Introducing Aftersign by Cognition-A Contract Management Solution: Legal Expertise Backed by Powerful Software to Save Businesses Time and Money

TORONTO, ONTARIO--(Marketwired - Nov. 19, 2015) - Cognition LLP, the leader of NewLaw in Canada, is continuing to transform the lawyer/client model. Committed to developing legal solutions that businesses truly need, Cognition introduces Aftersign - a contract management solution that is a combination of our legal and file management expertise backed by powerful software to save businesses time and money.

Cognition fully understands the importance that contracts play in a business. We know, first-hand, the magnitude of effort and resources involved in preparing them, negotiating them, amending them and appending to them. But what happens after signing? The Legal Department thinks that the Business Units are taking care of outstanding contractual requirements, whereas Business thinks Legal is doing the same. But the realities are:

• Critical renewal dates and notices are often missed;
• Contractual deliverables are neglected;
• Signed copies of agreements can't be found when needed, and
• Companies don't realize the full benefits of their often lengthy and costly negotiations.

Cognition created a solution to assist businesses with all facets of contract data management. We combined our legal and file management expertise with cutting-edge software to ensure that the value created during contract drafting is retained following signature.

Aftersign by Cognition can save companies in excess of 2% of revenues.

It's true. Missed obligations and deadlines can be extremely costly for businesses. Our fully searchable system not only prevents unnecessary penalties and payments, but it also empowers legal departments with the tools to bring informational value and even incremental business to their companies. Here's how Aftersign by Cognition can help:

1) Set-up: We assist with the initial data identification, selection and upload process.

2) Store / Access: We provide a dedicated, secure, cloud-based data room, accessible and downloadable in multiple formats from anywhere at any time. Security features allow for complete control over who can access the database, what specific documents they can view, and whether they have the clearance to download or edit those documents.

3) Manage: We oversee and manage the software tool, adding new documents as required. Important dates are calendarized with advance reminders and alerts are sent to the proper individuals within your organization. Crucial terms are tagged and all text remains searchable, ensuring that nothing gets overlooked and you're always ready for any major projects.

4) Report: We prepare regular and customizable contract reports, filled with some of the most powerful and practical contractual business data an organization will see.

Cognition's Aftersign empowers businesses with the information they need, exactly when they need it, through one single point of contact and at a fixed monthly subscription price. No more costly missed obligations and deadlines.

Cognition's revolutionary model of providing business-minded, relevant legal solutions at great value has launched them onto the PROFIT 500 List of Canada's Fastest-Growing Companies - not once, but for the past 3 years in a row. Aftersign is one more example of Cognition's commitment to developing legal solutions that businesses truly need.

For more information about Aftersign by Cognition, please visit www.cognitionllp.com/aftersign.

About Cognition LLP

Cognition LLP is an innovative law firm that is structured to deliver relevant commercial and corporate legal services to businesses and legal departments in the most cost-effective manner. Servicing companies across Canada, Cognition combines the insight and approach of highly experienced in-house counsel with the flexibility and depth of a traditional business law firm, resulting in more meaningful legal advice from lawyers who understand their client's operations. Cognition's dispersed approach - no fancy offices, receptionists or art collections - means only business-minded counsel providing expert advice within a reasonable and cost-effective pricing structure. Visit Cognition online at www.cognitionllp.com and follow us on Twitter @CognitionLLP.