Humble Paper

Contract Standardization and Automation

Transcript

1. BENEFITS STANDARDIZATION AUTOMATION We help accelerate deals Humble Paper provides effective contract automation solutions for organizations to create and manage sophisticated contracts India Module 6, 1st Floor IITM Research Park Chennai, TN - 600001 United States 340 S Lemon Ave #9923 Walnut, CA - 91789
2. BENEFITS STANDARDIZATION AUTOMATION Speed. Compliance. Data. Effective contract automation can radically improve speed, help enforce compliance and processes and drastically improve visibility in contracting In one test, we found that we could reduce the eight hours required to complete a particular set of documents manually to less than one hour using document automation (and less than 30 minutes, for an experienced user) -WSGR
3. BENEFITS STANDARDIZATION AUTOMATION reduction in claims and disputes in companies that implement contract automation systems 30% improvement in revenue through better compliance 5-9% Effective contract automation has clear commercial implications 62 days organizations have documented a rapid return on investment, as early as 62 days
4. BENEFITS STANDARDIZATION AUTOMATION Our hosted software solution combined with on-call support and consulting services serves as a practical entry point for enterprises seeking to streamline their contracting processes. Contract Drafting Contract Iteration Approval Execution Audit & Reporting Storage Amendments Obligations Renewal Contract Request
5. BENEFITS STANDARDIZATION AUTOMATION Standardization Services Designated poc @client sends upto 10 transaction versions of a document package HP consulting team redacts and analyses documents; then prepares preliminary document tree Designated poc @client works with HP team over email and phone calls to provide clarifications and inputs - estimated 10 hours HP team meets with designated poc onsite and finalizes standardized document package Finalized Package sent to HP technical team for conversion into automated package kickoff discussions to determine scope and flavor Humble Paper provides high-end consulting services around its contract automation offering. Standardization is a prerequisite to automation and we help organizations (including law firms) standardize their documents for known transactions
6. BENEFITS STANDARDIZATION AUTOMATION Standardization Services We work with you to prepare or update a house style for your organization’s documents and then ensure that all deliverables are perfectly and consistently formatted according to this style. Custom House Styles During kickoff discussions, we request and take away instructions from the designated point of contact on specific aspects of the documents that would lend to them a ‘flavor’, a literary watermark, that can then allow these documents to be associated with the organization Flavor We remove literary cruft across your organization’s documents, working to make sure they retain their intended legal edge while conforming to current expectations from the business and legal community Language Rationalization We start from a base of real transaction-specific document packages and then work upwards to create specific boilerplates versions for specific circumstances Versions
7. BENEFITS STANDARDIZATION AUTOMATION Automation Services HP technical receives standardized documents HP technical conducts first level conversion of documents into wizards Designated poc @client edits the wizard using an admin interface OR provides inputs to HP technical HP team reviews final version and meets with designated poc @client to freeze the interface Once client approval is received HP technical deploys the wizards for use within the organization Once standardization is place, Humble Paper technical staff can begin converting the boilerplate documents into interactive wizards
8. BENEFITS STANDARDIZATION AUTOMATION Our hosted service infrastructure is HIPAA and ISO 27001 compliant. System Compliance Our team includes lawyers and engineers Staffing Our system keeps a log of every transaction, every document viewed or generated, along with IP address, user information, and timestamp Audit Trail We use industry-standard 256-bit SSL encryption protocols to keep the application safe and secure SSL Our automated scheduled backups ensure against any data loss Backups We provide an admin dashboard with detailed status and information about contracts being generated across the team or org Visibility Automation Services
9. BENEFITS STANDARDIZATION AUTOMATION your logo here send the entire set of assembled documents as an email directly from Humble Paper preview your assembled contracts online while answering questions questions are neatly organized into groups and you can navigate among them easily
10. BENEFITS STANDARDIZATION AUTOMATION Stop wrestling with documents. request a quote. now. email sales@humblepaper.com