PayAlly was founded in 2017 by a team of international entrepreneurs and banking professionals with the goal of streamlining international commerce. PayAlly’s mission is to provide companies of any scale with advanced financial solutions coupled with first-class customer service and access to dedicated account managers.
As the world of finance is rushing into non-personal communication, PayAlly strives to remain personable and offer an exclusive solution. For the company, every client matters, regardless of size or transaction volume.
Working at PayAlly means being a part of an international team of like-minded professionals working in a fast-growing business and utilizing the most innovative products as well as delivering customized and personalized digital services for their clients. The team takes pride in working with global clients, using up-to-date technology and financial solutions, and offering a personalized approach to each client.
Their people are their biggest assets, which is why they care about social protection, invest in people and offer any new joiner the chance to be part of a successful financial service business.
PayAlly Limited is a private limited company registered in England and Wales (company number 10600055). PayAlly Limited is authorized by the Financial Conduct Authority under the Payment Service Regulations 2017 and Electronic Money Regulations 2011 (FRN774327) for the provision of payment and e-money issuing services.
Ilja Balkus is a General Counsel and Company Secretary at PayAlly Ltd, an electronic money institution in the UK. He is a Solicitor in England and Wales and has worked as a lawyer in private practice and in-house for over a decade. Before becoming General Counsel, he was a criminal, regulatory, healthcare, property, and corporate governance lawyer.
Mr. Ilja Balkus was looking for a contract management and matter management software for the Legal Team at PayAlly. Initially, the team was very new, and relatively small. When Mr. Balkus started working at PayAlly, and established the team; he was keen on having a proper LPMS & CLM software, from the start.
Mr. Balkus looked through half a dozen different systems, and was faced with a recurring issue. The pricing is always too high, and this was not feasible for their budget, and for their rather small team. Finally, and after being referred, Mr. Balkus found App4Legal to be the most valuable for its price.
Mr. Balkus is impressed by the massive potential to scale App4Legal’s workspace. He finds the software to be extremely effective, and has experienced the impact on productivity and efficiency, first hand. Moreover, Mr. Balkus appreciates the constant developments and improvements to the system, since he started using App4Legal. He also emphasizes App4Legal’s responsiveness to suggestions for updates and developments to the system.
At PayAlly, every member of the legal team has a very specific role, defined tasks, and is specialized in their area. Mr. Balkus assumes a more general counseling role, where he finds matter management, and specifically contract management to be invaluable.
Moreover, PayAlly has a number of their Client Accounts linked to the Contracts Module. These clients can connect and view contracts that are relevant to them. For example, if it’s a team manager, they would have access to all of their staff contracts, some banking documents. If it’s someone within the customer service and business development team, they have access to their vendors, clients, etc. App4Legal allows PayAlly to design a Pyramid-like workflow, where Mr. Balkus has access to virtually everything, and other team members have role-based access, configured according to the need and workflow.
Mr. Balkus is keen on changing the approach; how legal gets things done. That said, the legal team at PayAlly is automating a great deal of their workload. For example, standardizing contracts through templates has eliminated the need for different stages of approval. When drafting an NDA, for example, there is no longer the need for a lawyer. To generate an NDA, a user can simply choose the template, fill in essential data, and send to the concerned parties.
However, when it comes to more complex approval stages, App4Legal’s smart and easily configurable system makes it quick and painless for contracts to be viewed, edited, approved, and signed – all within a central authority matrix. Mr. Balkus explains that approvals are directly implemented through the contracts module.
Mr. Balkus is very pleased with the Technical and Support Teams at App4Legal. He emphasizes the truly exceptional service provided when it comes to fixes, suggestions for development, and custom configurations.
Mr. Balkus continues to describe the App4Legal team as prompt, effective, and friendly. He feels comfortable making suggestions, and always sees quick results.