For enterprises in highly regulated industries, risk awareness is a top-shelf business issue. Yet successfully managing the growing breadth and depth of documents—and the risky data they contain—still confounds many enterprises. Whether you need to address LIBOR retirement, IFRS change, or make your merger or acquisition more seamless, being risk aware starts by answering one simple question: where are our documents, and what’s inside them? The answer, it turns out, is not so simple. Without technology, finding the risk hiding in your documents is like asking “Where’s Waldo?” while staring into a sea of striped shirts and quirky glasses. To sidestep risk and reveal opportunity, enterprises need to get at the data in their documents quickly and cost-effectively. More specifically, they must get a handle on the riskiest, most complex, most valuable document of all: the contract.
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