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Without adequate contract automation (aka contract assembly or document automation), creating a contract can be an uphill battle. Contracting processes often contain complications. Some business transactions are not even agreed in a contract (exposing the company to excessive liability).
Most parts of contract creation are fact-finding, can be delegated, allow process optimisation and risk management to be automated. With contract automation, response times turn to zero, you will sprint at deal-momentum.
For clarity of terminology: if we talk about contract automation (or document assembly), that relates to the contract creation stage (incl. e-signing). If you are interested in the post-negotiation stage, visit our contract lifecycle management software (CLM) pages.
With contract automation software, contract creation processes are streamlined, consistent and controlled: you will answer a questionnaire and generate a first-time-right draft agreement based on your own model contract templates.
Optimise contract creation by integrating Weagree with SharePoint, Salesforce, CRM and other applications, with advanced approval workflows and plug in e-signing.
Experience the Weagree Wizard yourself (it’s free, secure and anonymous).
Weagree’s contract automation wizard solves many problems:
If you want to understand your business case for contract automation better, we have explained it in more detail.
There’s more to contract automation than ‘just’ an acceleration. Let’s dive into it. Weagree solves more of your problems:
– prevent re-inventing the wheel
Contracts for which legal counsel are consulted, usually require a specialty. The one additional arrangement unanticipated in your template: for the transaction with a key supplier, for the one strategic element in a collaboration, or the risky part of supplying a competitor. A clause library integrated with contract automation…
Otherwise the legal counsel was called upon to draft a provision. Often from scratch (aka: re-invent the wheel). Or to consult colleagues to find a proper example.
A key characteristic of the Weagree Wizard is the central, searchable clause library. This library serves as a repository of reusable contract building blocks, ensuring high quality and consistency in contract templates. With a clause library, errors and inconsistencies are avoided.
A clause library empowers legal counsel with direct access:
Thanks to the centralised and integrated nature of Weagree’s clause library integrated with contract automation, your contract maintenance work is minimised.
– edit contracts with a real-time editor
For many people, contract automation feels like abandoning control. Filling out a questionnaire is unsettling, like walking through a dark tunnel. If you cannot immediately check your answer or verify if the necessary nuance is present, you prefer a word document (for ease of use). This is where delay and inefficiency join the race. It’s also where having a real-time editor (WYSIWYG) for contracts makes the difference.
Edit and track changes to your contract. Easily tweak your contract real-time. Double-check your contract in a WYSIWYG viewer (your underwater screen) as you answer the questionnaire. The generated Word document includes all your tweaks as if they had always been there all the time.
View in split-screen mode. The real-time WYSIWYG screen can be separated from the browser. While answering the Q&A, simply detach Weagree’s real-time editor and move it to a second monitor. On mobile phones, swipe to access the real-time editor.
Save time collaborating. End-users can comment, propose or discuss changes with colleagues by @mentioning a colleague – while continuing to answer the Q&A questions. The under-water-screen will track the changes (redlining).
Template Post-its. End-users can give feedback on questionnaires, contract clauses or Q&A options. The feedback is collected in the admin tooling. Admins, with just one click access, can apply all feedback into the right template. Your template is updated in a few clicks. Weagree makes template maintenance super-easy. No more Post-its or notebook scribbles for improving your templates.
– no hassle, save time and effort
Traditional signing of contracts is slow, burdensome and laborious. It requires reminders and some signed contracts are just never returned. Not having e-signing plugins with contracting process has become like cycling with wooden wheels.
How delightful would it be to get your contracts e-signed, sealed and delivered all from within one and the same place?!
The Weagree Wizard has fully integrated plugins:
Are you ready to accelerate your business? Implement e-signing in a few minutes only!
No extra charge for using the existing plugins; no extra charge for supporting you configuring our plugins, and if you want an integration that we have on our roadmap, we are happy to develop it for you.
…increase productivity by 1300%
It sounds exciting: to increase productivity by 1300 percent. But there is no magic wand to simply achieve 1300 percent. For productivity improvements you must have detailed insight in (i) the bottlenecks in your processes, and (ii) where in the process time is lost ‘for no reason’.
Contract data visualisations and contract reporting dashboards support the gamification of contracting, resulting in:
– to complete your Q&A
The small things in contract automation are still inhibitory. More than you like, they slow down the process. Contracting has become collaborative and so has Weagree. Invite the other party as a guest to help you answering the questionnaire.
Just enter the e-mail address, write a personal invite, click send, and wait… (for the remaining answers to come in ‘automatically’).
It is so convenient to invite a guest to answer the Q&A and fill in the gaps. Watch it yourself!
Happy to complete the deal expeditiously.
Note: Guest access users are included in the licence of the inviting contract automation user.
– for adequate internal controls and robust risk management
If any contract or given Q&A-answer requires the prior approval by senior management or any other stakeholder, the contract approval can be obtained through Weagree. Weagree’s contract approval workflow functionality is advanced:
Weagree’s approval workflow allows a legal department to introduce or differentiate approval requirements and to monitor compliance. An adequate contract-creation-approval workflow justifies access rights to the contract creation stage for business managers, with the option to release the contract itself only after approval by the responsible in-house lawyer.
Weagree’s contract approval workflow is probably more extensive and might have more features than you think.
Approval workflows provide a legal department with adequate internal controls and robust risk management: enforcing compliance and permitting delegation of contract creation work.
– a Weagree workspace with contract negotiations management
Weagree’s DMS accelerates the entire contract lifecycle, end-to-end, and automates countless manual user actions. It’s the user’s permanent workplace for organising and managing all pending contracts.
It is possible to upload contracts, contract-related files, schedules and contract versions not originating from Weagree’s contract automation.
Managing contract versions and making compares takes only two clicks. To see full capabilities of Weagree’s document management system, watch the video below.
A true workspace where all your contracting work comes together.
– projects with clustered contracts
Many large transactions such as M&A-transactions, financing-transactions and construction projects often entail the creation of hundreds or thousands of documents and monitoring them involves many stakeholders. Everyone involved must only see what is relevant to them. This becomes increasingly challenging when contract data is to be reused in multiple documents, or when that data is updated during project preparations or implementation.
You can easily create, manage, and coordinate complex and large transactions within Weagree.
and much more…
Watch how Deutsche Bahn uses Weagree to automate and manage all types of construction projects on a day-to-day basis.
– Super-easy template maintenance
Within Weagree, end-users have the possibility to give feedback on questionnaires, contract text, Q&A options, etc. The feedback is collected centrally, in the admin tooling. Admins have one-click access bringing them straight to the commented contract clause (in the right template, at the right Q&A-point etc.) and can implement the proposed change with one click.
Super-easy template maintenance! No Post-its or lost notebook scribbles for maintaining your templates at the highest standards!
The Weagree Wizard is equipped with a set of high quality contract templates. Customers are free to modify and expand the automated templates or Q&A-options according to your business requirements.
The model contracts include (without limitation) those that we have shared in Word-format (in the Weagree Wizard they are automated with an advanced questionnaire). As a licensee, you are free to use them in your own business.
This video highlights step-by-step how to accelerate your contract flow – from the creation stage, with an integrated clause library, to supporting your know-how management. Watch it yourself:
Now that you’ve come this far, why don’t you try it yourself? We have automated a contract template, guiding you through a questionnaire and highlighting a few key functionalities:
Experience Weagree’s contract automation yourself (it’s free, secure, and anonymous).
