Digital Engine

AUTOMATION FOR INSOLVENCY PRACTITIONERS

Improve efficiency in fixed-fee insolvency cases and more complex insolvency cases

Legal-Assistant reduces the administrative workload in insolvency administration.

Insolvency cases involve large volumes of information that must be collected, reviewed, communicated, documented and archived – often under time pressure and with strict requirements for accuracy and traceability.

Digital Engine helps insolvency practitioners and law firms’ insolvency teams automate recurring tasks. The solution is built on Legal-Assistant, our business application for insolvency administration, with Office-Assistant providing the underlying automation engine.

Insolvency practitioner working with accounts, claims and documentation in a insolvency case
Legal Assistant

CHALLENGES

Challenges we often see at insolvency practices

Insolvency administration combines extensive administrative work and unstructured information with legal requirements, financial analysis and a clear responsibility to preserve and realise the value of the insolvency estate. This creates recurring challenges for practitioners and their case teams.

Numerous low-complexity administrative tasks

Recurring tasks take time away from work where the practitioner’s experience and judgement add greater value.

High risk if bank notifications are not sent immediately when an insolvency case begins

Risks arise when assistants or case administrators are unavailable at the start of an insolvency case and notifications instructing banks to stop extending credit are delayed

Large amounts of unstructured information to compile

Emails containing claims, bank responses, statements of account, lengthy debt-collection documents, company information from data providers and accounting records must be read, sorted, registered and archived in the correct location.

Many information sources and systems to manage

Information must be obtained from multiple external parties, registers and systems and then consolidated within the insolvency case.

Limited time for forensic investigation

Analysing transactions, identifying anomalies and deciding which irregularities require further investigation demand both expertise and time.

High expectations for asset realisation

The insolvency practitioner is expected to recover funds and realise estate assets while keeping day-to-day administration running smoothly.

Strict requirements for accurate and complete case administration

The work must be structured and comply with the guidelines of the Swedish supervisory authority (TSM), with appropriate documentation and traceability throughout the case.

Low margins in fixed-fee insolvency cases

When remuneration is limited, efficient and standardised working methods are particularly important.

SIX MODULES IN LEGAL-ASSISTANT

Choose one module or combine several parts of the insolvency process.

All six modules are part of Legal-Assistant and are designed for recurring tasks in insolvency administration. A firm can start with a single module and add more as its needs evolve.

SYSTEMS & INFORMATION SOURCES

Connections to the systems surrounding each insolvency case.

Read about integrations & information sources →

CUSTOMERS

Automation already used in a significant share of Sweden’s insolvency cases.

Digital Engine’s automation services currently handle approximately 25% of all insolvency cases in Sweden. Our customers include most of Sweden’s largest insolvency practices.

This gives us practical experience of how automation must work in real insolvency cases – from case initiation and information gathering to claims management, analysis, formal claims procedures and ongoing creditor communication.

AUTOMATION FOR INSOLVENCY PRACTITIONERS

Detailed product information is available in the Client Portal.

Go to Client Portal