Entity management software helps companies define and manage business entities across multiple locations. This type of software tracks legal persons, subsidiaries, shareholders, and capitalization tables. It also provides features for document management, e-signature, workflow automation, organization charts, as well as privacy and security. Entity management software is used by law and accounting firms, as well as corporate accountants, general counsel, and corporate secretarial teams.
Entity management software products also include functionalities of contract management software or board management software. While this type of software is delivered as a standalone product, it may need to integrate with governance, risk & compliance software.
To qualify for inclusion in the Entity Management category, a product must:
Provide features to create and manage multiple types of legal entities
Include a database of entity information, including legal requirements
Allow users to share and manage entity data in a secure manner
Generate reports on entity information, as well as compliance requirements
Create compliance documents and forms for statutory and regulatory filing