Up to 90% higher productivity with BetterCo's entity & timeline management
BetterCo is the single-source-of-truth platform: from onboarding your entities with data prefilled from the commercial register, to entity & timeline management with a 360° view of your holdings, to monitoring deadlines and events
5x faster onboarding with identification of beneficial owners
Flexibly create entities with data prefilled from the commercial register and other data sources, determine and identify legal representatives and beneficial owners, and create structure charts and cap tables
Integrated entity management – always keep track of your holdings' timeline
With 100+ events and 160+ roles, actively manage your holdings via events and timelines, and define your own events and roles if needed
Communicate quickly and easily via chats and comments
Use group chats, discussions, comments and reminders to communicate clearly and transparently, internally or with customer teams.
Always up to date on what's happening with your entities
Proactive instead of reactive – stay up to date with notifications about expired ID documents, upcoming deadlines, new events from the commercial register and the related to-dos
Compliant, on-time decision-making and documentation with our customizable workflows
Make and document all governance-relevant decisions such as approvals and formal resolutions based on templates (reflecting current legal practice). Manage meeting resolutions and contracts using our identity verification methods and legally binding signature management.
Governance-relevant decisions, on time and hassle-free
Document and carry out governance-relevant decisions such as approvals and formal resolutions on time, and involve the right governing bodies
Automatically fill formal resolution drafts from the template library
Use our resolution templates, which reflect the latest case law, adapt them if needed and fill them automatically with the relevant data
Sign documents and resolutions in a legally binding way
Manage legally binding signing of contracts and documents using various signature methods (from PDF & scan and hard copy to DocuSign and qualified electronic signatures). Get reminders about relevant deadlines and dates from the documents.
Verify the identity of authorized representatives in a compliant way
Use our identity verification methods to identify authorized signatories (face-to-face, notarized copy, AutoIdent, VideoIdent, ..).
With BetterCo, we save enormous amounts of time and money on KYC onboarding and risk assessment of our clients, signing the engagement agreement and ongoing AML monitoring. Our clients appreciate the short turnaround times, and we no longer have to play email ping-pong. Our partners can focus on their projects instead of tedious administration.
Helder SchnittkerManaging Partner, YPOG Partnership Berlin
As investment bankers, we are subject to the GwG for our strategy and M&A advisory services. With BetterCo, our teams can collect the required KYC data completely and quickly with ease. BetterCo also actively informs us about changes affecting our clients. And our risk position is transparent to me at all times.
Breaches of GwG obligations are strictly penalized by the competent supervisory authorities. In addition to heavy fines, an entry in the Central Trade Register may follow. With BetterCo's KYC workflows, we can prove at any time that we have met our due diligence obligations and fulfill the record-keeping and retention obligations under the GwG.
Karin ArnoldLawyer and notary, Board Member of the Berlin Chamber of Notaries, Arnold Anwälte, Berlin
Additional services
Short on resources? Get support from partner law firms
Governance-as-a-Service
Discover our Governance-as-a-Service! With our trained partners from law firms, you can optimize your corporate governance processes professionally and reduce your own workload!
Our servers are secured and located in Germany. We comply with the EU General Data Protection Regulation of 2016 (GDPR).
Encryption in transit
All information and data is transmitted to our servers encrypted via the TLS protocol, so no one can intercept it.
Encryption at rest
All information and data is stored encrypted on our servers using the RSA and AES protocols, so no one can read it without authorization.
Frequently asked questions
Which processes does BetterCo support out of the box?
BetterCo supports GwG-compliant onboarding and monitoring of your clients, investors, buyers, dealers, holdings, customers, and more. KYC onboarding covers the identification (= data collection) of your customers – whether natural persons or legal entities (B2C/B2B KYC) – and, where applicable, the identification of beneficial owners and authorized representatives. We access public data sources to prefill data as far as possible. Based on the data collected, you can create the risk assessment and derive due diligence obligations. To verify the identity of customers, beneficial owners and authorized representatives after identification, we offer suitable methods – from face-to-face verification to qualified electronic signatures with VideoIdent. Of course, you can also bring your own DocuSign account.
How can I customize BetterCo to give my customers a consistent user experience?
BetterCo integrates seamlessly into your website. The data is stored directly in your BetterCo workspace and can be further qualified through KYC-compliant onboarding, risk assessment and identity verification. If needed, the customer can be invited to collaborate in BetterCo at any time to add or confirm information.
Over the years, we have established a mix of digital, email-based and paper-based processes. These are hard to change. How does BetterCo fit into our existing processes?
Thanks to our approach of generating no-code workflows and dynamically storing extended master or process data, every process can be tailored to your needs. By default, each workflow produces a PDF-based report at the end. This can serve as a "bridge" to email- and paper-based processes. You can also easily create workflows in which you store your PDF reports. This way, you can digitize your existing customer journey step by step.
I already use a CRM or a downstream practice management / ERP system. Which systems can BetterCo integrate with?
BetterCo is an end-to-end system that supports all onboarding processes, from integration into your website to contract signing. At the same time, BetterCo's architecture is designed to integrate into existing system landscapes. Together with our partners, we are continuously expanding our out-of-the-box integrations, e.g. with law firm software such as LegalSense or CRMs such as HubSpot. Contact us.
As a GwG-regulated company, I am required to regularly review the risk of my existing customers as well. How can BetterCo support me here?
BetterCo lets you regularly check all company and contact data of your customers against public data sources such as the commercial register or PEP, sanctions and adverse media data. You can set up dedicated notifications, for example to be informed about the appointment of new managing directors, changes in the shareholder structure or a PEP listing.
Discover the entire BetterCo platform
With BetterCo, you finally no longer have to compromise between efficient legal compliance and an exceptional digital client experience.