CASE STUDY

 
CONCLUSION: UP TO 94% TIME SAVINGS

WHEN COMPLETING A SET OF ESSENTIAL TASKS USING THE AUTOMATED ANALYZER AS OPPOSED TO  PERFORMING TASKS MANUALLY.

BASED ON THE BELOW DESCRIBED USE CASE,

48 HOURS ARE SAVED WHERE 1 PERSON COMPLETES EACH TASK ONCE.

HOURS SAVED WILL BE GREATER AND VARY PROPORTIONALLY TO THE NUMBER OF PERSONS INVOLVED IN PREPARING OR HAVING A SAY IN THE REPORT AND THE NUMBER OF TIMES TASKS ARE PERFORMED, USUALLY SEVERAL TIMES AS VERSIONS EVOLVE.

DESCRIPTION, METHOD, SCOPE & RESULTS OF CASE STUDY:

This CASE STUDY  took place within a corporate legal team in the course of drafting the Management Information Circular (aka MIC or Proxy Circular) for filing at the Securities Commission.

The study consisted in noting time spent by an experienced  Legal Director performing a list of commonly performed essential tasks manually. The Director then performed the same list of tasks using the automated Checker／Analyzer on the same filing as well as on a subsidiary's filing and noted time spent on each task on the list.

Time savings using the automated Checker ／Analyzer to perform the tasks instead of performing tasks manually totaled 48 hours thus improving efficiency by up to 94%.

In general, many of these tasks are performed more than once as the versions evolve and content is checked & rechecked as versions proceed to final. Thus time savings may well be considerably greater.

In addition to optimizing efficiency, the automated Checker／Analyzer facilitates quality control and risk minimization of inadvertent errors and omissions. It also saves the trouble of keeping track of what was checked and what may need further checking. The automated Checker／Analyzer is always available & never tires !

Companies using comprehensive financial tracking and reporting systems find it useful to quickly spot any errors relevant to the MIC that sometimes inadvertently slip into their systems.