Workshare Compare Service - Case Studies

“Not only can we save a million dollars a year with SharePoint Server 2007, Workshare, and IntelliSafe, we’ve also gained the ability to add new clients and greatly expand the Structured Finance business.”
Wendy Attenberger, Web Engineering Manager, Orrick,
Herrington & Sutcliffe

Workshare and Orrick

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Challenge
Orrick wanted to streamline a highly manual, paper-based process for completing weekly bond series transactions.

Solution
Using Microsoft® Office SharePoint® Server 2007, Workshare, and IntelliSafe, Orrick created an extranet for document management and collaboration.

Results
Using Office SharePoint Server 2007 and the solution from Workshare, Orrick has streamlined a highly manual, costly, and time-intensive process. The newfound efficiencies resulting from this solution enable Orrick to realize significant cost-savings and greatly expand its bond series transaction business.

Orrick estimates that its new system for processing bond series transactions will save the firm more than U.S.$1.1 million annually by eliminating all of the costs of processing paper contracts and documents for approximately 2,400 closings each year. “Not only do we stand to save a million dollars a year with SharePoint Server 2007 and Workshare, we’ve also gained the ability to add new clients and expand the Structured Finance business,” says Attenberger.

“Through our legal team we recognised the importance of efficient document comparison and collaboration. We wanted to deploy an organisation wide, easy-to-use solution that extended the functionality of our document management system. Workshare Compare Service easily integrates with our Livelink system, ensures compliance and streamlines our document review processes, making it the obvious choice.”
Alan Lee, IT Manager, Tullow Oil

Workshare and Tullow Oil

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Challenge
To bring together disparate workers from all over the world, and help them to collaborate effectively, using one system that extended the functionality of its Livelink document management system. Some departments also needed the ability to easily compare and contrast complex documents such as contracts and license agreements.

Solution
Workshare Compare Service

Results
Deploying the solution has seen Tullow Oil vastly improve productivity and streamline its document review processes. The technology helps Tullow Oil to create a comprehensive audit trail and comply not just with internal security policies but also industry regulation, ensuring documents can be sent out quickly without fear of breaching legislation.