Teri Marlene Prince, CEOLarge-scale frauds, disasters, major recalls, and contractor credentialing all have a common legal denominator. They involve large numbers of persons, organizations, objects, events and documents that must be analyzed and managed securely, efficiently and effectively often across nations and continents with reporting in multiple jurisdictions.
The complex nature of these issues creates litigation and management challenges for corporations and law firms, as well as regulatory bodies. “Our e-justice solutions cross jurisdictional, institutional, organizational and national boundaries, and scale for global operations,” says Teri Marlene Prince, CEO, Terida. Pinehurst, North Carolina and Toronto, Canada based Terida provides solutions and consultancy services to support all phases of web-based justice systems ranging from class action claims and settlements to supply chain risk management and automatic document classification analysis.
“We mitigate risk and delay in mission-critical legal activities and exposures, and reduce the administrative burden of managing complex litigation and compliance,” says Teri.
Terida offers its flagship technology platform, the CLASsoft Technology Framework (CLASsoft), and project accelerator to deliver solutions related to litigation, settlement and risk. “The Terida process drives CLASsoft engagements and ensures demonstrable progress, proactive collaboration with clients, and early delivery of key functionalities,” states Teri. Terida’s iterative methodology encompasses all phases of the project from identifying requirements to deployment of a solution. “Our products and services manage and transform multi-country, multi-language litigation and operations,” states Teri. Terida’s web-based platform, supported on any standard browser, manages the complete process automation engagement ensuring a solution customized to meet the objectives, requirements and terms of the problem, litigation or settlement. The company harnesses a service oriented architecture through its CLASsoft platform that amalgamates functions into modules, which are protected by well-defined roll based security.
“We have revolutionized litigation, settlements, and logistic support services through our Technology Framework,” says Teri.
Our e-justice solutions cross jurisdictional, institutional, organizational and national boundaries, and scale for global operations
Terida solutions are utilized for class action, product recall, incident management, claims and damages, and party and counter party compliance, management and training. The company offers secure collocation facilities and turnkey mass claimant solutions for product liability cases, food contaminations and other health emergencies, explosions, fire, rail and other disasters, and securities, price fixing and other economic frauds. Terida’s services and expertise in consulting and technology play a key role in the resolution of complex litigation or regulatory problems. Clients harness the efficiencies of Terida solutions at all stages of complex litigation including implementation of court-imposed settlements, during pre-settlement negotiations, or to collect and manage the information needed to quantify damages. “In our experience, the earlier we are engaged, the greater the return on client investment,” states Teri.
“We began our journey as consultants specializing in business process automation of highly complex, large scale litigation and settlements and then our portfolio quickly expanded to include government, corporate, and healthcare clients,” states Teri. Terida strives to create an impact in the legal technology arena and leverages its experience, proven project methods, and information technology platforms in the international regulatory environment. “Our solutions bring down the procedural cost historically incurred by the client” says Teri. The company aims to add services and solutions to its existing range of products and foray into newer markets. Stating the ultimate goal of Terida, Teri says, “Our goal is automation of multi-step processes with intuitive multi-language user interfaces, gathering data from multiple sources, and making that data available to increase efficiency and diminish risk.”