Software reduces legal risk and data management cost.
January 7, 2009 -
Used across Legal, IT, Records Management, Finance, and Business units, Atlas v4 unites enterprise to store and manage less data, proactively control discovery costs, as well as manage global discovery and privacy. Legal information governance solution delivers intelligent legal holds and value-based retention. To facilitate compliance, discovery and privacy management abilities unite General Counsel, global lines of business, and IT in managing and complying with global requirements.
PSS Systems' Atlas 4 Suite Further Reduces Legal Risk and Cost of Data Management
New capabilities unite the enterprise to store and manage less data, proactively control discovery costs, and manage global discovery and privacy
MOUNTAIN VIEW, Calif., Dec. 18 -- PSS Systems (http://www.pss-systems.com/) announced its next release of the industry- leading Atlas Suite. Designed for use across Legal, IT, Records Management, Finance and Business Units, the Atlas 4 Suite eliminates unnecessary legal risk, and discovery and data management costs. Atlas is a legal information governance solution that continues to deliver intelligent legal holds and value-based retention. Atlas 4 introduces expanded discovery and privacy management capabilities. Also new in this release is the Atlas for IT module which enables enterprises to store less data and simplify compliance. Atlas 4 also introduces the Atlas Discovery Cost Forecasting module for accurate forecasting and proactive control of discovery costs.
"Our large customer base is finding they can reduce legal risk while also achieving substantial discovery and data management cost savings," said Deidre Paknad, President and CEO of PSS Systems. "With Atlas, our customers know what information they need to retain for business and regulatory requirements, what they need to preserve for specific litigation, and they can defensibly dispose of everything else."
Proven Success
Corporations face rising legal and judicial preservation and retention expectations, and an increasing eDiscovery cost and resource burden. PSS customers use Atlas as their global information framework for retention and legal holds to relieve this burden. One PSS customer, a large, global financial services firm, has generated savings of over $50 million in storage and data costs alone while establishing a defensible legal holds and retention management system with Atlas. This firm uses Atlas to manage their legal holds process and retention policies in over 100 countries.
Atlas 4
The Atlas 4 Suite enables companies to defensibly dispose of information and data that has no business value while preserving data on hold. With the expanded capabilities offered in Atlas 4, the Atlas Suite remains the only legal information governance solution to close the loop between preservation and retention, and align Legal, IT, Finance and Lines of Business to drive down legal risk and cost.
Atlas 4 includes the Atlas Legal Communications and Collections (Atlas LCC) product. Corporate legal departments have hundreds or thousands of matters and custodians that require data to be preserved or collected. Using spreadsheets and emails to custodians and IT are neither effective nor efficient means of managing legal duties. Atlas LCC delivers an intelligent holds process that reduces the risk and cost of preserving and collecting data for litigation. Right from their browsers, attorneys can use Atlas to preserve data in place and collect directly from data sources and custodians, and coordinate collections where IT assistance is needed. Further, with the Atlas Employee Portal module, employees can easily look up, certify, and comply with their current holds in Atlas at any time or comply via their PDA.
In addition, Atlas 4 includes the Atlas Enterprise Retention Management (Atlas ERM) product. Global companies must manage the conflicts between business information requirements and thousands of disparate country-specific laws governing data privacy and retention. Often this complexity and risk leads to costly over retention. Atlas ERM enables value-based retention management under a global information governance program. Our Atlas ERM customers manage less enterprise data by providing IT with clear retention and governance instructions aligned with all legal duties and business value, and automating compliance across enterprise systems.
The expanded discovery and privacy management capabilities in Atlas 4 unite General Counsel, global lines of business and IT in managing and complying with global requirements. Conflicts between US discovery and EU privacy and data protection rules, for example, make it challenging to comply with these diverse obligations. With Atlas 4, privacy risk and complexity in cross-jurisdiction discovery can be reduced. Now the legal department can establish country-specific protocols, capture briefs by counsel, and share a library of discovery, privacy and retention laws. Attorneys can now proactively identify conflicts in law or unique process requirements. To avoid missteps in international discovery, data protection and retention requirements are streamlined into unified procedures for managing data by function, system, business and country.
The Atlas 4 Suite introduces 2 new modules that reduce discovery and data management costs and legal risk: Atlas for IT and Atlas Discovery Cost Forecasting.
Store Less Data
Without reliable and routine guidance on what data to manage under which protocol, IT often has no choice but to manage much more data than is needed and is unable to gain any operating efficiencies by data value. Now with Atlas for IT, data managers can store significantly less data, reduce operational complexity and simplify legal compliance. Atlas for IT enables data managers to eliminate legacy data, prevent unnecessary data buildup, and store data based on its business value. Atlas for IT also reduces operational complexity by automating data collection and disposal, streamlining information requests and aligning IT resources. Compliance is simplified with Atlas for IT through a map of compliance obligations by system, real-time communications with legal, and reports and dashboards for IT.
Predict and Control Discovery Costs
Litigation, finance and business executives often rely on inaccurate or unreliable forecasts for discovery costs that take weeks to prepare but provide a poor basis for budgeting or decision making. With Atlas Discovery Cost Forecasting, corporate counsel, finance and business leaders can continuously predict and proactively control discovery costs. With Atlas case and portfolio dashboards, general counsel has transparency and control across the portfolio, and attorneys can analyze cost scenarios for each case to make better decisions in real time. By leveraging operating facts and historical matter data contained in Atlas, companies have continuous, accurate forecasts and vastly simplified litigation cost management. With Atlas Discovery Cost Forecasting, Legal and the business have the transparency and control needed to make informed, proactive decisions about discovery and litigation expenditures.
About PSS Systems
PSS Systems helps companies eliminate unnecessary legal risk, and discovery and data management costs. In a single solution for Legal, IT, Records Management, Finance and the lines of business, Atlas delivers intelligent legal holds, value-based retention, and discovery and data management cost control. Atlas has been in production in Fortune 10 firms since 2005. Today, it is relied upon by 5 of the Fortune 10, 5 of the Global 10, and leaders in every industry, including the largest US oil and pharmaceutical companies and the largest global financial services firms. PSS Systems leads the industry with its visionary products that address the rising legal and judicial expectations and increasing data management complexity for global corporations. For more information, visit http://www.pss-systems.com/.
Contacts:
Public Relations:
S&S Public Relations, Inc.
Hanni Itah
USA
Phone: 847-415-9324 E-mail this person Company Information: Name: PSS Systems Address: 2525 E Charleston Road, Suite 201 City: Mountain View State: CA ZIP: 94043 Country: USA Phone: 650-810-8700 FAX: 650-961-1711 http://www.pss-systems.com
News provided by ThomasNet Industrial Newsroom® (TIN). TIN is a comprehensive source
of new and timely product information in the industrial marketplace. TIN supplies new product
information to the web sites, e-marketplaces and print publications that serve the
industrial marketplace. For press release submissions please go to
http://news.thomasnet.com/submitpr.html.
BY ACCESSING, BROWSING AND/OR USING THIS WEB SITE AND/OR ANY WEB SITES PROVIDED BY
ProductNews.com, YOU AGREE TO BE BOUND BY THE TERMS OF USE
AGREEMENT.
del.icio.us
DIGG
Facebook
Reddit
StumbleUpon
Twitter
![[Get Copyright Permissions]](http://license.icopyright.net/images/icopy-w.gif){kind=small}
