Changing regulations necessitate increased oversight  and risk assessment for and financial institutions.

• Know Your Customer, Anti-Money Laundering assessments and other compliance reviews slow client onboarding and increase costs
• Legal and Ops resources aren't scaling to support business
• Assessing and remediating historical contracts for regulatory risks is resource intensive and distracts from new business

Inconsistent contract language and use of standard terms introduces risk.

• Addressing deviations from standard clauses during negotiations is ad-hoc and slow
• Non-standard but approved language is negotiated with every customer, wasting time
• Variations in approved language across teams, offices, and geo generates confusion

Siloed contracts and fragmented processes slow deals, increase costs, and lower client satisfaction.

• Generating new contracts, including Custodial Agreements, is manual, complex, and time-consuming
• Siloed teams deliver a redundant and frustrating client onboarding experience by repeating contract reviews and data collection
• Lack of version control and progress tracking create accountability gaps