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POTPOURRI 34 WWW.ILTANET.ORG | ILTA WHITE PAPER The Necessary Extranet The Necessary Extranet by Sandy Roth of Bryan Cave LLP Whether we like it or not, we live in a 24/7 world, and globalization is driving the need for real-time content and data available at our fingertips. Everyone benefits from faster, more accurate, beer-organized information that is easy to share; indeed, clients now expect it. An extranet is a secure website that allows you to share documents, data and information. It allows you to collaborate or integrate operations with select users anywhere, anytime using a standard web browser. Extranet users might include clients, a work group, outside counsel, experts, suppliers or vendors. Are you developing extranets? If not, you should. Problems Extranets Solve What content-sharing problems can extranets solve? Check this list to see if these issues ring a bell: » A group needs to share and organize a large volume of documents with a client, co-counsel or others outside of the office. » Our client wants access to real-time accounting information, paid and unpaid invoices, and active documents. They would like a maer dashboard that displays all of this content. » Distribution of routine reports (e.g., status reports, board of director meeting minutes and financial statements) has become time-consuming and expensive. » You need to audit document activity to quickly see who reviewed, printed or saved documents in a project.

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