Saves $100K+ Per Year

Industry
Insurance and Risk Management
Employees
258
Location
Atlanta, GA
Founded in 1972 Ventiv Technology
ventivtech.com

Ventiv Technology is a software and innovative solutions company that empower organizations to achieve optimal results of their risk, insurance, and safety programs. They are a global organization based in London with headquarters in US in Chicago and Atlanta.

Fun fact: Ventiv Technology is an international organization, with teams in Australia, France, Germany, Hong Kong, the Netherlands and the U.K. and partners with more than 540 organizations and 35,000 people around the world.

Challenges

  • Overspending on outside counsel fees.
  • Slow turn-around on contract review projects.
  • Sharing sensitive documents with outside organizations is risky and cumbersome.

Solutions

  • LinkSquares’ flexible billing saved them $50K per project.
  • LinkSquares allows you to search global terms and keywords, across thousands of pdf's within seconds. Reporting is just as easy.
  • LinkSquares saves all your contracts to a private, secure, and fully-encrypted online repository.

Ventiv Technology, a cloud-based risk management solutions provider, came to LinkSquares because they, like many expanding organizations, were bleeding money on outside counsel fees for contract review projects and legal operations work.

LinkSquares has enabled us to complete contract reviews & reporting in-house, which has decreased our costs and saved us upwards of $100,000 per year.

Doug Wilson

Based in London with offices globally, Ventiv Technology has an operations team in the Atlanta office that is responsible for contract review and tracking. As a spinout of publicly-traded AON insurance, the team, led by Doug Wilson, VP of Operations, works diligently to complete review projects around customer agreements and other contracts on time and on budget. As many of us have experienced, using outside counsel for these projects was expensive, costing their department upwards of $50,000 per project

Ventiv Technology team in Chicago IL Office. Credit: Glassdoor

By teaming up with LinkSquares, Ventiv Technology was able to bring this work in-house and save upwards of $100,000 per year and complete projects faster.

Ventiv Technology sees their partnership with LinkSquares as a critical component of their operational success and believes it will pay dividends for years to come. With their ability to reduce manual review costs and decrease the need for outside counsel, LinkSquares' AI-powered contract management cloud is an integral part of Ventiv Technology’s business operations.

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