Digital conveyancing is all about making your life as a legal professional easier. It automates many time-consuming manual processes, allows for better communication between teams and clients, provides enhanced security measures, and so much more. That’s not all; embracing digital conveyancing can significantly reduce your risks of non-compliance. In this article, we’ve compiled some ways digital conveyancing can do this.
Digital conveyancing platforms can automate many checks that need to be carried out during the conveyancing process. This includes checking for compliance with regulations and laws, such as anti-money laundering rules, compliance with environmental regulations, and compliance with property transfer laws. Automated checks can identify potential compliance issues quickly, reducing the risk of non-compliance.
Digital conveyancing platforms can ensure that all parties involved in the conveyancing process follow consistent processes. This helps to ensure that all relevant information is collected, and all necessary checks are carried out, reducing the risk of non-compliance due to human error.
They can also provide real-time updates on the progress of the conveyancing process. This helps to ensure that all parties involved are aware of any changes or issues that may arise, reducing the risk of non-compliance due to miscommunication.
Not only that, but they also help to ensure that all relevant documents and records are stored in a centralised location. This makes tracking and managing compliance-related documentation easier, reducing the risk of non-compliance due to lost or missing documents.
Digital conveyancing platforms can provide enhanced security measures, such as two-factor authentication and encryption, to protect sensitive information. This helps to reduce the risk of non-compliance due to data breaches or unauthorised access to confidential information.
Hoowla’s digital conveyancing software can help you stay compliant by automating many of the compliance checks and processes involved in the conveyancing process, such as automatically doing a conflict check when a new case has been opened; you can run another check on individuals as you add their details to the case. All the reports are saved to the case, so you can report on these at any time. Our software provides a centralised platform for record-keeping, ensuring that all necessary documentation is stored in a secure and easily accessible location. In addition, the platform includes real-time updates and notifications, helping you stay up-to-date with any changes or issues that may arise during the conveyancing process.
The software also includes features such as anti-money laundering checks, identity verification, and client due diligence checks, all of which help to ensure compliance with relevant laws and regulations. By automating these processes, Hoowla’s digital conveyancing software reduces the risk of non-compliance and associated penalties.
Hoowla’s digital conveyancing software streamlines the process, making it easier for conveyancers to comply with the latest regulations and laws. By reducing the risk of non-compliance and improving efficiency, the software allows conveyancers to focus on more important aspects of their work and provide a better service to their clients.
Not too long ago, we released a comprehensive piece about how using Hoowla can help you avoid regulatory breaches in multiple areas within the legal industry. You can read more about our features and how they can benefit your firm here.
Alternatively, if you want to see Hoowla in action, you can book a free, no-obligation demo today!
This article was submitted to be published by Hoowla as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.
