CT Launches Business Entity Monitoring Service.Builds on Its Pioneering Position in the Representation Industry First of Its Kind Service Proactively Monitors for Status Changes, Notifies Customers in Timely Manner to Help Mitigate Risk NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Maintaining good standing in every jurisdiction in which a company does business is critical to mitigating risks associated with non-complianceaand to ensuring successful, ongoing business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . Today, CT launches a new solution that will serve as another step toward helping its representation customers remain in good standing: CT's Business Entity Monitoring. With this new, first of its kind service, CT will proactively monitor status changes and provide customers with timely notification of those changes so they can quickly take appropriate steps to resolve any issues. Businesses often don't have time to regularly and proactively check their entity statuses. CT's Business Entity Monitoring service regularly keeps track of and notifies customers via email about status changes such as delinquencies, administrative dissolutions, and revocations, among others, so they can take the necessary steps to quickly remedy any issues. These email notifications occur the minute CT receives information on an adverse status change, providing timelyaand criticalaupdates that help mitigate risk. This timely notification can also help customers limit the financial impact of non-compliance. "It's one of CT's primary goals to help our customers maintain good standing status. We understand, however, that staying in good standing can sometimes be a challenge for a variety of reasons," said Diane K. Brown, executive vice president and general manager of CT Corporate Compliance & Governance and Wolters Kluwer Corporate Legal Services legal services n. the work performed by a lawyer for a client. . "We want our customers to be aware of any adverse status changes as soon as possible so they can take appropriate steps to remedy each situation quicklyathat's where our Business Entity Monitoring service comes in. It enables them to limit their exposure to the legal and financial pitfalls associated with non-compliance. We feel it's a natural extension to our strong portfolio of technology-enabled compliance and governance solutions, and are excited to offer it." With this new service, CT's representation customers can choose to have the status of their domestic and foreign For-Profit Corporations, Non-Profit Corporations, Limited Liability Companies and Limited Partnerships monitored in 37 jurisdictions. Forty-seven jurisdictions will be supported by the end of Q1 2007. This new subscription service is being unveiled at the Association of Corporate Council's (ACC See adaptive cruise control. ) 2006 Annual Meeting in San Diego from October 23-25, 2006. It will be available to CT customers on November 1, 2006. About CT CT, a Wolters Kluwer business, provides intelligent software and service solutions that empower legal professionals to more effectively manage dynamic information, speed workflows and make critical decisions. CT offers corporate compliance and governance services and solutions, including solutions for managing statutory representation, corporate transactions, and jurisdictional and securities compliance; UCC An abbreviation for the Uniform Commercial Code. products and services for corporate due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , secured lending, bankruptcy, and real estate, among other areas; matter management and e-billing applications, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. support software, and eDiscovery services; and innovative trademark research offerings from CT Corsearch. CT is based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . For more information, please visit www.ctlegalsolutions.com. About Wolters Kluwer Wolters Kluwer is a leading global information services See Information Systems. and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2005) of a[logical not]3.4 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL WKL Wirtualna Kawiarenka Lubin ) and are included in the AEX AEX See: Amsterdam Exchange and Euronext 100 indices. For more information, visit www.wolterskluwer.com. |
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