![]() ![]() Employees can have the best of both worlds – organize the current documents in predefined folders as well as in folders where they will keep their really important information. SavvyDox provides access to current documents within 3 clicks. How much time would pass between a leak, then a fire, then an explosion that kills multiple employees? Can you afford to jeopardize your employees’ safety if they can’t access those critical documents in a heartbeat? In an emergency, how long does the employee have to read the new document – do they have time to reread the entire procedure? If access to their Enterprise Content Management system is complex and they use it only during an emergency, do you think they will remember how to use the training that they were given months ago? Even if they can remember how to access the system, do you think they will remember where the document is filed? What if the network is down and they can’t access the Internet or their own internal IT network? If a procedure is on a web site or downloaded from an Enterprise Content Management System, how do the employees know what has changed since the last time they read the policy? However, as soon as someone prints one of those procedures, they face the possibility of being out of date as soon as a new procedure is issued. To comply, companies develop detailed safety procedures that are implemented in case of an emergency. OSHA standards dictate safety policies in many industries. However, even more important is the safety of your employees within those environments. … And then, once in a while, you find a gap and you run it down for a touchdown,” he said.All employers are worried about the safety of their assets, whether they are computers, oil refineries, chemical plants, nuclear refineries, Liquefied Natural Gas (LNG) refineries, or hundreds of other things. Most queries end in rejection, with only the outliers culminating in a “yes.” He compares the relentless forward push to football: As a first-time founder, Sahai said in the past year he’s realized how much resilience is required to keep a nascent venture afloat. That ought to have some long-term advantages.Ĭustomers are also tightening their belts. For one, out of necessity, everyone is focused on capital efficiency. While this is not the easiest time for startups to find funding, Sahai for now sees advantages in launching a company amid a market downturn. The idea behind Composure is to make it easier to track the tasks and documentation involved in all those myriad responsibilities, and to divvy up workload accordingly. In addition, in-house legal teams have to devote resources to overseeing intellectual property protection, internal investments, and weighing in on terms for vendor and sales negotiations. This can be a particularly large workload for companies in heavily regulated industries like finance or health care. Unfortunately, as companies scale, Sahai noted, eventually “it’s just a fact of life that someone’s going to sue you.” (Or vice versa.)īeyond lawsuits, there’s usually a lot of in-house work around compliance and regulatory approval. Part of what makes in-house counsel workflow appealing from a startup perspective is that it is both complex and kind of repetitive.ĭay-to-day workflow, as least for a larger organization, is likely to include both inbound and outbound litigation. So far, the startup has raised a little over $300,000 from Day One and angel investors. There’s no hard target at the moment, but Sahai said comps for similar rounds usually fall in the $1 million to $3 million range. ![]() ![]() The company also landed its first enterprise client, along with some smaller customers.Ĭomposure is now going out for a pre-seed round. “That started accelerating things,” he said, noting that shortly afterward, co-founder and CTO Ilia Rogov, also a former Better employee, came on board. Sahai said momentum picked up in December, when the startup got initial backing from seed and early-stage investor Day One Ventures. In subsequent months, he and his team developed an initial product they’re pitching to in-house legal teams as a tool to streamline workflow and help manage incoming requests, documents and internal communications. The combination of work and studies helped germinate the idea that culminated in his legal tech startup, Composure, when Sahai had trouble finding software geared for managing workflow at a busy and growing in-house legal department.Īfter getting laid off from Better in August, Sahai, now a law school grad, had time to devote to startup building.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |