Issues with documents are giving companies and organizations a little over 20 percent of staff productivity. That’s according to findings by the International Data Corporation (IDC), at least. Industries are always full of competitive people. Of course, who doesn’t want to be nothing less than the best? Being at the top is also more likely to draw in brand loyalty and trust. It’s also great for brand awareness as a whole.
Imagine being hindered from achieving that simply because of less productive staff and trouble with handling documents! Unfortunately, it tends to happen whether a business is already flourishing or just starting out.
Thankfully, document automation exists.
What Does Document Automation Mean?
Document automation, as the name suggests, is a system that helps people manage various documents about their business. Document templates will exist to help things move forward, saving time on questions that may be repetitive in the long run. Questions like who the involved parties are and how long the agreement is meant to be are good examples of this. A number of fully branded documents can be premade, ready for the blanks to be filled at any point. This includes, but is not limited to:
- Employment agreements
- License agreements
- Non-Disclosure Agreements (NDAs)
So much time that would have been spent drafting and making sure language errors are avoided can be saved this way. In turn, there will be far more efficiency amongst everyone involved.
Document automation modules require a one-time questionnaire to be filled out. That will be specifically tailored to the template being made, with information relevant to the matter at hand. A single click after all that relevant data is gathered will bring up a Microsoft Word document that has a branded, fully drafted document ready for review. That information can be accessed through a search tool and advanced filters so that specifics can be handled.
The Legal Sector
When it comes to legal matters, document automation gives the sector a great leg up. Lawyers can help cut billable hours down in terms of administrative matters, helping their clients end up with cost savings. This then leads to a lot of improved client satisfaction. When matters come up that are easily solved by simple agreements, templates can help move things along.
Save Time With Document Automation
As previously mentioned, a lot of time usually goes into preparing legal documents. Document automation helps to save it all. When it comes to the workday, processes that aren’t smooth and paperwork overload are huge detriments to full-on productivity.
Manual drafting also leaves many important documents prone to human error. Automating the process of drafting takes away a lot of that. It also helps to save a lot of time. Aside from the boost productivity gets, there’s also a lot of time saved through this.
Conclusion
Document automation comes with several benefits that help businesses to be more productive. It involves a user answering a questionnaire for document templates to be drawn up for the likes of a non-disclosure agreement (NDA), employment agreement, and more. It helps to save time, boosts productivity, and makes things far more efficient.
Trying to get assistance with contract review and management? Anapact can definitely help you with that. It’s an easy contract management software that’s great for SMEs! Get started today!
