Compliance as a Driver to Improving Overall Legal Operations
Maxwell Technologies manufactures ultra capacitors, postage stamp-sized cells that are able to provide quick bursts of energy to meet power demands. Since implementing Apttus, the legal department at Maxwell Technologies has positively impacted their revenue. The team decreased the contract cycle time and reduced outside counsel fees by 30%. Furthermore, Maxwell Technologies now has a stronger compliance program, improved accuracy, and an increase in reporting functionality, all these improvements prove that a traditionally isolated and non-revenue impacting department of a company can become a front office asset.
Apttus customer Maxwell Technologies is more than capable of making products that store energy and deliver power. The company makes ultra-capacitors, postage stamp-sized cells that are able to provide quick bursts of energy to meet power demands, then recharge by capturing excess power that would otherwise be lost. Its ultra-capacitors are used to provide additional power for hybrid cars, electric trains, semi-trucks, energy grids, solid-state memory, and other applications that need fast, reliable power. Maxwell also makes high-voltage capacitors that protect power grid systems and radiation-shielded microelectronics for satellites and spacecraft.