HotDocs has been on our radar for some time...
Edinburgh, Scotland and Lindon, Utah (PRWEB UK) 14 October 2014
CIO Review magazine has selected HotDocs for its annual listing of the twenty most promising compliance technology solution providers, which focuses on enterprise-class technologies that redefine businesses and is compiled based on each vendor’s ability to “fulfil the burning need of cost-effective and flexible solutions to tackle complex compliance challenges”.
According to CIO Review, “Corporations have become more concerned about compliance because of increasingly stringent and complex legal requirements”, which have resulted from ongoing developments such as Dodd-Frank, PCI-DSS, GLBA and Sarbanes-Oxley. The magazine’s selection panel evaluated hundreds of compliance technology companies that own innovative technologies before making its final selections. HotDocs was chosen for its ability to mitigate risk by enforcing compliance in official documents.
Harvi Sachar, Publisher and Founder of CIO Review, commented: “HotDocs has been on our radar for some time for stirring a revolution in the compliance space and we are happy to showcase them this year due to their continuing excellence in delivering top-notch, technology-driven solutions. HotDocs’ solutions continued to break new ground within the past year, benefiting customers around the globe and we’re excited to have them featured on our top companies list.”
HotDocs customers, which include many of the largest banks, insurance companies, law firms and government agencies in the world, report that HotDocs provides them with a high level of document control, ensuring that system users follow strict guidelines when generating documents.
Dave Lampert, President of HotDocs’ US division, said: “While HotDocs significantly speeds up the production of many types of legal documents, such as contracts, HR forms and insurance policies, many of our customers view the most compelling part of our value proposition as the enforcement of best practices in the document generation process. The control that HotDocs affords organisations minimises human error in documents and ensures compliance.”
In 2013, the International Legal Technology Association (ILTA) annual survey showed that HotDocs has a 60% market share of the document assembly market for large law forms. In 2014, leading analysts Gartner named HotDocs a best of breed technology for content generation and a Cool Vendor for content management.
HotDocs is the market leading provider of automated document generation software, with customers in 42 different countries and a user-base, globally, that exceeds one million end users. Automated document generation, or document assembly, allows a vast reduction in time spent in the production of high volume, repeat documentation such as contracts, agreements and other legal paperwork.
Widely used within the legal, banking, insurance, public and corporate sectors, HotDocs software also increases accuracy, reduces cost/risk and improves efficiency in the generation of complex, or simple, repeat documentation. The software is available on premise, on desktop or via the cloud and can operate in a standalone capacity or as part of a wider business process management system, such as workflow, document management or case management systems.