How they describe themselves: HotDocs is a leader in document automation technology with thousands of clients and more than one million end users worldwide. Cited by Gartner as a “Cool Vendor” and “Best of Breed Technology” in the Enterprise Content Management space, HotDocs is used to transform frequently used documents into dynamic templates that maximise efficiency and accuracy in the production of business-critical documentation. In financial services, HotDocs is used by large banks and insurance companies to automate various documents, including corporate and commercial lending documentation, customer onboarding, claims processing and policy documents. Use of HotDocs reduces risk, aids compliance, enables standardisation and creates operational efficiency.
How they describe their product/innovation: HotDocs Author is our next generation document authoring tool. It’s packed full of innovations to simplify and streamline the creation of intelligent document templates, in a fraction of the time, at a fraction of the cost, of traditional document production processes. HotDocs allows easy control of document output, ensuring accuracy, mitigating risk, augmenting compliance and creating substantial operational efficiencies. HotDocs integrates easily with enterprise data sources and other applications such as lending platforms, CRM and BPM technologies, or any other system with document output requirement. HotDocs technology can be deployed on premise or in the cloud, or a hybrid of both.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms