Document automation can free up a significant amount of time allowing lawyers to focus their energies on higher-value and – let’s face it – more interesting work!
Document automation can also help to drive revenue and/or other important business outcomes; improve consistency; reduce risk and capture/preserve useful contractual data – see our related post: “What is contract automation and what are the benefits?”.
Document automation can free up a significant amount of time allowing lawyers to focus their energies on higher-value and – let’s face it – more interesting work!
Document automation can also help to drive revenue and/or other important business outcomes; improve consistency; reduce risk and capture/preserve useful contractual data – see our related post: “What is contract automation and what are the benefits?”.
When considering which documents to automate, a natural starting point is to think about documents which are high volume and typically also at the more straightforward end of the spectrum.
One document which fits the bill is the NDA and this is indeed where many start when exploring document automation.
Using automation in combination with a known/respected standard (e.g. the oneNDA – which can be automated using Tabled) can further reduce turnaround times by removing/reducing negotiations.
Beyond the NDA, there is a plethora of documents you could look to automate to obtain similar advantages.
Some of these are documents that would typically be drafted/owned by the legal team but it’s also worth considering the potential value to other teams in areas such as finance, HR, marketing, operations, procurement or sales.
Examples might include:
Master Service Agreement (MSA)
Statement of Work (SOW)
Service Level Agreement (SLA)
Software-as-a-Service Agreement (SaaS)
Purchase Agreement
Service Agreement
Construction (appointment suite, warranties)
Corporate (e.g. share purchase, asset purchase)
Property (leases, rent review documents, sale agreements,
completion statements)
Offers of employment
Employment contracts
Licenses
Franchise Agreements
Proposals
Quotes
Sales contracts
Partner agreements
Data Processing Agreements
Minutes
Resolutions
Of course, the above is not intended to be an exhaustive list!
The highest-ROI opportunities for document automation will depend on multiple factors and there will likely be a mix of different use cases.
With that in mind, Tabled’s document automation toolkit is focussed on ease-of-use and flexibility, to enable you to get up and running quickly and easily, across a wide range of different document types.
You can find out more about automating documents with Tabled and the benefits on offer in our related post: “What is contract
automation and what are the benefits?”. If you’d like to see the benefits of using platform which brings document automation together with related workflows such as intake/requests (or “legal ticketing“), template access and self-service knowledge resources, please request a demo below and we’d be delighted to show you!