Complex Regulatory Environment Drastically Changing Corporate Demands for Effective Entity Management, According to CT Corporation Customers

NEW YORK, Oct. 27 /PRNewswire/ -- More than 96 percent of respondents to a recent CT Corporation survey said that the regulatory environment for businesses is becoming more and more complex.  Enterprises must adapt to this change by fully complying with state and local requirements or risk serious fiscal and legal ramifications.  Entity management is the glue that keeps corporate compliance together.  Many organizations still conduct entity management processes with simple tools like databases and calendars, or manage them separately by departments, which is a recipe for disaster.  Forward-thinking companies are turning to CT Corporation, a leading provider of Corporate Business Compliance, to help navigate this changing climate and control entity management from end to end.  CT Corporation is part of Wolters Kluwer Corporate Legal Services.

Smart organizations are incorporating all of their entity management processes into one system, like hCue Entity Manager, the industry's first Web-based software platform to manage entities, subsidiaries and corporate transactions from a single place.  Available to CT Corporation customers since August, hCue Entity Manager contains many new and enhanced features, including a secure and streamlined workflow, automated annual report due-date tracking on the homepage, business license management, automated document folders and seamless integration with the capabilities of CTAdvantage, CT Corporation's online corporate transaction, due diligence and research platform.

According to the results of the survey, which was conducted at the recent hCue User Conference in Miami, CT Corporation's customers have fully embraced hCue Entity Manager's enhanced features:

• Almost half (46.9 percent) of respondents have seen the percentage of their day spent on entity management decrease since utilizing hCue Entity Manager
• More than a third of the respondents (34.3 percent) cited the automated annual report due-date alerts as the most useful feature
• With 31.3 percent, the customizable user preferences were a close runner up for the most popular function  

Providing customers with customizable, easy-to-use solutions, like hCue Entity Manager, has long been a priority for CT Corporation.  Sandra Sanders, the regulatory compliance manager at AmWINS Group, Inc., one of the largest and most diversified wholesale insurance distributors in the country, has experienced these benefits firsthand.  Sanders explained that hCue Entity Manager has reduced redundancy at AmWINS by cutting down the number of people working on the same actions and allowing for AmWINS to customize it to their specific needs.

"It [hCue Entity Manager] gave us one plan we could follow, and one particular person, that's me, as the central point of contact to see if there were any holes," said Sanders.  "The different enhancements that have come up with the most recent update are great.  They are a perfect opportunity to go up another level [of user] and have different people access it themselves."

hCue Entity Manager provides a single location to manage entity and corporate transaction data.  Including a robust Business License Manager to manage business license requirements across every level of government and all business locations, hCue Entity Manager gives customers corporate documents, history and compliance tools in one platform to improve efficiencies and reduce human-error inaccuracies.

"CT Corporation has always evolved its solutions based on feedback from our customers – and that is something that will never change," said Diane K. Brown, executive vice president and general manager of CT Corporation.  "The importance and urgency around entity management is at a fever pitch and our customers are concerned about staying up-to-date in today's business environment.  The new hCue Entity Manager is designed to answer the call, meet our customers' needs and be a complete entity management solution for today and the future." 

About CT Corporation

CT Corporation is the highest quality provider of Corporate Business Compliance solutions.  Its offerings enable law firms and corporate legal departments to manage statutory representation for all their entities, complete corporate and secured transactions and maintain compliance as required by state and federal law.  For more information, visit www.ctadvantage.com. CT Corporation is part of Wolters Kluwer Corporate Legal Services.

About Wolters Kluwer Corporate Legal Services

Wolters Kluwer Corporate Legal Services is a business of Wolters Kluwer, a market-leading global information services company with annual revenues (2009) of euro 3.4 billion ($4.8 billion) and approximately 19,300 people worldwide.  Visit www.wolterskluwer.com

SOURCE CT Corporation