Insuranceciooutlook

Insurance CIO Outlook

Litera
Enterprise-class Data Control and Risk Management

Paul Domnick, President , LiteraPaul Domnick, President
“In this age of information overload, the insurance industry is facing enormous data management risks managing both structured and unstructured information and transactions across the policy lifecycle,” says Paul Domnick, President, Litéra®. Malicious cyber-attacks and data-leakage via email and file sharing add to the pile of misery for organizations dealing with vast amount of documents. Enterprises today need to make coordinated and calculated, strategic and operational decisions to reduce risks. “Leveraging our tools, an organization can easily eliminate the workarounds that increase data risk cases and gain an enterprise-class data control—all without disturbing file access or collaboration,” he notes. The firm offers a comprehensive set of solutions to improve content workflow, lower costs, and save time by efficiently managing and executing business processes—irrespective of agency, location, or device. Domnick expands, “our solutions increase productivity throughout a document’s lifecycle and enable more secure and effective collaboration between people, teams, and organizations to drive business value.”

Litéra® proffers content risk management solutions to corporate sales teams, procurement and legal teams, who are dealing with a huge amount of unstructured documents, providing them unmatchable content confidence to streamline document creation, securely collaborate, and control the document lifecycle. The firm’s software solutions also enable insurers to easily and efficiently encrypt their documents in both public and private cloud sharing repositories; this, in turn, allows them to control and reduce data leakage. “By integrating our solutions, insurers can control all types of hidden metadata in the shared documents from any device and make sure the information is stored and transferred in a much safer, efficient, and secure manner,” explains Domnick.

Unlike many market vendors, Litéra®is not only focused on risk reporting, but also works towards risk reduction.


Our solutions increase productivity throughout a document lifecycle and enable more secure and effective collaboration between people, teams, and organizations to drive business value


With the increasing shift to the cloud and tremendous rise in BYOD, security is often compromised. This is where the Litéra Anywhere™ solution comes in. “The suite helps organizations secure data by providing tools to protect reputation, manage risks, and increase productivity on any device, anywhere,” points out Domnick.

Leveraging Litéra’s plethora of solutions can also enable customers to eliminate high-risk email mistakes by personalizing alerts and providing robust and complete access-control to their critical assets. Engineered to improve enterprise-wide security, maintain confidentiality, and support compliance initiatives, Litéra Secure File Transfer® enables users to securely send encrypted emails and attachments and transfer files of any size.

An average professional document is often saved, copied, and shared in several different locations. With Litéra’s multiple solutions for document version management, enterprises can significantly reduce the number and locations documents are stored and gain a more comprehensive view of all files and repositories.“Using these solutions, customers can easily review all the data in a single place, pick and choose the best pieces, or utilize a platform where a user can see every file associated with a project in a single view, no matter where the files are stored,” explains Domnick.

Litéra prides itself for its ability to manage any form of document. “We are looking forward to helping our customers by providing tools that ensure regulatory compliance and risk management,” concludes Domnick.

Top 10 Risk Management Solution Companies - 2016

Company
Litera

Management
Paul Domnick, President

Description
Provides comprehensive solution set to protect reputation, manage risk, and increase productivity for content lifecycle control businesses

Litera News

Litera and Courtroom Insight Announce Integration to Deliver Comprehensive Firm Experience Management

Partnership Enables Firms to Easily Identify Matter Insights on Experts, Arbitrators, and Judges
SAN RAMON - Litera'sFoundation Firm Intelligence Platform ("Foundation") announced to provide mutual customers with direct access to Courtroom Insight’s data on legal professionals within the Foundation platform. Foundation centralizes and transforms law firms' conflict, billing, and HR data into actionable firm intelligence. By layering Courtroom Insight’s proven data into Foundation, firms will be able to easily identify experts, arbitrators and judges who worked on specific matters in a seamless workflow.
“We’re excited to partner with Litera to provide our mutual customers with a robust solution that strengthens the firm’s experience management solution,” shared Mark Torchiana, Courtroom Insight founder and CEO. “With comprehensive access to key insights from their firm’s prior experiences with legal professionals, users are better positioned to share and analyze actionable information across the organization.”
Keli Whitnell, Director of Firm Intelligence at Troutman Pepper, explained, “Litera’s Foundation is an important repository of matter, client, and people data here at Troutman. A direct integration with Courtroom Insight for biographies and linked content greatly enhances our internal and external research and analytics capabilities. In addition, it significantly improves our ability to respond to RFPs and prepare pitches with detailed firm experiences before specific adjudicators quickly and accurately, and gives our lawyers a competitive edge when they need insight on expert witnesses, mediators, and arbitrators.”
"Litera's Foundation platform is unique in its ability to aggregate, synthesize, and transform crucial internal data into usable and actionable Firm Intelligence, but also in how it easily integrates with other firm systems and tools," said Chief Product Officer Meredith Johnson, "We're thrilled Litera law firms who also use Courtroom Insight can now get even more impactful insights right within Foundation as part of their firm experience management arsenal."