About the Event: Bosses Network Young Chapter (BNYC)

The Bosses Network Young Chapter (BNYC), established in 2015, serves as a dynamic platform for second-generation business owners and young entrepreneurs aged 40 and below. Continuing the legacy of The Bosses Network (BN), founded in 1997, BNYC is dedicated to fostering lifelong learning, growth, and collaboration among emerging business leaders.

BNYC organises a variety of learning and networking events, including company visits, overseas learning trips, and celebrations, providing members with opportunities to connect, share experiences, and grow together.  These events are designed to support young leaders as they navigate the complexities of modernising traditional business structures and embracing digital transformation.

As part of these networking activities, BNYC 2025 brought together around 30-second and third-generation business owners. The event was designed as a knowledge-sharing session for leaders preparing to take on more responsibility in their family firms. It featured panel discussions on using digital tools to modernise traditional business structures.

The Theme: Future-Proofing Multi-Generational Businesses in the Digital Era

Lexagle’s presentation focused on the realities of running a legacy business in a region where 85 percent of companies are family-owned. Legacy businesses often carry deep roots and strong reputations. However, those strengths can become friction points when companies begin to grow, expand, or adapt.

Gerald emphasised the importance of building systems that retain information people tend to forget. With multiple stakeholders and complex approvals, it becomes harder to rely on memory or informal processes. Missed renewals, delayed signatures and unclear ownership of tasks create risk. The message is clear: institutional memory must be supported by system memory.

Key Takeaways from Gerald’s Presentation

Gerald shared that many family businesses still rely on email chains, spreadsheets and desktop folders for contract management. While this may have worked when teams were small, today’s compliance environment demands more structure. Delays, missed clauses and inconsistent templates can lead to reputational or legal damage.

He walked the audience through five key pain points: scattered storage, slow approvals, missed deadlines, inconsistent terms and poor version control. These issues grow as businesses scale. Regulatory requirements now require better documentation and oversight.

Lexagle’s platform addresses these problems through smart contracts for family businesses. That means using automation, templates and AI-assisted tools to manage every stage of a contract’s life from drafting and review to approval and renewal.

Lexagle’s Role in Driving Digital Transformation

Lexagle has become a trusted partner for businesses that are proofing legal operations. Its platform is built to maximise contract lifecycle management automation. From drafting and collaboration to e-signatures and renewals, everything is streamlined in one place.

What sets Lexagle apart is its focus on real business use cases. Lexagle offers more than smart legal tools. The platform creates a shared space where sales, procurement, HR and leadership teams can all handle contracts in ways that match how they already work. The result is better coordination, fewer errors, and faster turnaround.

The platform also supports regulatory compliance. With audit trails, role-based permissions and data controls, teams can meet internal and external standards without extra manual work.

Lexagle helps teams handle PDPA, GDPR and similar data laws by building those rules into how contracts are created, reviewed and stored. Lexagle’s AI for contract risk management keeps contracts aligned with policy by flagging risks and suggesting clauses. Teams can move quickly without missing key details.

As legal digital transformation becomes a priority across sectors, Lexagle stands out by making that change practical.

Key Benefits Presented

Lexagle’s smart contract solutions were presented through five themes:

• Standardised Templates: Lexagle provides pre-approved templates tailored to different teams, business units or jurisdictions. These templates maintain a consistent tone, enforce brand voice and embed preferred legal terms. Legal teams control the structure while commercial teams use them with ease, reducing the need for case-by-case drafting.
• Smarter Drafting: The platform uses AI to recommend clauses based on past contracts, risk level and deal type. Instead of starting from scratch, users get context-aware suggestions pulled from company policy, fallback positions and previous agreements. This reduces legal review time and improves consistency across teams.
• Policy-Based Workflows: Approval flows follow internal rules. Lexagle routes contracts to the right person based on deal size, geography, department or other logic. Users don’t need to think about who approves what — the system handles it behind the scenes. This prevents bottlenecks and makes governance easier to uphold.
• Institutional Memory: Knowledge stays accessible even if people change roles or leave the company. Lexagle tags clauses and captures version history so users can search across thousands of agreements by topic, counterparty or issue. This helps new team members onboard faster and allows teams to learn from what’s been done before.
• Audit-Ready Records: Every edit, comment, and signature is tracked with a full audit trail. Permissions are role-based and activity logs can be exported for audits or internal reviews. Whether it’s for compliance, generational business succession, or day-to-day accountability, Lexagle keeps a clean record of what was done and when.

Inspiring the Next Wave of Leaders in Tech and Law

BNYC 2025 also offered a space for deeper conversations about how family enterprises can grow without losing the structures that make them resilient. Discussions moved beyond day-to-day operations and looked at how leadership mindsets are evolving alongside business tools.

Gerald’s session prompted many to think differently about internal processes. Instead of relying on informal habits or scattered approvals, attendees explored how clear systems create accountability and reduce friction as teams expand.

Lexagle’s involvement went beyond showcasing features. Its team engaged with founders and successors about long-term planning, organisational memory, and the role of digital tools in sustaining continuity through leadership changes.

Through these exchanges, it became clear that technology is most effective when it supports how people work together. Lexagle helps ensure that knowledge doesn’t disappear when someone leaves and that decisions are grounded in shared information rather than individual recall.

Final Thoughts: Driving Growth Through Technology and Collaboration

BNYC 2025 made one thing clear—family businesses are actively searching for tools that match the complexity of their operations. Conversations throughout the event pointed to a shared need for clearer systems, especially as leadership shifts to the next generation.

As more enterprises begin to adopt legal tech for family businesses, the focus is shifting from short-term fixes to long-term stability. Lexagle’s role is to support that change by helping multi-generational businesses in the digital era stay organised, reduce risk, and preserve what makes them unique. Explore how Lexagle can future-proof your operations with scalable AI-powered tools. Book a personalised demo today.