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Compliance5월 02, 2022

What do managed services provide and how do they help businesses

As compliance regulations continue to grow, organizations struggle to stay compliant. Some of the challenges relate to staying on top of frequently changing regulations, making sure documents and procedures are accurate and up-to-date, and staying ahead of new regulations in different territories. As a result of the increased complexity, many companies are rethinking how their legal department should function.

In fact, many companies have decided to outsource these complex compliance issues to outside firms. According to findings in Legal Outsourcing Outlook 2022, a survey commissioned and published by Wolters Kluwer CT Corporation, outsourcing has become an effective way to respond quickly to shifting market conditions without the expense of a full-on department. A full 93% of legal or corporate compliance departments have outsourced work to legal and compliance service providers in the past three years. The report also states that more companies are planning to increase outsourcing over the next three to five years.

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Outsourcing has long benefited companies by automatically increasing the company’s bandwidth, giving them the ability to scale easily. CT Corporation’s managed services can serve as an extension of a company’s back-office team, allowing employees more time to handle more critical business tasks.

Some of the main benefits:

  • Free up staff from data entry to focus on higher value work
  • Experts dedicated to your account who are an extension of your team
  • Proactive and timely data management; updates are made as new information is available
  • Receive alerts when updates trigger required compliance work
  • 24/7 access to your data
  • Answers on-demand including org charts, reports, and more
  • Meet internal and external stakeholders’ data requirements
  • Rely on a predictable cost structure with transparent pricing
  • Expertise that equates to a strong ROI
  • Support for your business as it expands and grows around the globe

CT Corporation’s managed services department can handle all a company’s needs from annual reports to business licenses while supporting the client wherever they do business.

The CT Corporation staff is comprised of experts, offering global, regional, and local expertise on registered agent, incorporation, and legal entity compliance.

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