MINNEAPOLIS--(EON: Enhanced Online News)--Kroll Ontrack, the leading provider of ediscovery and data recovery products and services, today announced the launch of a breakthrough portfolio and project management solution on ediscovery.com, empowering users to collaboratively manage their cases as a collective portfolio from any device. Through interactive dashboards that provide real-time metrics about ediscovery spend and project details, ediscovery.com allows organizations to accurately track and forecast spend, identify trends and find opportunities for greater efficiency.
“Using ediscovery.com for portfolio management is a game-changer”
“Anyone who has ever been involved in ediscovery understands the complexity of managing projects individually across massive spreadsheets and a plethora of email and phone calls,” said Dean Hager, president and CEO, Kroll Ontrack. “Similar to managing your personal financials through your preferred online banking site, ediscovery.com is a collaborative and interactive platform, accessible from any device, that delivers portfolio and project-level transparency that simply hasn’t existed in the ediscovery industry until now. With this level of detail in-hand, ediscovery managers can not only track total ediscovery spend, but also control it.”
“Using ediscovery.com for portfolio management is a game-changer,” said Jon Talotta, partner, Hogan Lovells. “The level of sophisticated data visible across projects, time periods and phases gives us the ability to better manage the ediscovery process on behalf of our clients.”
Key functionality in ediscovery.com includes:
Portfolio and project financial data: With the ability to view and interact with ediscovery financial metrics across an entire portfolio or by individual project, stakeholders gain full transparency into ediscovery spend in order to accurately forecast, track against budget and make strategic decisions to control costs. Beyond total spend, users can filter a subset of projects to analyze how each contributes to total spend, conduct side-by-side analysis to compare and contrast spend by project phase, and access historical invoicing.
Project analytics: To determine how a specific case strategy is performing and find opportunities for greater efficiency, project managers can drill down into projects to find key details, including volume of processed data, data volume passed through to early data assessment, and data volume sent for review. At the custodian level, users can conduct side-by-side comparisons to identify custodian trends, validate keyword hit rates and contrast source data with data sent for review.
Project collaboration and direction: The Project Wall within ediscovery.com eliminates the barrage of phone calls and emails associated with ediscovery management today by unifying all project activity in one Project Wall. Case team members can track project updates posted by the system or other team members, pose questions to the team, and provide clear work direction, giving them the ability to manage cases in real-time from any device. Further, users can search and filter project communication history, avoiding the common practice of creating elaborate email file folder structures.
“The Project Wall not only gives you the information you want and need when you need it, but also enhances the ability for law firms, corporations and third-parties to more effectively conduct ediscovery project management,” said Ralph Losey, partner, Jackson Lewis. “It is an innovation that will potentially change the way ediscovery project management is conducted.”
“Ediscovery.com is industry changing because it brings people and project activity together as one,” said Kamal Gad-el-hak, product manager, Kroll Ontrack. “With transparent financial data, trend insights and centralized communication, ediscovery management is not only more efficient, but more strategic.”
Ediscovery.com for portfolio management is currently in limited availability with general availability planned for early 2014. For more information, visit: www.ediscovery.com/solutions/manage.
About Kroll Ontrack Inc.
Kroll Ontrack provides technology-driven services and software to help legal, corporate and government entities as well as consumers manage, recover, search, analyze, and produce data efficiently and cost-effectively. In addition to its award-winning suite of software, Kroll Ontrack provides data recovery, data destruction, electronic discovery and document review. Kroll Ontrack is a subsidiary of Altegrity, an industry-leading provider of information solutions. For more information about Kroll Ontrack and its offerings please visit: www.ediscovery.com or follow @KrollOntrack on Twitter.