Proven Benefits of Contract Automation

1. Less friction for legal: Legal accuracy is central to our contracts, and the system makes it easy for legal to stay on top of their game. Lawyer’s no longer need to dig through paperwork to identify risks, for this can be easily identified, monitored on the system. It is easy to note trends and track performance of every contract, even in busy legal departments that handle huge volumes of contracts.
2. Saves on time: similarly, legal doesn’t have to spend its time crawling through email chains to unearth risk, nor haranguing salespeople to check that the latest version was used. Lawyers can enable the business instead of blocking it, but without losing control.
3. Better, more accessible records: with all contracts generated, negotiated, approved, signed and stored in one system, contracts are easy to track and their life cycle is fully monitored.
4. Sales enablement: a self-serve process, with a transparent approval workflow, means sales don’t have to delay waiting for legal to deliver on paperwork. The system flows seamlessly.
5. Easy audit trail: when the Contracts are up for renegotiation, it’s clear how and why any changes were made last time. Audit of contracts can be done internally on any given day because all documents, life cycles and action points are accessible and backed by visible data.

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