The legal department’s importance in the workplace has increased rapidly over the past few years. Legal can no longer function as a separate, insular component of the larger company, reacting solely when legal concerns emerge. Legal is now expected to be a strategic partner to the entire company, driving value, realising returns on investment, and adding business value, just like any other department.
To address this legal management constraint, legal workflow automation can be utilised to save time, money and provide a better service, thus increasing client satisfaction. According to Gartner, it is thought that by 2025, legal departments will increase their spend on legal technology threefold. Here are five ways that legal workflow automation helps in-house legal revolutionise not only legal departments, but whole companies:
1. Link legal to the entire company and beyond
Legal workflow automation broadens the reach of legal departments, allowing knowledge to be shared effectively and expertise silos to be avoided. Legal tech tools make information easily accessible to the entire business. meaning the flexibility and openness of these solutions create a more flexible and open collaborative culture. People may get together to share ideas and discuss solutions in a way that feeds a competitive advantage by offering a single source for linking the organisation.
Gabriel Bärenz, Senior Legal Counsel for ING, describes how BRYTER helps them to find the right information as swiftly as possible across the organisation. The tool enables their processes to be as transparent and seamless as possible, increases information accessibility and allows individuals to locate the information they want when they require it. This saves both their time and the time of their business counterparts, allowing them to deliver a faster and better service.
2. Proactively manage risk
The legal profession needs to frequently assess risks, ensure organization’s security, which sometimes makes it difficult for them to embrace wide-scale change. However, with the demand for more efficiency and more flexible client services, adopting more efficient business processes and technological solutions is the only way to respond to these changes. With legal workflow automation tools, including document automation and employment contract template generators, businesses can write their own legal agreements in line with industry norms by automating contract generation. Creation of built-in safeguards can be utilised to promote risk mitigation, ensuring important provisions are never left out and awareness of current best practices and compliance.
3. Tailor solutions to your company
With legal workflow automation, enterprises build their own corporate legal software quickly and simply without programming expertise at a fraction of the cost.
GEA’s legal team have launched over 20 digital apps covering corporate legal issues, corporate housekeeping, compliance, data protection, and contracts since discovering BRYTER legal workflow automation capabilities. They used BRYTER to build an NDA generator, that gives their business colleagues the possibility to produce NDA drafts as a self-service.
4. Make accurate decisions
Users can rapidly manage the complete life cycle of a contract by automating legal workflows, from creation to review to approval and execution. All of the processes necessary for contract administration are in one location, making it simple for paralegals, general counsels, and chief financial officers to make accurate decisions fast.
BRYTER powerful logic engine allows users to model and visualise complex decisioning involved with legal and regulatory advice. This increases capacity and transforms manual decision-making processes into actionable digital solutions which are accessible 24/7.
5. Focus on value added work
Legal workflow automations allow workers to be able to focus on value added work, which means saving time, which often equates to saving money.
The goal of legal workflow automation software is to make processes run more smoothly. By automating processes, users will be able to spend more time on important, high-value tasks. For example, replacing manual drafting processes with a standard contractual clauses generator increases the pace at which your company can conclude data transfers and process data for business operations. Workflow automation systems can help with a variety of administrative issues that sap productivity. Not only save time, but also saving money. Workflow automation guarantees that all jobs are done swiftly, no matter their size.
So what does the legal department look like after work processes are automated? Legal operations can now respond to business needs in a tailored, streamlined and optimized way.
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