- Make use of a document automation and creation solution to get the first draft ready in no time -
Drafting time is significantly reduced by using document automation and creation solutions. Even, for example, with a complex sale of share transaction, you will be able to get the first drafts of the
transaction documents out in minutes.
- Use the dynamic questionnaires to function as a checklist for yourself -
You have years of experience and knowledge, but there is always the possibility that you will miss something. Working through a dynamic questionnaire that changes and adapts as you go along will guide you in considering and answering applicable questions that may relate to a transaction.
- Avoid bloated agreements with clauses that are not applicable to
the transaction -
By completing the dynamic questionnaire, only applicable clauses will be added to the document and bloating of the document will be avoided and this will in turn also save time.
- Make use of document packs -
Using automated document packs holds significant time-saving benefits and increases accuracy as there is no need for manual copying and pasting of information. Data is only entered
once and can be incorporated into the remaining documents in the pack.
- Let your support staff assist
Collaboration during document creation also holds key efficiency benefits. By using various team members to create, review and sign off on the data input, fee earners can focus on what
matters (like getting the deal through!).
- Use a trusted electronic signature solution
Getting relevant parties to print out transaction documents, sign and scan them back can be a frustrating process. Rather make the signing process more convenient for
your clients with an easy to use electronic signature solution.
By using a good electronic singing solution, you will be able to see exactly when the client was notified to sign the transaction documents, when the client viewed the transaction documents and when the documents were signed. The system will automatically generate follow-up emails and keep all parties up to date.
Once the signing process is completed the parties will receive the fully signed transaction document pack.
- Make use of a central contract repository with AI smart search capabilities combined with a contract life cycle platform
No more spending hours searching for the contracts that you know was on your table just last week.
A central contract repository combined with a contract life cycle management
solution will greatly reduce the risk of missing key dates. All parties contact information is captured and stored centrally and key dates and reminders can easily be set to avoid embarrassing and awkward conversations
that you may need to have with your client because you forgot to notify the other contract party that your client does not wish to proceed with the purchase because he was not happy with the
With the use of AI Smart Search technology, the search engine will even look for the search results in the scanned document by using optical character recognition.
So no more manually paging through contracts looking for a clause that you know you inserted.