The legal department of the banking industry faces a wide variety of problems which include, but not limited to, the dire need for consistency, accuracy, and compliance with organizational practice. Diverse Regulators' requirements make the task more voluminous for the legal department, which is generally into contractual obligations. These tasks cost in-house counsel's efficiency and make it difficult for him to maintain rationality and prudence.
Though the challenges faced by in-house counsels of banks vary, few similar problems faced by them include large legal teams, and external counsels, regulatory reporting etc. TLC's Contract Lifecycle Management (CLM) Software considers these varied needs and makes it easier for our clients to increase their productivity and eliminates menial and time-consuming activities. Automatic reminder for renewals, automatic invoicing, customisation of documents, cloud space, dedicated legal support on the go, virtual rubber stamp. We automate and customise the service according to your needs.