How the digital GC can implement automation to drive efficiencies across the whole tech business
As the GC (general counsel) of a midmarket tech business you already occupy a trusted seat at the table with the rest of the company’s key business units. You appreciate the need for your organisation to increase productivity whilst keeping costs low in order to increase your customer base and grow. You regard your internal stakeholders as your own “customers” and want to deliver a service to increase efficiency, save them time as well as giving your department more time to focus on strategic legal matters. You are part of a technology team so are naturally tech-savvy and you know technology is the way forward, but you’re just not sure how.
Automation may be the key.
With legal touching every department from sales and marketing to CRM and procurement, you have an overall appreciation of the process challenges your business faces every day and may be best placed to implement automation.
By automating aspects of your legal service delivery you can not only improve department efficiencies but optimise service delivery and free up time to empower staff across your organisation to do what they do best! With the right tools supporting key processes, sales teams have more time to sell, CRM managers have more time to improve the customer experience, lawyers have more time to, well, practice the law!
We look at some key areas to help you consider digital automation and why:
- Contract turnaround time – So much time is wasted by your sales teams, HR, procurement and business divisions struggling to understand which contract templates they should use and then communicating with all parties including legal to get sign off. Empower your sales teams to have the right contracts to share with their customers at their fingertips, reduce the amount of time spent gathering paperwork and shuffling it between sales and legal. Repurpose the time wasted by teams on contract admin by turning to technology to automate it. It can take care of the lot – from customising contracts, sending out notification emails to get other departments connected to obtain the layers of approval required right up to digital signatures. This frees up significant amounts of time for all parties involved to focus on more strategic initiatives.
- NDA’s – similar to contracts
- Approvals – automating the approvals workflow creates a quicker route to revenue generation. It can massively cut the legal contract process time, resulting in greater overall efficiency and accelerated sales cycles.
- Creating an audit trail for compliance – by automating all of these processes, data is gathered in the right place automatically providing an audit trail to prove compliance. At AUTTO we actually use our own software inhouse to ensure and prove all new employees have had the information security training required to honour our own ISO 27001 status!
At AUTTO we are proud to be working with Olive AI, an innovative technology healthcare provider. Olive’s GC uses AUTTOs to optimise efficiency of commercial contracting, as well as streamlining internal processes to reduce time, improve accuracy and minimise unnecessary paper shuffling associated with such a legally intensive business.
If you are interested in learning more about how we can help your GC, please do get in touch.