LOS ANGELES--(BUSINESS WIRE)--Mitratech, the leader in Collaborative Accountability applications including matter management, e-Billing, and GRC management automation, today announced general availability of its complementary on-line operational maturity survey and optimization guide.
Mitratech’s on-line survey allows corporate counsel to assess and measure their current state of maturity and once measured, review next steps to improve through its optimization guide. The guide walks the visitor through the industry’s current state of operational maturity, defines its future or ideal state, benefits, risk areas, and maturity levels. Legal departments who follow the course of action can better:
- Attain operational visibility, including spend and performance metrics
- Identify and prioritize “high bar” or core activities that directly contribute to the bottom-line
- Create a culture of collaboration and cooperation among internal, external and outsourced teams
- Focus key resources on the prime goal of demonstrable business value
- Define and automate best practices and enforce standards
Organizations looking to reduce the cost of running the business have severely cut budgets in core operational functions, such as Legal, and redirected those monies to invest in growth activities. For the legal department to increase its relevance and value, General Counsel are looking to optimize operational maturity in order to proactively contribute to business growth. To this end, today’s legal department needs to increase agility and responsiveness while reducing costs and improving efficiency. Through visibility, control, and automation and by connecting people, knowledge and process, the legal department can attain an optimized state of operational maturity in order to meet these imperatives.
“Legal departments have traditionally been viewed as cost centers rather than strategic enablers,” says Mitratech CEO Afshin Behnia. “Today, the most successful legal departments are those that can demonstrate tangible business value. Optimizing operational maturity is a critical step toward the more strategic business enablement role expected of today’s law department. We are committed to helping organizations meet that objective.”
Available to the general public, the evaluation tools can be accessed at www.mitratech.com/quiz and www.mitratech.com/optimize-your-legal-department. The use of these tools is complementary and free of charge.
In addition to the new on-line tools, Mitratech and Rees Morrison, founder of General Counsel Metrics, LLC, will be hosting a webinar to further help General Counsel understand their department’s current state of operational maturity. Entitled, Where Do You Stand? Measuring Up with Law Department Benchmarks, the webinar will be presented on June 16, 2011 1:00 PM ET | 10:00 AM PT. The session will present the results of this year’s General Counsel Metrics legal department benchmarking survey and will discuss how to measure performance; capture, transform, and communicate accomplishments to company leaders and improve results year over year. To register, please visit: http://insidecounsel.com/WebSeminars/Pages/Benchmarks.html?pc=site
Mitratech provides market-leading Collaborative Accountability Applications for businesses and their trusted partners. With team-oriented domain applications in legal process automation, governance, risk, compliance and security, Mitratech's TeamConnect Collaborative Accountability Suite improves transparency of financial reporting, reduces exposure to risk, sharpens operating discipline, and improves information security and the efficiency of enterprise processes. Our Collaborati browser application also meets the accountability and collaboration needs of proliferating extraprise teams, wherein vendors, partners and service providers often have to be included in sensitive teamwork projects such as electronic billing, legal hold and collaborative budgeting, or those which expose your business to liability. To learn more, visit http://www.mitratech.com.