,” said Andrew Lumsden, Partner at Corrs Chambers Westgarth. “Collaboration is key, and we are delighted to have worked with Elevate on the development of this revolutionary tool which will create significant time and cost savings for our clients.”
Cael Verify further expands Elevate’s Cael suite of apps to manage and perform legal work, which includes Cael LPM™ for legal project management, Cael BillPrep™ for ebilling compliance to outside counsel guidelines, Cael Vision™ for analytics and reporting, Cael OnRamp™ for contract management and data room, and other tools.
About Elevate Services, Inc.
Elevate is the business of law provider of strategy, operations, technology and talent for legal departments and law firms. The company’s consultants, lawyers, process engineers, and technologists improve efficiency, quality and outcomes for clients worldwide. More at elevateservices.com.