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What ERP Can Teach About ELM Adoption
With its origins in accounting, manufacturing, procurement, maintenance, and human resources, Enterprise Resource Planning (ERP) first emerged in the 1990s as an extension of Material Requirements Planning (MRP). The end game was about integrating company-wide business process and information to provide the insight necessary to manage and benchmark the global enterprise. Following in these same footsteps, Enterprise Legal Management (ELM) holds out the potential to link risk and legal data to enable the global enterprise to proactively mitigate legal risk, streamline the legal process, and make insightful decisions in response to market or regulatory changes. With ELM, the legal function transforms from the traditional role of litigation management to that of trusted business advisor. Drawing comparisons between ERP and the foundation of ELM sheds valuable light on how ELM systems can transform legal, risk, and compliance practices across the enterprise.
In the Footsteps of ERP
The increasingly wide adoption of ERP beyond manufacturing and production planning systems came about notably as businesses gradually expanded ERP's scope in the 1990s to embrace back-office functions such as human resources, finance and production planning. By giving managers an integrated view of business processes across the enterprise, ERP has evolved to the point where it provides the foundation for comprehensive business intelligence for organizations. More recently, ERP deployments have incorporated other business extensions, including supply chain management and customer relationship management, to become a highly integrated ecosystem.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?