Case Studies

Radar™ Case Study: AlignAlytics – Wilmington, DE

For 15 years, AlignAlytics has provided companies with governance, risk, compliance, and performance management solutions. The company, which operates out of Wilmington, DE, offers software applications that structure the separate information about people, processes, systems and information within a company and then ties them together with strategies, risks, regulations, policies and performance goals into a unified database. This brings unparalleled enterprise visibility to an organization for enhanced performance management and risk mitigation, improving corporate governance, regulatory compliance, IT strategy and governance, and credit ratings.

Organizational Challenges

While AlignAlytics was adept at building systems to solve its clients’ problems, keeping its own communication and records structured and available proved to be a thorn in the side of every officer. Executives had to dig through their e-mail to find key corporate documents; board members had no easy way of communicating with each other or company management. AlignAlytics simply had no simple, central location where everyone could see the latest corporate documents, board materials, and pending events.

Radar™ Puts Everything in Order

AlignAlytics found a solution to its communication and record-keeping problems in Radar. The web-based software tool offered AlignAlytics a secure portal through which the company could maintain and share its key corporate documents,streamline communication among company officers, and build a master calendar of corporate events. AlignAlytics used Radar to keep board members informed about the company’s latest activities and share important files among its executives. In addition, Radar is compliant with Department of Defense requirements for online security with advanced encryption and recovery systems. This gave the leadership the peace of mind and the confidence to pursue new business more aggressively, assured that their own business was on firm footing.

Radar™ Case Study: FXBridge Technologies – Atlanta, GA

FX Bridge’s mission to provide the best technological tools to foreign exchange brokers and clients has kept the 10-year-old firm one step ahead of the intense competition in the industry. These tools are essential to give all players in the exchange markets the most accurate and up-to-the-minute information they need. But FX Bridge executives soon realized that – just like the currency markets – their firm’s own success would depend on having a similar tool to manage its internal communication.

Innovators Looking for Innovative Solution

FX Bridge was founded by Joseph Cunningham a former foreign exchange options trader with more than 25 years of experience. The new firm soon developed ProTrader Plus™, a platform that consolidated all the necessary information that foreign exchange traders needed, such as risk analysis, dollar ratios, and comprehensive reporting.

While Cunningham had come up with an innovative solution to make life easier for foreign exchange traders and dealers, he had no similar magic bullet to organize and manage his own paperwork, board communication, and financial analysis. Important documents, from tax forms to marketing plans, constantly piled up or were scattered on employees’ hard drives. Moreover, Cunningham needed a tool that would help him stay in touch with his board of directors, whom he counted on to give him sound advice and direction.

Radar™: Like a Personal Executive Assistant for Every Officer

FX Bridge found just that in DocDep’s Radar, an application that serves almost as a personal assistant to each executive and board member of the company. Radar became FX Bridge’s secure location for safe document storage, an important channel of communication, and a “smart” calendar that made scheduling and tracking important meetings and project dates easy.

Cunningham said that Radar stands out as the premium online application with comprehensive services for startups and growing firms. Radar provides Cap Table Utility, which helped FX Bridge eliminate mistakes that had crept into their cap table. The rigid security protocols also gave him peace of mind that the most sensitive software secrets and business plans could be communicated without fear of leaks or hacks.

“At FX Bridge, we have built our business on providing a fully integrated and convenient software solution for exchange markets,” Cunningham said. “Radar provides that same high quality product for any company interested in improving their communication and organization.”

Sonar™ Case Study: Realty Capital Partners, LLC – Dallas, TX

Running a private real estate investment firm that manages over 120 investment partnerships and a network of 1,500 investors requires superior organization to keep track of all the related investment information and paperwork.

Communication Overload

Since its inception in 1992, Realty Capital Partners (RCP) had amassed thousands of documents as it continued to sponsor new real estate investment opportunities and grow its investor base. While the company had a highly-customized, proprietary investment management system that it had developed over the years to store documents and streamline the investment process, it did not have the ability to provide its investors with up-to-date, personalized investment information securely and conveniently via the internet. The company relied on email to disseminate investment information, as well as regular mail, which could be very costly and time-consuming.

One example of this was during the annual tax season, when RCP had to distribute thousands of tax documents (over 9,000 documents in 2010) to its investors. While the company’s proprietary system automatically printed and emailed a large portion of these documents, the company still had to rely on its staff to send many of them through the regular mail. Accordingly, RCP wanted a way to provide its investors with a more immediate and secure method to access their tax documents.

Sonar™ Puts Everything in Order

RCP found such a solution with DocDep’s Sonar, which it implemented just prior to the start of the 2010 tax season. Upon launching the system, RCP’s investors received personalized login information to the website along with the ability to grant account access to other individuals, including personal accountants, financial advisors, and/or other family members. Investors could then go to Sonar’s “Portfolio” page to see a list of their investments or to the “Communications” page to view information related to these investments, such as tax documents, project updates and property photos. Most importantly, the company was able to distribute all 9,000 tax documents for the 2010 tax year in a more secure and timely manner than in past years.