Rapid NDA and agreement generation
Non-Disclosure Agreements (NDAs) and standard agreements are the lifeblood of business negotiations and sales deals. Automating their creation enables sales teams to generate these crucial documents on demand, without waiting for legal input. This not only saves time, but also instills confidence in prospects, showing them that your organization is agile and responsive.
Customize
It’s not just NDAs. With automation tools like TAP, legal can generate a variety of contracts, including service agreements, certificates, waivers, and more. All in a matter of minutes. Documents can be created once, templatized, and then customized with the necessary details, ensuring accuracy and compliance every time.
Self-service
With self-service options for generating routine contracts and documents, sales can initiate a workflow or a self-service template without ever engaging with a legal team member. TAP’s dynamic conditional logic means that thresholds and triggers can be set for what is standard – and what needs additional review.
Compliance assurance
With workflow, the entire process is defined, which means compliance is built in. Sales reps can only submit a request with all the information first. By embedding knowledge and compliance checks directly into the workflow, legal teams can rest assured that all documents throughout the sales deal meet internal procedure and regulatory requirements. Automation tools can also flag potential issues for review, minimizing risks associated with non-compliance.
Data-driven insights
Automation provides valuable data on the contract lifecycle, revealing bottlenecks and areas for improvement. This data-driven approach allows legal to continuously refine processes, allocate resources, and leverage staff where they are specialized or work best.
Automatic notifications
In a dynamic sales environment, knowing the status of a contract is invaluable. TAP provides real-time tracking, allowing sales teams to see where a document is in the approval process. To that end, notifications can be set up to alert stakeholders when action is needed, ensuring that contracts can keep moving forward without delay. Take the Microsoft Team App, for example, where reps can view the status and owner directly in teams.
We’ve seen time and time again how automation can promote seamless collaboration between legal and sales teams. Real-time updates and notifications keep everyone in the loop, reducing delays and miscommunications. And as a result, this level of transparency fosters trust and synergy between departments.
Elevating the future of legal work (and the speed of sales deals) with workflow
With workflow automation, legal teams transform from gatekeepers to enablers of sales success. It’s a tool that can help your team take a proactive stance in driving sales deals forward by streamlining processes, eliminating bottlenecks, and automating compliance. And when the contract lifecycle moves faster (with fewer errors), sales teams can do what they do best: closing those sales deals faster. It is a win-win for legal, sales, and the entire organization.