In the course of making a deal, in-house counsel aspire to maximize profits and eliminate wasteful spending. Shareholder Representative Services Acquiom, a company that manages administrative needs for M&A deals, has identified some $5 billion per year that parties could save by working smarter.
According to a recent white paper issued by the company [PDF], slow payments, administrative hassles and poorly invested escrows all contribute to unnecessary costs. SRS Acquiom has developed its own solution—Acquiom Clearinghouse—that uses technology to save time and money during the M&A process.
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