Legal Notice Register ensures you never miss an important notice, saving you time and money.Learn More
20k+ registered contracts
The International Association for Contract and Commercial Management (IACCM) calculates that poor contract management costs businesses an average of 9% of revenues each year. ₁
Depending on the complexity, the average cost of a contract varies from $6,900, going all the way up to $49,000. ₂
In the United Kingdom (UK) alone, late contract payments can be charged at 8% interest, in addition to a late payment fee. ₃
Poor contract management costs businesses an average of 9% of revenues each year
We scan contracts in real-time using optical character recognition, extracting important data such as dates and contextual information, for example, the paragraph where a date is included. You can also manually add any legal or recurring obligations.
Legal Notice Register is already in use by several high profile law firms across the UK, with over 23,500 contracts registered.
Reminders can be linked with existing reminder and calendar solutions.
Once we have extracted dates and relevant information, contracts are completely removed from our system. Our automated system will detect the contract type, then ask if you would like to be alerted before action is required.
You can choose between our default or highly customisable reminders, which can be changed for each individual contract. We can also make industry-specific recommendations, and tailor your notifications if you have a physical business premises.
Reminders can be linked with existing reminder and calendar solutions, and can continue to remind you until action has been taken. This ensures your compliance with a variety of different contracts and obligations.
Take part in our Initial License Offering to help make this a reality, and share in our profits.
We easily integrate with existing scanning hardware and software. For example, if you are a postal provider you can easily integrate with us to provide your clients with a higher level of service.
As contract experts, we can also help issue new contracts. We ensure that contracts are more transparent for all parties, easy to comply with, and through our technology, unforgettable.
Research shows that good Contract Development and Management could improve profitability by the equivalent of massive 9% of annual revenue*
The true cost of a contract reflects the extensive (and growing) time of departments in getting a deal through their organization.
The interest you can charge if another business is late paying for goods or a service is ‘statutory interest’ - this is 8% plus the Bank of England base rate for business to business transactions.
With profitability, compliance, and risk management high on executive agendas, demand for contract management automation is on the rise.