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Implementation of CLM Systems

Your benefits of the AI-based contract software from top.legal

Table of Contents

Writing and formatting contract texts so that they are adapted to the specific situation is an enormous amount of time. The text must cover all legal aspects, be linguistically qualified and at the same time be understandable to the client in such a way that the client feels at ease.

Model contracts, which can be found in numerous ways on the Internet, attempt to compensate for the demands between a high workload and a small amount of time. However, a long search for sample contracts, the comparison of various ready-made model contracts, doesn't really make the work any easier, because in the end, the question remains:

Does this template comprehensively regulate the needs of my specific situation, or does adapting set pieces to the individual situation of the parties involved take so much time that I can also draw up the contract myself?

Process-optimized contract management allows you to create your own templates and efficiently adapt them to the respective situation. Without searching and comparing, you have your personal templates clearly sorted and always at hand. Contract generators and the subsequent contract management ensure that your work is sustainably more efficient and safer:

1. Fewer resources required

With the help of our effective document automation solution, your need for additional resources to handle the large volume of documents is reduced. Processing is easier because all processing steps take place within one application.

2. Lower susceptibility to errors

Employees make mistakes. Especially with constantly recurring, identical pleadings, avoidable careless mistakes creep in all the more quickly, which often entail significant time delays in the further work process. By generating standard texts once, which can be used and adapted over and over again, these sources of error are reduced to a minimum, which sustainably increases the efficiency of your work processes.

3. Your documents will be more consistent and personalized to your needs

People's preferences for formats and styling within a company can vary. Generated documents often have a different “look and feel”, which is not representative of the customer. With our AI-based contract software, you can personalize any document in such a way that it matches the look of your company in order to reflect the professionalism in the layout as well.

4. More privacy and security for documents

Many documents are still being multiplied, created and stored unsecured in standard writing programs or even on paper, which makes it easy for unauthorised third parties to access them. With our intelligent contract management, you decide with whom you share your templates and which usage rights the other person should receive for the document. This makes it harder for unintentional people to access your files.

5. Always up to date

The number of clauses and guidelines that must be taken into account when drawing up contracts is constantly increasing. The best example of this is the EU General Data Protection Regulation adopted a few years ago. When a large number of documents need to be adapted to such changes, an IT-supported process is all the more helpful.

6. Work on contracts as a team

The process chains of those involved in contracts and their preparation are long. In most cases, several departments are involved, which makes fast and direct communication essential for an efficient workflow. Share your documents internally or externally to ask other lawyers to help you draft a contract.

Find out in a live demo how you can digitize your contract process with top.legal.

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