Common Use Cases

For companies considering using LinkSquares technology there are several practical “use cases” to consider. These cases can differ depending on things like: industry vertical (security vs. healthcare), or even company structure (in-house legal team vs. finance team only).

Review the most common use cases and see which one fits for your industry, company and team!

Crisis Management:

Many situations can arise where, during an emergency, a company needs to know key customer information in a very short period of time. Companies have combined LinkSquares into their incident response plans and notification procedures for events like:

  • Security or data breach
  • Data loss event
  • Other customer data risks

Quarterly Reporting:

Companies are already tracking key metrics like renewals and other types of revenue recognition each month, but with LinkSquares they cut the report generating time by 60%. The reports are automated and ready to pull for:

  • Revenue recognition issues
  • Renewal rates and values
  • Company KPI tracking

Internal Legal Projects:

There are many projects that come up internally with finance and legal teams where there is an internal review of customer agreements. This can be a single term of a specific agreement, or a review of a specific clause across all agreements. Some projects we’ve seen across companies involve:

  • Review of 3rd party contracts
  • Customer auto-renewals and renewal dates
  • Data protection clause review

Fundraising and M&A Diligence:

When companies are going through fundraising and M&A diligence, LinkSquares can help those corporate development or legal teams review a whole database of contracts in short notice and pull saved reports for:

  • Net payment terms review
  • Assignment and control clause assessment
  • Company accounting and payment reviews
  • Any litigation or patent claims

How Each Department Can Use LinkSquares

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FINANCE

Track and review any key terms in a purchase. Contract length, payment terms, and other important information for bookkeeping. Keep an eye on hidden costs buried in contract language.

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SALES & SALES OPERATIONS

Review previous customer agreements to understand best practice in key customer negotiations. Help Sales Ops team members be more efficient with data entry and tracking.

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LEGAL

Identify any compliance issues in contracts and report to other executive teammembers in a timely, efficient manner.Keep your seat at the executive tableby providing key contract statistics andinsights. Reduce time and money spentwith outside counsel.

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ACCOUNT MANAGEMENT & CUSTOMER SUCCESS

Find renewal terms and other customer obligations without having to involve legal and finance members. Improved incident response by finding any notification details in agreements in a matter of minutes.

Interested in learning more?

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