FOR IMMEDIATE RELEASE
Ventiv Technology Teams with LinkSquares to Bring Contract Reviews In-House
February 8th, 2017
Ventiv Technolgy, a cloud-based solutions provider that delivers innovative risk management, claims administration, auditing and safety management systems, has teamed with LinkSquares to cut costs for contract review projects and other legal operations work.
Based in Chicago but with offices globally, Ventiv Technologies has an operations team in the Atlanta office that is responsible for contract review and tracking. As a spinout of publicly-traded AON insurance, the team, led by Doug Wilson, VP of Operations, works diligently to complete reviewed projects around customer agreements and other contracts on time and on budget.
Using an outside counsel for these projects was proving to be expensive, costing upwards of $50,000 per project. It made sense for Ventiv Technology to team up with LinkSquares and bring this work in-house so they could decrease costs and save time in completing these projects.
Doug and his team have so far been thrilled with the results. “LinkSquares has enabled us to complete contract reviews and reporting in-house, which has decreased our costs and saved us upwards of $100,000 per year.”
Ventiv Technology sees their partnership with LinkSquares as a critical component to their operational success and believes it will pay dividends for years to come. With their ability to reduce manual review costs and decrease the need for expensive outside counsel, LinkSquares solutions are an integral part of Ventiv Technology’s workflow.
About Ventiv Technology
Ventiv is the global leader in technology that transforms how organizations manage risk. As a cloud-based risk management information systems provider, Ventiv delivers innovative risk, claims administration, auditing and safety management systems, to help its customers manage the total cost of risk. Headquartered in Chicago, Ventiv has more than 300 employees in the U.S., E.U., Asia and Australia. More information about Ventiv can be found at www.ventivtech.com.
LinkSquares is a web application for teams to automate the search and reporting process around company contracts, replacing current manual contract review processes that are time consuming, inefficient, and create legal risk. Headquartered in Boston, MA and working with some of the fastest growing companies in the world, their customers have raised over $1B in venture capital. More information can be found at www.linksquares.com.
They may be contacted at: