Legal Entity Management
Using legal entity management (LEM):
- Companies manage their own personal and company data; and
- Companies make agreements with their partners about sharing their data.
An information ecosystem is developing in which a company obtains certainty about the identity of companies and their authorized representatives. Insight into the relationships of the company and its partners. MYOBI makes it as easy as possible by making company data available from authentic sources (such as the Chambers of Commerce).
Users of the trusted network get a grip on their data and organize the preconditions for freedom and safeguarding the continuity of business activities. They can also organize their business processes more effectively and cost-efficiently.
The MYOBI Trusted Network facilitates company users to be accountable for organizing compliance with legal and contractual data protection and information security obligations.
The Accountability Seal Policy, as part of the TTP policy, which includes the MYOBI Code of Conduct GDPR, is a starting point for organizing accountability. Preparations are being made to have the MYOBI Code of Conduct GDPR approved by the supervisory authority, the Dutch Data Protection Authority (AP).
MYOBI offers companies more certainty about the expectations of the supervisor. The expectations offer the opportunity to organize the desired compliance effectively and cost-efficiently.
On the MYOBI Trusted Network, professional organisations manage trusted services. Users of the trusted network use these services to optimise business processes.
The following trust services are available:
- Extensions to the basic functionality of Legal Entity Management (LEM), LEM next;
- Smart contracting aimed at optimally supporting the company legal function; and
- Smart compliance focused on organising company compliance function.
Companies use the information ecosystem to purchase the services. The service desk and account management will be happy to help you with, for example, the creation of a business case.