Got In-House Legal Bottleneck? Get Document Automation and Earn Back Time
When in-house legal makes the leap to Thomson Reuters Contract Express, this happens: the company is the immediate recipient of the leading enterprise class, web-based document automation solution that enables fast and accurate document drafting and self-service contracting.
The corporate legal team delay disappears, and time, the most elusive commodity, is freed up for more value-add services for corporate business partners.
Broadly, with Contract Express, you’ll find that manual document assembly no longer rules the roost, risk for error in document drafting is reduced, and what’s more, corporate retainers for hired law firms are minimized. Reliance on law firm services for document assembly, drafting and contracts virtually goes away.
Specifically, global corporate legal teams use Contract Express in a variety of ways. We’re seeing sellers’ agreements, leasing agreements, vendor contracts, and commonly used NDAs, plus many more applications of document automation at companies large and small. The results are the same: increased efficiency and productivity throughout in-house legal, faster services delivery by reducing bottlenecks, and less dependence on retained law firms for help with document assembly that can now be done in-house.
Smaller In-House Legal Teams Also Benefit
Even for smaller in-house legal teams, Contract Express is a must-have. Imagine a growing commercial real estate company that owns buildings with operations headquartered in one state with tentacles across five others. The company manages commercial real estate administration, building codes and systems, property management, and tenant leases with some 54 templates in six jurisdictions.
Unfortunately, the GC has not been proactive in investing in document automation or drafting software like Thomson Reuters Contract Express. All the repetitive transactions are managed manually. This may sound familiar in your corporation, whether your industry is commercial real estate or not.
From another perspective, in your multi-national corporation with several thousand employees, how many NDAs in how many languages does your company initiate on a daily basis? When your in-house legal team touches each NDA for 15 minutes that adds up to hours per day of lost productivity managing simple contracts. Let’s imagine that your internal business partners could self-serve NDAs with pre-approved language flexible enough to accommodate a variety of scenarios. It would be like adding 10-20 hours a week in found time allowing your corporate legal team to focus on higher-value work and negotiations.
That’s the beauty of Contract Express for small and large in-house legal teams. We invite you to connect with a Thomson Reuters representative to see how our solution scales to your corporation.
Contract Express Features and Benefits
Thomson Reuters Contract Express offers a dynamic and patented questionnaire that collects data and guides users through document creation, approval, and the collaboration process. The questionnaire is really the engine that makes Contract Express such a success in automated document assembly. Your team enters the details for each transaction and the questionnaire does the rest.
Your contract templates reside in Microsoft® Word and are easily accessible. You’re able to extend self-service contract or NDA drafting to other business units, like sales or marketing, which frees up your attorneys for more complex matters.
And, there’s less reliance on the IT department for drafting as our patented technology allows a non-techie to be able to automate basic documents in Word with only a few hours of training. Automated drafting is made easier without hidden codes or fields, proprietary editors, or reapplied styles to generate documents. Within a contract, the reporting feature allows in-house legal teams to see the terms customers have agreed to making document drafting all the more efficient.
Thomson Reuters Contract Express® is trusted by the world’s leading corporations and law firms. It’s time to give Contract Express a chance to eliminate the in-house legal team bottleneck. When you contact us, we’ll set you up with a demo and a free trial, and then you’ll see firsthand why Contract Express is the right solution for your company. Reach us by email at contractexpress-support@tr.com or visit the website at www.contractexpress.com.
This content is advertising.
