Contract automation that emphasizes an advanced e-signature functionality is essential for company stakeholders, product managers, and anyone signing the dotted line on contracts or important documents. Automatically generating, managing, and executing contracts with e-signature functionality reduces time on manual oversight and human error. By embracing contract document automation, you can experience smoother processes, faster time to market, and reduced operational overhead.
We know contract automation isn’t just about digitizing a signature. Integrating automation into your document workflows and brand will simplify complex processes with conditional logic and an easy-to-use API. Contract automation ensures that every e-signed contract gets handled accurately and securely while complying with regulatory standards.
Compared to manually drafting and tracking contracts, automation tools move the digital document process forward with minimal human intervention past the point of the initial setup (with a dash of help from our Document AI). This upgrade optimizes a workflow with multiple stakeholders, approvals, steps, and e-signatures for contracts.
What are the benefits of contract document automation?
Efficiency:
Automating contract workflows eliminates repetitive tasks and manual oversight, freeing up time for product teams to focus on core feature development. It can be an e-sign contract, a purchase agreement, or a service-level agreement, and contract automation will provide the tools necessary for faster, more reliable operations. If you can upload a PDF, you can turn it into an automated workflow with advanced e-signature functionality.
Accuracy:
Standardizing contracts and reducing manual input means fewer errors across all documents. Anvil’s system map allows users to pull from existing databases to accurately inform multiple PDFs, reducing the manual time required to create and recreate digital forms. Anvil, for example, ensures that every document is tailored according to need, eliminating the need for repetitive checks.
Compliance:
Anvil integrates into automated systems that are designed to adhere to regulatory requirements, ensuring that contracts remain compliant, whether GDPR, PII, or otherwise.
Want more information on our features that balance efficiency, accuracy, and compliance? Check out our document workflow solutions.
The role of conditional logic in contract workflows
Conditional logic allows users to build dynamic workflows that respond to specific conditions or triggers within the contract or document process. When applied, conditional logic will automatically adapt the system to certain criteria and variables, such as customer data, contract type, or business requirements.
For example, conditional logic can dictate which clauses are included or excluded based on values a user enters of the checkboxes it marks. This feature ensures that each contract is tailored to the specific circumstances of the transaction while maintaining regional regulatory requirements.
Primary benefits of conditional logic in contract workflows
Customization:
Every contract can be automatically adjusted to meet the unique needs of a transaction or client. The workflows can also be embedded into your existing application, creating a unified brand look and feel.
Speed:
Conditional logic eliminates manual decision-making steps, speeding up the contract's execution time. Making the process easier and faster can lead to better efficiency. Roughly 32% of digital envelopes are abandoned, so it stands to reason that you make the process as straightforward and accessible as possible to beat that statistic.
Reduce errors:
Using conditional logic helps avoid common mistakes, such as including the wrong clauses, missing important details, or overlooking a regulatory consideration. Studies show that when performing data entry tasks, humans have an average accuracy rate of 95%. Contract workflow automation can close that 5% gap and help your company avoid human mistakes and oversights, however large or small.
How e-sign functionality enhances contract automation
Anvil integrates webforms and document workflows using a simple API, making complex workflows systematic and scalable. For product managers and developers, this means less time managing document software or updating code, and more time available to focus on differentiated features.
Anvil’s e-sign functionality can be embedded into your existing application. Users can quickly set up forms and contracts that dynamically adjust based on user input. Our API allows for thoughtful and extended customization, so you can build e-signatures for contracts that match your business needs.
Ready to implement contract automation in your business?
If you need further proof, check out how Gridline built a superior subscription agreement experience using Anvil. Contract automation problems are not unique to a specific industry, and the solutions provided can fit into whatever business you’re in. If you use digital documents, Anvil can help.
Integrating Anvil into your existing workflow is simple.
- Start by identifying areas in your contract processes that can benefit from automation.
- Use Anvil’s tools to build dynamic forms
- Set up conditional logic
- Utilize our Etch E-sign API for contract functionality.
The result? A more efficient, compliant, and secure electronic contract management system.
Contract document automation will allow you and your teams to move faster, reduce errors, and ensure compliance—all while creating a superior user experience within your company’s brand.
Book a demo or sign up for a free account to see how Anvil can help you streamline e-sign contracts and improve your automation efforts.