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The Dodd-Frank revolution has financial companies many times the size of Bethesda, Md.-based American Capital Ltd. at a near frenzy, trying to modernize practices to meet the continuing flow of new global reporting and record-keeping requirements. With only 350 employees companywide at the publicly traded private-equity firm, general counsel Samuel Flax and his 13-attorney staff decided to fight the battle with four technology projects that have cut significant time, paper and confusion out of their brave new regulatory world.

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