Generating legal contracts is an essential part of many businesses, but the process can often be time-consuming and complex. Fortunately, with the advent of technology, there are now several tools available that can help streamline the process of contract generation. These tools can automate the document creation process, reduce the potential for errors, and save businesses time and money. In this blog post, we will explore five top contract generation tools that can help you boost your legal workflow.
Let's dive in!
A contract generator tool is an essential way to automate boring and time-consuming legal processes.
Contract generation technologies make it easier for legal and business teams to develop, negotiate, sign, renew, and report on company contracts by automating the manual labour that has historically been required in the contract workflow.
The contract creation procedure is significantly sped up by online tools. This is because using an existing template to create a document can frequently save time compared to writing a contract from scratch.
PandaDoc is a straightforward yet effective document processing solution that goes beyond standard online contract-generating software. Creating stunning, useful, and legally binding documents at scale is easy with PandaDoc because of its design, sending, tracking, and eSigning capabilities.
By maintaining data security in its secure cloud storage facilities, this secure solution provides businesses with an audit trail for documents. PandaDoc provides specialized solutions if you want a program that complies with the Health Insurance Portability and Accountability Act (HIPAA).
Fill up your documents with client information, contract conditions, and payment information using a simple platform. Creating business contracts used to take your sales representatives hours; now, it takes just a few.
DocuSign is a cloud-based electronic signature platform that enables users to manage and sign documents digitally. Its contract generation and automation features make it a popular tool for businesses looking to streamline their legal workflows. With DocuSign users can create and edit contracts, send them for signature, and track their progress.
The platform's electronic signature technology provides added security and convenience, allowing users to sign documents remotely from any device. DocuSign's user-friendly interface and integrations with other business tools make it a top choice for businesses of all sizes.
Ironclad is a contract management platform that uses AI to analyse contracts and provide insights on potential issues or opportunities for optimization.
With its powerful automation features, Ironclad can help businesses save time and reduce the risk of errors in the contract management process. The platform's customizable workflows and integrations with other business tools make it a popular choice for legal teams looking to streamline their workflows.
Ironclad's use of AI allows it to identify areas for improvement, such as clauses that could be updated to better protect a business's interests. With Ironclad, businesses can take control of their contract management processes and work more efficiently.
Dropbox Sign (formerly HelloSign) is an electronic signature and document management platform with an easy-to-use UI. The software enables organizations to easily produce and manage legally binding agreements, such as contracts. Users may quickly add fields for signatures and other essential information to customisable templates.
Dropbox Sign also integrates well with other corporate platforms such as Google Drive, Dropbox, and Salesforce, making it a fantastic solution for companies wishing to streamline their operations. Its sophisticated mobile application allows users to remotely sign papers, making it a practical solution for mobile organizations.
Businesses can use Dropbox Sign to simply manage and sign contracts, increasing productivity and lowering the chance of mistakes.
Legito is an AI-powered contract automation solution that allows businesses to create and manage legal documents quickly and efficiently.
The platform's user-friendly interface and customizable templates make it easy for non-technical users to create and edit contracts with ease. With its advanced automation features and machine learning capabilities, Legito can help businesses save time and reduce the risk of errors in the document creation process.
The platform also integrates with other business tools, including CRM systems and accounting software, making it a versatile solution for businesses of all sizes. With Legito, businesses can take control of their contract management processes and work more efficiently.
In conclusion, the use of contract generation tools can greatly benefit businesses in terms of efficiency, accuracy, and cost savings. From electronic signature platforms like DocuSign and HelloSign to AI-powered contract management solutions like Ironclad, there are many great options available for businesses of all sizes. By implementing these tools, businesses can streamline their legal workflows, reduce the risk of errors, and ultimately save time and money.
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Cloud Integration, iPaaS, SaaS, BPA… Ough, hard to keep track of all these terms. They are currently used frequently (and increasingly) in the context of automation, and it is sometimes difficult to make a clear distinction and distinction. We have already written blog posts on the terms iPaaS, SaaS and BPA, but we’ll take them up again here to make the difference.
But let’s start with cloud integration, because that’s the central umbrella term in which we embed all the other technologies in this blog post.
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To illustrate these advantages, an example is suitable that we know well from our everyday work as an automation agency:
The central data to be used here is the data of a major customer. This can be the simplest information, such as the address. This address is required in numerous but completely different processes in the company: on the one hand, for correct invoicing in accounting. On the other hand, in the CRM system, where all the data of the large customer is also stored. But the address is also important in sales, for example, when employees go to the sales meeting on site.
Now the customer announces that the address of the company has changed after a move. This information will reach you by e-mail. There are now two options:
01. The e-mail is forwarded to all affected departments, accounting, sales, customer service, marketing… All persons open their corresponding program, CRM, accounting software, marketing tools (such as newsletter marketing) and change the data already stored there of the customer. This means that in multiple applications, different people do exactly the same thing: change one address.
02. But there is also an alternative: By connecting your applications, thus by integrizing them, the customer’s e-mail, or rather the information it contains about the address change, is automatically passed on to all affected applications: CRM, accounting, marketing, ERP. This does not require any clicks, because the cloud integration detects a trigger, i.e. address change, and thus automatically starts the process.
What sounds unimpressive in a single process becomes more effective when such a process occurs several times a day or weekly. Because there is a lot of data that is available in different applications and should always be correct. If these applications are cloud applications they are suitable for cloud integration.
But cloud integration doesn’t just happen. There are now a variety of applications that enable and implement this. Such tools usually allow us to link the relevant cloud applications on a central platform and define clear rules on when, how, where, how much data should be passed on and what happens to them.
To realize cloud integration, there are various applications and technologies that are sometimes used interchangeably.
We have made a first distinction between iPaaS and BPA here.
We explain the term SaaS in more detail here.
Cloud integration is rather an umbrella term that includes numerous technologies, such as SaaS, iPaaS and BPA, and this is also absolutely necessary. Cloud integration is a concept that is made possible by appropriate technologies.
However, all terms share the commonality that they are cloud-based and thus offer enormous potential for growth and scaling. In addition, they are often cheaper to implement and maintain because changed requirements are easy to implement.
As an independent automation agency, we implement cloud integration according to your requirements. We use a variety of SaaS tools and iPaas (strictly speaking BPA) software. Together we find individual solutions that are flexible and scalable.