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Acis is Australia’s largest full-service provider, distinguished from other players by our inhouse law firm. We bear full responsibility for the integrity of each of our products, with every document produced under the supervision of our legal team.
The Acis model addresses the biggest issue we have observed in the industry - the unacceptable commercial and professional indemnity risks being placed on non-lawyer advisers by other providers.
Traditional law firms supply documents to clients using largely manual processes, with limited technology or integrations. While there is lower risk to the user, the turnaround time is slow, it is expensive and the product integrity rests on an archaic precedent based system.
These companies supply template legal documents without taking any responsibility for validating the data provided by users. They allow accountants (and other non-lawyers) to produce legal documents without legal review/sign-off.
The responsibility for errors – and the reputational and financial risk – is left squarely on the adviser’s shoulders. To name a few systems using this model: NowInfinity, Cleardocs, trustdeed.com.au, LightYear Docs and MYOB.
Most accountants we speak to aren’t aware of this. It’s a professional indemnity risk we’ve had confirmed independently, and encourage you to do the same.